6,583 Shares in Textron Inc. $TXT Acquired by Clune & Associates LTD.

Clune & Associates LTD. acquired a new position in shares of Textron Inc. (NYSE:TXT) during the 4th quarter, Holdings Channel.com reports. The firm acquired 6,583 shares of the aerospace company’s stock, valued at approximately $574,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC grew its position in shares of Textron by 144.1% during the 2nd quarter. AQR Capital Management LLC now owns 2,664,612 shares of the aerospace company’s stock worth $213,942,000 after buying an additional 1,573,206 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its holdings in shares of Textron by 270.7% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,005,843 shares of the aerospace company’s stock valued at $80,759,000 after acquiring an additional 734,478 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in Textron in the third quarter worth about $56,255,000. SG Americas Securities LLC lifted its stake in Textron by 8,087.0% in the fourth quarter. SG Americas Securities LLC now owns 429,492 shares of the aerospace company’s stock worth $37,439,000 after acquiring an additional 424,246 shares during the period. Finally, Millennium Management LLC grew its holdings in Textron by 56.2% during the 3rd quarter. Millennium Management LLC now owns 926,237 shares of the aerospace company’s stock worth $78,258,000 after acquiring an additional 333,421 shares in the last quarter. 86.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. TD Cowen raised shares of Textron from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. Sanford C. Bernstein increased their price objective on shares of Textron from $94.00 to $108.00 and gave the company a “market perform” rating in a research note on Thursday, February 19th. Citigroup lifted their price objective on shares of Textron from $97.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, April 2nd. Wells Fargo & Company assumed coverage on Textron in a report on Wednesday, April 1st. They set an “equal weight” rating and a $92.00 target price for the company. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a research report on Sunday, May 3rd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Textron presently has a consensus rating of “Hold” and an average target price of $101.18.

Insider Buying and Selling at Textron

In other Textron news, Director R Kerry Clark sold 2,517 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total value of $234,307.53. Following the completion of the sale, the director owned 8,611 shares of the company’s stock, valued at approximately $801,597.99. This trade represents a 22.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas A. Kennedy purchased 10,300 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were acquired at an average price of $95.98 per share, for a total transaction of $988,594.00. Following the purchase, the director directly owned 20,162 shares of the company’s stock, valued at approximately $1,935,148.76. The trade was a 104.44% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.90% of the stock is owned by insiders.

Textron Stock Up 1.8%

Shares of Textron stock opened at $91.88 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.84 and a debt-to-equity ratio of 0.43. The company has a market cap of $15.98 billion, a P/E ratio of 17.57, a PEG ratio of 1.37 and a beta of 0.93. The firm’s 50 day moving average price is $90.20 and its 200-day moving average price is $89.92. Textron Inc. has a 52-week low of $72.00 and a 52-week high of $101.57.

Textron (NYSE:TXT) last announced its earnings results on Thursday, April 30th. The aerospace company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.15. Textron had a net margin of 6.15% and a return on equity of 14.56%. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same period last year, the firm earned $1.28 earnings per share. Textron’s revenue was up 11.8% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, sell-side analysts predict that Textron Inc. will post 6.6 EPS for the current fiscal year.

Textron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, June 12th. Textron’s payout ratio is 1.53%.

Textron Profile

Textron Inc is a global, multi-industry manufacturing company headquartered in Providence, Rhode Island. The company designs, manufactures and services a diverse range of products for the aerospace, defense and industrial markets. Textron operates through four primary business segments—Textron Aviation, Bell, Textron Systems and Industrial—each of which serves customers around the world.

Textron Aviation is known for its Cessna and Beechcraft branded business jets and turboprop aircraft, offering models that range from light jets and turboprops to larger cabin aircraft designed for corporate and charter use.