Natixis Advisors LLC Buys 9,824 Shares of Textron Inc. $TXT

Natixis Advisors LLC lifted its stake in shares of Textron Inc. (NYSE:TXT) by 3.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 284,012 shares of the aerospace company’s stock after purchasing an additional 9,824 shares during the quarter. Natixis Advisors LLC’s holdings in Textron were worth $24,757,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TXT. Activest Wealth Management grew its position in Textron by 3,255.6% during the fourth quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock worth $26,000 after buying an additional 293 shares in the last quarter. Elyxium Wealth LLC bought a new position in Textron in the 4th quarter worth about $30,000. Accredited Wealth Management LLC increased its stake in Textron by 804.0% in the 3rd quarter. Accredited Wealth Management LLC now owns 452 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 402 shares during the last quarter. Assetmark Inc. increased its stake in Textron by 52.2% in the 3rd quarter. Assetmark Inc. now owns 493 shares of the aerospace company’s stock worth $42,000 after acquiring an additional 169 shares during the last quarter. Finally, Optiver Holding B.V. bought a new position in Textron in the 3rd quarter worth about $45,000. 86.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Textron news, Director R Kerry Clark sold 2,517 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total transaction of $234,307.53. Following the completion of the transaction, the director owned 8,611 shares of the company’s stock, valued at $801,597.99. This represents a 22.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas A. Kennedy purchased 10,300 shares of the stock in a transaction on Friday, May 1st. The shares were acquired at an average cost of $95.98 per share, with a total value of $988,594.00. Following the transaction, the director directly owned 20,162 shares in the company, valued at $1,935,148.76. The trade was a 104.44% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 1.90% of the company’s stock.

Textron Trading Down 0.4%

NYSE TXT opened at $90.99 on Friday. Textron Inc. has a 1-year low of $73.97 and a 1-year high of $101.57. The company has a current ratio of 1.84, a quick ratio of 0.87 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average of $90.46 and a 200-day moving average of $90.64. The firm has a market cap of $15.82 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 1.37 and a beta of 0.90.

Textron (NYSE:TXT) last released its earnings results on Thursday, April 30th. The aerospace company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.15. Textron had a return on equity of 14.56% and a net margin of 6.15%.The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the previous year, the company posted $1.28 EPS. Textron’s revenue for the quarter was up 11.8% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, sell-side analysts forecast that Textron Inc. will post 6.6 EPS for the current year.

Textron Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have weighed in on TXT. Wells Fargo & Company began coverage on Textron in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $92.00 target price on the stock. Weiss Ratings downgraded shares of Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. UBS Group raised their target price on shares of Textron from $99.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, May 4th. TD Cowen raised shares of Textron from a “hold” rating to a “buy” rating in a research note on Thursday, April 30th. Finally, Sanford C. Bernstein upped their price objective on Textron from $94.00 to $108.00 and gave the stock a “market perform” rating in a report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $101.18.

Textron Company 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.