Martingale Asset Management L P Boosts Stake in Textron Inc. $TXT

Martingale Asset Management L P lifted its holdings in Textron Inc. (NYSE:TXT) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,214 shares of the aerospace company’s stock after purchasing an additional 6,567 shares during the quarter. Martingale Asset Management L P owned 0.11% of Textron worth $16,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of TXT. Activest Wealth Management grew its holdings in shares of Textron by 3,255.6% in the fourth quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 293 shares during the period. Elyxium Wealth LLC bought a new stake in shares of Textron in the fourth quarter worth $30,000. Accredited Wealth Management LLC grew its holdings in shares of Textron by 804.0% in the third 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 period. Assetmark Inc. grew its holdings in shares of Textron by 52.2% in the third quarter. Assetmark Inc. now owns 493 shares of the aerospace company’s stock worth $42,000 after acquiring an additional 169 shares during the period. Finally, Optiver Holding B.V. bought a new stake in shares of Textron in the third quarter worth $45,000. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on TXT shares. TD Cowen raised Textron from a “hold” rating to a “buy” rating in a report on Thursday, April 30th. Morgan Stanley set a $109.00 price objective on Textron in a report on Monday, May 4th. Citigroup lifted their price objective on Textron from $97.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Weiss Ratings raised Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Finally, Sanford C. Bernstein lifted 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 investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Textron currently has a consensus rating of “Moderate Buy” and an average target price of $101.18.

Textron Stock Performance

NYSE:TXT opened at $92.71 on Friday. The stock has a 50-day simple moving average of $90.94 and a two-hundred day simple moving average of $91.08. Textron Inc. has a 52-week low of $75.80 and a 52-week high of $101.57. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.87 and a current ratio of 1.84. The firm has a market capitalization of $16.12 billion, a PE ratio of 17.73, a P/E/G ratio of 1.40 and a beta of 0.90.

Textron (NYSE:TXT) last released its quarterly earnings results on Thursday, April 30th. The aerospace company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.15. Textron had a return on equity of 14.56% and a net margin of 6.15%.The business 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 earnings per share. 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. Analysts forecast that Textron Inc. will post 6.6 EPS for the current year.

Textron Dividend Announcement

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

Insider Activity

In other Textron news, Director Thomas A. Kennedy acquired 10,300 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was purchased at an average price of $95.98 per share, with a total value of $988,594.00. Following the completion of the purchase, the director directly owned 20,162 shares in the company, valued at approximately $1,935,148.76. The trade was a 104.44% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director R Kerry Clark sold 2,517 shares of the company’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 transaction, the director directly owned 8,611 shares of the company’s stock, valued at approximately $801,597.99. This trade represents a 22.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.90% of the company’s stock.

About Textron

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.