Goldman Sachs Group Inc. Grows Holdings in Textron Inc. $TXT

Goldman Sachs Group Inc. increased its position in shares of Textron Inc. (NYSE:TXT) by 22.4% during the 4th quarter, Holdings Channel reports. The firm owned 1,191,811 shares of the aerospace company’s stock after purchasing an additional 218,201 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Textron were worth $103,890,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management boosted its holdings 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 purchasing an additional 293 shares during the last quarter. Elyxium Wealth LLC purchased a new position in Textron during the fourth quarter worth about $30,000. Accredited Wealth Management LLC boosted its holdings in Textron by 804.0% during the third quarter. Accredited Wealth Management LLC now owns 452 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 402 shares during the last quarter. Assetmark Inc. boosted its holdings in Textron by 52.2% during the third quarter. Assetmark Inc. now owns 493 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 169 shares during the last quarter. Finally, Optiver Holding B.V. purchased a new position in Textron during the third quarter worth about $45,000. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Textron

In other news, Director R Kerry Clark sold 2,517 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $93.09, for a total value of $234,307.53. Following the sale, the director owned 8,611 shares of the company’s stock, valued at $801,597.99. The trade was a 22.62% decrease in their ownership of the stock. 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 dated Friday, May 1st. The stock was acquired at an average cost of $95.98 per share, for a total transaction of $988,594.00. Following the transaction, the director owned 20,162 shares of the company’s stock, valued at approximately $1,935,148.76. This trade represents a 104.44% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.90% of the company’s stock.

Textron Stock Performance

Shares of TXT stock opened at $93.13 on Wednesday. The firm has a market cap of $16.19 billion, a price-to-earnings ratio of 17.81, a P/E/G ratio of 1.37 and a beta of 0.90. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.87 and a current ratio of 1.84. Textron Inc. has a 52 week low of $75.75 and a 52 week high of $101.57. The firm’s 50-day simple moving average is $90.63 and its two-hundred day simple moving average is $90.90.

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

Textron Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TXT. Morgan Stanley set a $109.00 price target on shares of Textron in a report on Monday, May 4th. Weiss Ratings cut shares of Textron from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. JPMorgan Chase & Co. boosted their price target on shares of Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Sanford C. Bernstein lifted their price objective on shares of Textron from $94.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday, February 19th. Finally, UBS Group lifted their price objective on shares of Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Textron has an average rating of “Hold” and an average target price of $101.18.

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.