Storgate LLC Invests $917,000 in Textron Inc. $TXT

Storgate LLC bought a new position in Textron Inc. (NYSE:TXT) during the 4th quarter, HoldingsChannel reports. The fund bought 10,519 shares of the aerospace company’s stock, valued at approximately $917,000. Textron accounts for about 0.8% of Storgate LLC’s holdings, making the stock its 17th biggest holding.

Several other large investors have also made changes to their positions in TXT. AQR Capital Management LLC grew its holdings in 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 acquiring an additional 1,573,206 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in Textron by 270.7% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,005,843 shares of the aerospace company’s stock worth $80,759,000 after acquiring an additional 734,478 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in Textron during the 3rd quarter worth about $56,255,000. SG Americas Securities LLC grew its holdings in Textron by 8,087.0% during the 4th 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 last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Textron by 18.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,551,781 shares of the aerospace company’s stock worth $222,455,000 after acquiring an additional 405,314 shares during the last quarter. Institutional investors own 86.03% of the company’s stock.

Textron Stock Performance

Textron stock opened at $92.71 on Friday. The company has a current ratio of 1.84, a quick ratio of 0.87 and a debt-to-equity ratio of 0.43. Textron Inc. has a 1 year low of $75.80 and a 1 year high of $101.57. The company has a market cap of $16.12 billion, a PE ratio of 17.73, a PEG ratio of 1.40 and a beta of 0.90. The company’s 50-day moving average is $90.94 and its two-hundred day moving average is $91.08.

Textron (NYSE:TXT) last announced its quarterly 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. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.50 billion. Textron had a net margin of 6.15% and a return on equity of 14.56%. Textron’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period last year, the company posted $1.28 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities analysts anticipate that Textron Inc. will post 6.6 earnings per share for the current year.

Textron Dividend Announcement

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

Insider Buying and Selling

In other news, Director R Kerry Clark sold 2,517 shares of Textron stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total transaction of $234,307.53. Following the transaction, the director owned 8,611 shares in the company, valued at $801,597.99. The trade was a 22.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thomas A. Kennedy acquired 10,300 shares of the business’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 acquisition, the director directly owned 20,162 shares in the company, valued at $1,935,148.76. This represents a 104.44% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TXT shares. UBS Group increased their price objective on shares of Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Citigroup increased their price objective on shares of Textron from $97.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Morgan Stanley set a $109.00 price objective on shares of Textron in a report on Monday, May 4th. TD Cowen raised shares of Textron from a “hold” rating to a “buy” rating in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.