Textron Inc. $TXT Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in Textron Inc. (NYSE:TXT) by 40.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 253,654 shares of the aerospace company’s stock after selling 175,838 shares during the period. SG Americas Securities LLC’s holdings in Textron were worth $22,210,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Textron during the 1st quarter worth $34,274,000. BI Asset Management Fondsmaeglerselskab A S raised its position in Textron by 249.8% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 68,234 shares of the aerospace company’s stock valued at $5,975,000 after purchasing an additional 48,726 shares during the period. Rockefeller Capital Management L.P. lifted its stake in shares of Textron by 2.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 42,774 shares of the aerospace company’s stock worth $3,729,000 after purchasing an additional 1,117 shares in the last quarter. Corient Private Wealth LLC lifted its stake in shares of Textron by 13.2% during the fourth quarter. Corient Private Wealth LLC now owns 39,204 shares of the aerospace company’s stock worth $3,418,000 after purchasing an additional 4,571 shares in the last quarter. Finally, Pure Financial Advisors LLC boosted its position in shares of Textron by 24.9% in the fourth quarter. Pure Financial Advisors LLC now owns 3,545 shares of the aerospace company’s stock worth $309,000 after buying an additional 707 shares during the period. Institutional investors and hedge funds own 86.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. UBS Group increased their target price on Textron from $99.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Jefferies Financial Group restated a “buy” rating on shares of Textron in a report on Sunday, May 3rd. Citigroup increased their price objective on shares of Textron from $97.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. Weiss Ratings upgraded shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $101.18.

Insider Buying and Selling

In related news, Director R Kerry Clark sold 2,517 shares of Textron stock in a transaction 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 completion of the sale, the director owned 8,611 shares in the company, valued at approximately $801,597.99. The trade was a 22.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas A. Kennedy purchased 10,300 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average cost of $95.98 per share, for a total transaction of $988,594.00. Following the completion of the acquisition, the director directly owned 20,162 shares of the company’s stock, valued at $1,935,148.76. This represents a 104.44% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.90% of the stock is currently owned by company insiders.

Textron Stock Up 0.3%

Shares of NYSE TXT opened at $86.64 on Thursday. 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 1 year low of $75.80 and a 1 year high of $101.57. The stock’s 50-day simple moving average is $90.93 and its 200-day simple moving average is $91.52. The firm has a market cap of $15.07 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 1.29 and a beta of 0.90.

Textron (NYSE:TXT) last issued its quarterly earnings results on Thursday, April 30th. The aerospace company reported $1.45 EPS 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 firm had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the prior year, the business 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. As a group, equities analysts anticipate that Textron Inc. will post 6.6 earnings per share for the current fiscal year.

Textron Announces Dividend

The business 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 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 dividend yield of 0.1%. Textron’s dividend payout ratio (DPR) is presently 1.53%.

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.