NEOS Investment Management LLC Purchases 8,192 Shares of Textron Inc. $TXT

NEOS Investment Management LLC raised its position in shares of Textron Inc. (NYSE:TXT) by 48.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,979 shares of the aerospace company’s stock after purchasing an additional 8,192 shares during the quarter. NEOS Investment Management LLC’s holdings in Textron were worth $2,110,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TXT. True Wealth Design LLC raised its holdings in Textron by 388.5% in the 3rd quarter. True Wealth Design LLC now owns 298 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 237 shares during the period. Assetmark Inc. boosted its holdings in Textron by 191.9% in the 2nd quarter. Assetmark Inc. now owns 324 shares of the aerospace company’s stock worth $26,000 after buying an additional 213 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in Textron in the 2nd quarter worth $27,000. Quent Capital LLC bought a new stake in Textron during the third quarter valued at about $33,000. Finally, Private Trust Co. NA lifted its position in shares of Textron by 155.6% in the third quarter. Private Trust Co. NA now owns 460 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 280 shares in the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Insider Buying and Selling

In other news, VP Mark S. Bamford sold 19,808 shares of Textron stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $97.96, for a total transaction of $1,940,391.68. Following the completion of the sale, the vice president directly owned 7,872 shares in the company, valued at approximately $771,141.12. This trade represents a 71.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Julie G. Duffy sold 19,857 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $98.70, for a total transaction of $1,959,885.90. Following the sale, the executive vice president directly owned 37,039 shares of the company’s stock, valued at $3,655,749.30. This represents a 34.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 304,473 shares of company stock worth $29,976,723 over the last ninety days. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Susquehanna reissued a “positive” rating and issued a $110.00 target price on shares of Textron in a report on Thursday, January 15th. Wall Street Zen cut Textron from a “strong-buy” rating to a “buy” rating in a report on Friday, January 23rd. UBS Group boosted their target price on Textron from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. Freedom Capital raised Textron to a “strong-buy” rating in a research note on Friday, January 16th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Textron in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Textron has a consensus rating of “Moderate Buy” and an average target price of $98.60.

Textron Price Performance

Textron stock opened at $100.76 on Friday. The firm has a 50-day moving average price of $92.32 and a 200-day moving average price of $85.49. The firm has a market capitalization of $17.55 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 1.49 and a beta of 0.99. The company has a current ratio of 1.97, a quick ratio of 0.99 and a debt-to-equity ratio of 0.49. Textron Inc. has a 12-month low of $57.70 and a 12-month high of $101.57.

Textron (NYSE:TXT) last announced its earnings results on Wednesday, January 28th. The aerospace company reported $1.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.01). Textron had a net margin of 6.22% and a return on equity of 14.63%. The business had revenue of $4.18 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter last year, the firm earned $1.34 EPS. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, equities research analysts forecast that Textron Inc. will post 6.12 EPS for the current year.

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.