Gamco Investors INC. ET AL Sells 35,088 Shares of Textron Inc. $TXT

Gamco Investors INC. ET AL decreased its stake in shares of Textron Inc. (NYSE:TXT) by 2.5% during the 3rd quarter, Holdings Channel reports. The firm owned 1,390,057 shares of the aerospace company’s stock after selling 35,088 shares during the period. Textron comprises about 1.1% of Gamco Investors INC. ET AL’s investment portfolio, making the stock its 12th biggest position. Gamco Investors INC. ET AL’s holdings in Textron were worth $117,446,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TXT. True Wealth Design LLC boosted its holdings in shares of Textron by 388.5% in the 3rd quarter. True Wealth Design LLC now owns 298 shares of the aerospace company’s stock valued at $25,000 after buying an additional 237 shares during the last quarter. Assetmark Inc. increased its holdings in Textron by 191.9% during the second quarter. Assetmark Inc. now owns 324 shares of the aerospace company’s stock worth $26,000 after buying an additional 213 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in Textron during the second quarter worth $27,000. Quent Capital LLC bought a new stake in Textron during the third quarter worth $33,000. Finally, Accredited Wealth Management LLC lifted its stake in Textron by 804.0% in the third quarter. Accredited Wealth Management LLC now owns 452 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 402 shares during the last quarter. Institutional investors own 86.03% of the company’s stock.

Analyst Upgrades and Downgrades

TXT has been the subject of a number of analyst reports. Weiss Ratings raised shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. UBS Group upped their target price on shares of Textron from $89.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, January 15th. Sanford C. Bernstein lifted their price target on Textron from $94.00 to $108.00 and gave the stock a “market perform” rating in a report on Thursday, February 19th. Morgan Stanley set a $92.00 price target on Textron in a research report on Thursday, January 29th. Finally, Wall Street Zen lowered Textron from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. One equities 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’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $98.60.

Textron Trading Down 1.4%

Shares of Textron stock opened at $95.01 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.97 and a quick ratio of 0.99. The business has a fifty day simple moving average of $94.14 and a two-hundred day simple moving average of $86.85. Textron Inc. has a 1 year low of $57.70 and a 1 year high of $101.57. The company has a market capitalization of $16.55 billion, a price-to-earnings ratio of 18.59, a P/E/G ratio of 1.46 and a beta of 0.95.

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

Textron Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be paid a $0.02 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Textron’s dividend payout ratio is 1.57%.

Insider Transactions at Textron

In other news, CEO Lisa M. Atherton sold 7,600 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $98.68, for a total transaction of $749,968.00. Following the completion of the sale, the chief executive officer owned 29,473 shares in the company, valued at $2,908,395.64. The trade was a 20.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Mark S. Bamford sold 19,808 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $97.96, for a total value of $1,940,391.68. Following the completion of the transaction, the vice president directly owned 7,872 shares in the company, valued at $771,141.12. The trade was a 71.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 304,473 shares of company stock worth $29,976,723. 1.70% of the stock is currently owned by insiders.

Textron 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.