Natixis Advisors LLC Increases Stake in Textron Inc. $TXT

Natixis Advisors LLC boosted its stake in Textron Inc. (NYSE:TXT) by 29.5% in the third quarter, Holdings Channel.com reports. The firm owned 274,188 shares of the aerospace company’s stock after acquiring an additional 62,523 shares during the quarter. Natixis Advisors LLC’s holdings in Textron were worth $23,166,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Grantham Mayo Van Otterloo & Co. LLC purchased a new position in Textron during the third quarter worth approximately $3,592,000. First Trust Advisors LP grew its stake in shares of Textron by 6.4% during the 3rd quarter. First Trust Advisors LP now owns 387,023 shares of the aerospace company’s stock valued at $32,699,000 after buying an additional 23,191 shares during the period. Neo Ivy Capital Management purchased a new stake in shares of Textron during the 3rd quarter valued at $562,000. Gabelli Funds LLC increased its holdings in shares of Textron by 0.7% during the 3rd quarter. Gabelli Funds LLC now owns 977,252 shares of the aerospace company’s stock worth $82,568,000 after buying an additional 6,800 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Textron by 6.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,146,467 shares of the aerospace company’s stock worth $181,348,000 after buying an additional 138,128 shares during the period. Institutional investors and hedge funds own 86.03% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Freedom Capital upgraded Textron to a “strong-buy” rating in a report on Friday, January 16th. Citigroup cut their price objective on Textron from $107.00 to $97.00 and set a “neutral” rating on the stock in a report on Thursday, January 29th. Sanford C. Bernstein lifted their price objective on Textron from $94.00 to $108.00 and gave the company a “market perform” rating in a research note on Thursday, February 19th. UBS Group boosted their target price on Textron from $89.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. Finally, Morgan Stanley set a $92.00 target price on shares of Textron in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Textron presently has an average rating of “Moderate Buy” and a consensus price target of $98.60.

Insider Activity

In other Textron news, CEO Lisa M. Atherton sold 7,600 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $98.68, for a total value of $749,968.00. Following the completion of the sale, the chief executive officer owned 29,473 shares of the company’s stock, valued at $2,908,395.64. This trade represents a 20.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Julie G. Duffy sold 19,857 shares of Textron stock in a transaction that occurred 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 owned 37,039 shares in the company, valued at $3,655,749.30. This represents a 34.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 304,473 shares of company stock worth $29,976,723 in the last ninety days. 1.70% of the stock is currently owned by company insiders.

Textron Stock Up 0.8%

Shares of Textron stock opened at $93.27 on Thursday. Textron Inc. has a twelve month low of $57.70 and a twelve month high of $101.57. The stock has a market cap of $16.24 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 1.40 and a beta of 0.95. The company has a current ratio of 1.97, a quick ratio of 0.99 and a debt-to-equity ratio of 0.49. The company has a fifty day moving average price of $94.45 and a 200 day moving average price of $87.18.

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). Textron had a net margin of 6.22% and a return on equity of 14.63%. The company had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same period last year, the business earned $1.34 earnings per share. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities research analysts forecast that Textron Inc. will post 6.12 earnings per share for the current fiscal year.

Textron Announces Dividend

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

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.