NorthCrest Asset Manangement LLC Increases Stock Holdings in Textron Inc. $TXT

NorthCrest Asset Manangement LLC boosted its stake in Textron Inc. (NYSE:TXT) by 54.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,394 shares of the aerospace company’s stock after acquiring an additional 6,127 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Textron were worth $1,548,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. State Street Corp raised its holdings in Textron by 2.4% in the 3rd quarter. State Street Corp now owns 9,220,307 shares of the aerospace company’s stock worth $779,205,000 after purchasing an additional 212,857 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Textron by 1.7% during the 3rd quarter. Invesco Ltd. now owns 8,270,901 shares of the aerospace company’s stock valued at $698,808,000 after purchasing an additional 140,713 shares in the last quarter. Boston Partners increased its position in shares of Textron by 0.9% during the third quarter. Boston Partners now owns 7,257,533 shares of the aerospace company’s stock valued at $613,327,000 after buying an additional 66,747 shares during the period. AQR Capital Management LLC increased its position in shares of Textron by 33.1% during the third quarter. AQR Capital Management LLC now owns 3,545,395 shares of the aerospace company’s stock valued at $298,239,000 after buying an additional 880,783 shares during the period. Finally, Brandes Investment Partners LP raised its stake in Textron by 19.9% in the second quarter. Brandes Investment Partners LP now owns 2,714,466 shares of the aerospace company’s stock worth $217,945,000 after buying an additional 451,017 shares in the last quarter. 86.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Textron

In other Textron 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 transaction, the vice president owned 7,872 shares in the company, valued at approximately $771,141.12. The trade was a 71.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Julie G. Duffy sold 19,857 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $98.70, for a total value of $1,959,885.90. Following the completion of the sale, the executive vice president directly owned 37,039 shares in the company, valued at $3,655,749.30. This trade 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 304,473 shares of company stock valued at $29,976,723 in the last ninety days. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Freedom Capital upgraded shares of Textron to a “strong-buy” rating in a report on Friday, January 16th. Morgan Stanley set a $92.00 target price on Textron in a report on Thursday, January 29th. Sanford C. Bernstein increased their target price on Textron from $94.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday, February 19th. Wall Street Zen cut Textron from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. Finally, Citigroup dropped their price target on Textron from $107.00 to $97.00 and set a “neutral” rating on the stock in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Textron currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.60.

Textron Trading Up 0.3%

NYSE:TXT opened at $89.03 on Tuesday. The firm has a market capitalization of $15.50 billion, a P/E ratio of 17.42, a PEG ratio of 1.34 and a beta of 0.95. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.97 and a quick ratio of 0.99. Textron Inc. has a one year low of $57.70 and a one year high of $101.57. The company’s 50-day simple moving average is $94.46 and its 200 day simple moving average is $87.76.

Textron (NYSE:TXT) last announced its earnings results on Wednesday, January 28th. The aerospace company reported $1.73 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $4.11 billion. During the same period in the prior year, the business posted $1.34 EPS. Textron’s revenue for the quarter 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, analysts forecast that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Announces Dividend

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

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.