212,469 Shares in Textron Inc. $TXT Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in shares of Textron Inc. (NYSE:TXT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 212,469 shares of the aerospace company’s stock, valued at approximately $18,521,000.

A number of other large investors have also recently added to or reduced their stakes in TXT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Textron by 13.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,522 shares of the aerospace company’s stock worth $1,049,000 after purchasing an additional 1,709 shares during the period. Empowered Funds LLC boosted its stake in Textron by 6.3% in the 1st quarter. Empowered Funds LLC now owns 21,397 shares of the aerospace company’s stock worth $1,546,000 after purchasing an additional 1,265 shares during the period. Focus Partners Wealth boosted its stake in Textron by 18.0% in the 1st quarter. Focus Partners Wealth now owns 4,814 shares of the aerospace company’s stock worth $348,000 after purchasing an additional 735 shares during the period. Sivia Capital Partners LLC acquired a new position in Textron in the 2nd quarter worth approximately $453,000. Finally, Baird Financial Group Inc. boosted its stake in Textron by 15.3% in the 2nd quarter. Baird Financial Group Inc. now owns 19,171 shares of the aerospace company’s stock worth $1,539,000 after purchasing an additional 2,548 shares during the period. 86.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. Morgan Stanley set a $109.00 price objective on shares of Textron in a research note on Monday, May 4th. Citigroup raised their price objective on shares of Textron from $97.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. TD Cowen raised shares of Textron from a “hold” rating to a “buy” rating in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Textron has a consensus rating of “Hold” and an average target price of $101.18.

Textron Trading Up 1.8%

Shares of NYSE:TXT opened at $91.88 on Friday. The firm has a fifty day moving average of $90.20 and a two-hundred day moving average of $89.92. The firm has a market capitalization of $15.98 billion, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 1.37 and a beta of 0.93. Textron Inc. has a 12-month low of $72.00 and a 12-month high of $101.57. The company has a quick ratio of 0.87, a current ratio of 1.84 and a debt-to-equity ratio of 0.43.

Textron (NYSE:TXT) last issued its earnings results on Thursday, April 30th. The aerospace company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.15. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.50 billion. Textron had a net margin of 6.15% and a return on equity of 14.56%. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the business posted $1.28 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, equities analysts expect that Textron Inc. will post 6.6 EPS for the current fiscal year.

Textron Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be paid 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 1.53%.

Insiders Place Their Bets

In other Textron 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 transaction of $234,307.53. Following the completion of the sale, the director owned 8,611 shares of the company’s stock, valued at $801,597.99. This trade represents a 22.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Thomas A. Kennedy bought 10,300 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were bought at an average cost of $95.98 per share, with a total value of $988,594.00. Following the purchase, the director directly owned 20,162 shares in the company, valued at approximately $1,935,148.76. This trade represents a 104.44% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.90% of the company’s stock.

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.