Storgate LLC Invests $917,000 in Textron Inc. $TXT

Storgate LLC acquired a new position in Textron Inc. (NYSE:TXT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,519 shares of the aerospace company’s stock, valued at approximately $917,000. Textron comprises approximately 0.8% of Storgate LLC’s holdings, making the stock its 17th biggest position.

A number of other institutional investors and hedge funds have also modified their holdings of TXT. AQR Capital Management LLC lifted its stake in shares of Textron by 144.1% in the second quarter. AQR Capital Management LLC now owns 2,664,612 shares of the aerospace company’s stock worth $213,942,000 after buying an additional 1,573,206 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its stake in shares of Textron by 270.7% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,005,843 shares of the aerospace company’s stock worth $80,759,000 after buying an additional 734,478 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Textron in the third quarter worth $56,255,000. SG Americas Securities LLC lifted its stake in shares of Textron by 8,087.0% in the fourth quarter. SG Americas Securities LLC now owns 429,492 shares of the aerospace company’s stock worth $37,439,000 after buying an additional 424,246 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Textron by 18.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,551,781 shares of the aerospace company’s stock worth $222,455,000 after buying an additional 405,314 shares during the last quarter. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Textron Trading Down 1.1%

Shares of TXT stock opened at $92.71 on Friday. Textron Inc. has a 52-week low of $75.80 and a 52-week high of $101.57. The stock has a market cap of $16.12 billion, a price-to-earnings ratio of 17.73, a P/E/G ratio of 1.40 and a beta of 0.90. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.87 and a current ratio of 1.84. The firm has a fifty day moving average of $90.94 and a 200-day moving average of $91.08.

Textron (NYSE:TXT) last announced its quarterly earnings data 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. Textron had a net margin of 6.15% and a return on equity of 14.56%. The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the prior year, the company posted $1.28 EPS. The business’s revenue was up 11.8% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, equities research analysts forecast that Textron Inc. will post 6.6 earnings per share for the current fiscal year.

Textron Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be paid a $0.02 dividend. The ex-dividend date 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 is currently 1.53%.

Insiders Place Their Bets

In other Textron news, Director Thomas A. Kennedy acquired 10,300 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was bought at an average price of $95.98 per share, for a total transaction of $988,594.00. Following the purchase, the director owned 20,162 shares in the company, valued at $1,935,148.76. This represents a 104.44% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director R Kerry Clark sold 2,517 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total transaction of $234,307.53. Following the completion of the sale, the director directly owned 8,611 shares in the company, valued at approximately $801,597.99. The trade was a 22.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TXT. JPMorgan Chase & Co. boosted 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. Sanford C. Bernstein boosted their price objective on shares of Textron from $94.00 to $108.00 and gave the stock a “market perform” rating in a research note on Thursday, February 19th. Weiss Ratings upgraded shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Wells Fargo & Company assumed coverage on shares of Textron in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $92.00 price objective for the company. Finally, TD Cowen upgraded shares of Textron from a “hold” rating to a “buy” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $101.18.

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.