Textron Inc. $TXT Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its stake in Textron Inc. (NYSE:TXT) by 0.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,975,225 shares of the aerospace company’s stock after selling 25,172 shares during the period. Victory Capital Management Inc.’s holdings in Textron were worth $346,520,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Ieq Capital LLC increased its position in shares of Textron by 84.4% in the 4th quarter. Ieq Capital LLC now owns 366,045 shares of the aerospace company’s stock worth $31,908,000 after purchasing an additional 167,486 shares during the last quarter. Storgate LLC bought a new stake in shares of Textron in the 4th quarter worth about $917,000. Martingale Asset Management L P increased its position in shares of Textron by 3.6% in the 4th quarter. Martingale Asset Management L P now owns 187,214 shares of the aerospace company’s stock worth $16,319,000 after purchasing an additional 6,567 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Textron by 1.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 723,368 shares of the aerospace company’s stock worth $63,056,000 after purchasing an additional 8,023 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Textron by 35.7% in the 4th quarter. Wells Fargo & Company MN now owns 329,782 shares of the aerospace company’s stock worth $28,747,000 after purchasing an additional 86,728 shares during the last quarter. Institutional investors own 86.03% of the company’s stock.

Insider Activity

In other news, Director Thomas A. Kennedy bought 10,300 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was purchased at an average price of $95.98 per share, for a total transaction of $988,594.00. Following the transaction, the director 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 purchase was disclosed in a filing with the SEC, which is accessible 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 transaction, the director owned 8,611 shares of the company’s stock, valued at approximately $801,597.99. This trade represents a 22.62% decrease in their position. The SEC filing for this sale provides additional information. 1.90% of the stock is currently owned by corporate insiders.

Textron Price Performance

TXT opened at $92.71 on Friday. The firm has a market cap of $16.12 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 1.40 and a beta of 0.90. Textron Inc. has a fifty-two week low of $75.80 and a fifty-two week high of $101.57. The company’s 50-day moving average price is $90.94 and its 200 day moving average price is $91.08. 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 released its quarterly earnings data on Thursday, April 30th. The aerospace company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.15. The firm had revenue of $3.70 billion for 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%. Textron’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.28 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, sell-side analysts expect that Textron Inc. will post 6.6 earnings per share for the current year.

Textron Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be given a $0.02 dividend. The ex-dividend date is Friday, June 12th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s dividend payout ratio is 1.53%.

Analysts Set New Price Targets

TXT has been the subject of several research analyst reports. Sanford C. Bernstein boosted their target price on shares of Textron from $94.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday, February 19th. JPMorgan Chase & Co. boosted their target price on shares of Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Jefferies Financial Group reissued a “buy” rating on shares of Textron in a research report on Sunday, May 3rd. Weiss Ratings upgraded shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Finally, TD Cowen upgraded shares of Textron from a “hold” rating to a “buy” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Textron currently has an average rating of “Moderate Buy” and an average target price of $101.18.

Textron Company 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.