Textron (NYSE:TXT) Chairman Sells $21,612,705.79 in Stock

Textron Inc. (NYSE:TXT) Chairman Scott Donnelly sold 219,619 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $98.41, for a total value of $21,612,705.79. Following the completion of the transaction, the chairman directly owned 742,418 shares in the company, valued at $73,061,355.38. This trade represents a 22.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Textron Stock Up 0.6%

Shares of TXT traded up $0.59 during mid-day trading on Wednesday, hitting $100.29. 1,997,232 shares of the company traded hands, compared to its average volume of 2,046,651. The company has a market capitalization of $17.47 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 1.48 and a beta of 0.99. The company has a quick ratio of 0.99, a current ratio of 1.97 and a debt-to-equity ratio of 0.49. The business has a 50 day moving average of $91.50 and a 200 day moving average of $85.13. Textron Inc. has a 1-year low of $57.70 and a 1-year high of $101.57.

Textron (NYSE:TXT) last announced its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $1.73 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.01). The business had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Textron had a net margin of 6.22% and a return on equity of 14.63%. Textron’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.34 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities research analysts anticipate that Textron Inc. will post 6.12 EPS for the current year.

Hedge Funds Weigh In On Textron

Several institutional investors and hedge funds have recently made changes to their positions in TXT. State Street Corp grew its holdings in shares of Textron by 2.6% during the 4th quarter. State Street Corp now owns 9,464,324 shares of the aerospace company’s stock valued at $825,193,000 after purchasing an additional 244,017 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Textron by 1.7% during the third quarter. Invesco Ltd. now owns 8,270,901 shares of the aerospace company’s stock worth $698,808,000 after buying an additional 140,713 shares in the last quarter. Boston Partners boosted its holdings in shares of Textron by 0.9% during the 3rd quarter. Boston Partners now owns 7,257,533 shares of the aerospace company’s stock valued at $613,327,000 after acquiring an additional 66,747 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Textron by 51.1% during the 4th quarter. AQR Capital Management LLC now owns 5,357,182 shares of the aerospace company’s stock valued at $466,986,000 after acquiring an additional 1,811,787 shares in the last quarter. Finally, LSV Asset Management grew its position in Textron by 7.2% during the 2nd quarter. LSV Asset Management now owns 4,153,321 shares of the aerospace company’s stock worth $333,470,000 after acquiring an additional 279,237 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Morgan Stanley set a $92.00 target price on shares of Textron in a research report on Thursday, January 29th. UBS Group upped their price objective on shares of Textron from $89.00 to $99.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. Sanford C. Bernstein reissued a “market perform” rating and issued a $94.00 price target on shares of Textron in a research note on Tuesday, January 6th. Jefferies Financial Group reissued a “buy” rating on shares of Textron in a research note on Wednesday. Finally, Wall Street Zen downgraded shares of Textron from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $97.20.

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.