Gabelli Funds LLC Cuts Stock Position in Textron Inc. $TXT

Gabelli Funds LLC cut its position in shares of Textron Inc. (NYSE:TXT) by 1.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 972,090 shares of the aerospace company’s stock after selling 17,950 shares during the quarter. Gabelli Funds LLC’s holdings in Textron were worth $85,116,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Goldman Sachs Group Inc. raised its position in Textron by 22.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,191,811 shares of the aerospace company’s stock worth $103,890,000 after purchasing an additional 218,201 shares during the period. New York State Teachers Retirement System boosted its position in Textron by 10.7% during the fourth quarter. New York State Teachers Retirement System now owns 156,485 shares of the aerospace company’s stock valued at $13,641,000 after buying an additional 15,159 shares during the period. National Pension Service grew its stake in shares of Textron by 17.5% during the fourth quarter. National Pension Service now owns 98,656 shares of the aerospace company’s stock valued at $8,600,000 after buying an additional 14,701 shares during the last quarter. Econ Financial Services Corp bought a new position in shares of Textron during the fourth quarter valued at about $1,879,000. Finally, Bfsg LLC purchased a new position in shares of Textron in the fourth quarter worth about $7,255,000. 86.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. TD Cowen lowered their target price on Textron from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Citigroup lifted their price target on Textron from $97.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. Jefferies Financial Group reiterated a “buy” rating on shares of Textron in a research report on Sunday, May 3rd. Wall Street Zen raised Textron from a “hold” rating to a “buy” rating in a research note on Monday, July 20th. Finally, Weiss Ratings upgraded shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $103.10.

Textron Stock Performance

Textron stock opened at $95.49 on Friday. The company has a current ratio of 1.84, a quick ratio of 0.87 and a debt-to-equity ratio of 0.43. The firm has a market cap of $16.60 billion, a P/E ratio of 18.26, a P/E/G ratio of 1.39 and a beta of 0.90. Textron Inc. has a 1-year low of $75.80 and a 1-year high of $101.57. The firm has a 50-day moving average of $91.08 and a 200-day moving average of $92.04.

Textron (NYSE:TXT) last announced its quarterly 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 $3.69 billion for the quarter, compared to the consensus estimate of $3.50 billion. Textron had a return on equity of 14.56% and a net margin of 6.15%.Textron’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.28 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Sell-side analysts expect that Textron Inc. will post 6.6 EPS for the current year.

Textron Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Textron’s payout ratio is 1.53%.

Insider Activity at Textron

In related news, Director Thomas A. Kennedy purchased 10,300 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average price of $95.98 per share, for a total transaction of $988,594.00. Following the completion of the acquisition, the director directly owned 20,162 shares in the company, valued at approximately $1,935,148.76. The trade was a 104.44% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director R Kerry Clark sold 2,517 shares of the business’s 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 transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. 1.90% of the stock is currently owned by insiders.

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.