Mark Bamford Sells 19,808 Shares of Textron (NYSE:TXT) Stock

Textron Inc. (NYSE:TXT) VP Mark Bamford sold 19,808 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $97.96, for a total transaction of $1,940,391.68. Following the completion of the transaction, the vice president directly owned 7,872 shares of the company’s stock, valued at approximately $771,141.12. This represents a 71.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Textron Stock Performance

NYSE TXT traded up $0.59 during trading hours on Wednesday, reaching $100.29. The stock had a trading volume of 1,997,232 shares, compared to its average volume of 2,046,651. Textron Inc. has a 52-week low of $57.70 and a 52-week high of $101.57. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.99 and a current ratio of 1.97. The stock has a market cap of $17.47 billion, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 1.48 and a beta of 0.99. The stock has a fifty day moving average of $91.50 and a 200 day moving average of $85.13.

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 company had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.11 billion. Textron had a return on equity of 14.63% and a net margin of 6.22%.Textron’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.34 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Sell-side analysts predict that Textron Inc. will post 6.12 earnings per share for the current year.

Analysts Set New Price Targets

TXT has been the subject of a number of recent analyst reports. Citigroup cut their price objective on shares of Textron from $107.00 to $97.00 and set a “neutral” rating for the company in a report on Thursday, January 29th. Wall Street Zen cut Textron from a “strong-buy” rating to a “buy” rating in a report on Friday, January 23rd. Sanford C. Bernstein reissued a “market perform” rating and issued a $94.00 price objective on shares of Textron in a report on Tuesday, January 6th. Weiss Ratings upgraded Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. Finally, UBS Group lifted their price target 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. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Textron currently has an average rating of “Moderate Buy” and a consensus target price of $97.20.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. True Wealth Design LLC boosted its stake in Textron by 388.5% during the third quarter. True Wealth Design LLC now owns 298 shares of the aerospace company’s stock worth $25,000 after buying an additional 237 shares during the last quarter. Assetmark Inc. boosted its position in shares of Textron by 191.9% during the 2nd quarter. Assetmark Inc. now owns 324 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 213 shares during the last quarter. Activest Wealth Management grew its holdings in shares of Textron by 3,255.6% in the fourth quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 293 shares during the period. Wilkerson Advisory Group LLC acquired a new stake in Textron during the fourth quarter worth about $26,000. Finally, Atlantic Union Bankshares Corp purchased a new position in Textron during the second quarter worth about $27,000. 86.03% of the stock is currently owned by institutional investors and hedge funds.

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.