Insider Selling: Textron (NYSE:TXT) VP Sells $940,716.44 in Stock

Textron Inc. (NYSE:TXT) VP Mark Bamford sold 9,533 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $98.68, for a total value of $940,716.44. Following the completion of the transaction, the vice president directly owned 17,072 shares of the company’s stock, valued at approximately $1,684,664.96. The trade was a 35.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Textron Trading Up 1.7%

NYSE TXT opened at $100.76 on Friday. Textron Inc. has a one year low of $57.70 and a one year high of $101.57. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.97 and a quick ratio of 0.99. The firm has a market cap of $17.55 billion, a P/E ratio of 19.72, a P/E/G ratio of 1.49 and a beta of 0.99. The stock’s 50-day moving average is $92.32 and its 200-day moving average is $85.49.

Textron (NYSE:TXT) last issued its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $1.73 earnings per share (EPS) 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 analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.34 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Sell-side analysts anticipate that Textron Inc. will post 6.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Textron

A number of large investors have recently modified their holdings of the business. Evansbrook LLC acquired a new stake in shares of Textron in the fourth quarter valued at about $380,000. Corient Private Wealth LLC grew its stake in Textron by 70.5% in the fourth quarter. Corient Private Wealth LLC now owns 59,035 shares of the aerospace company’s stock valued at $5,146,000 after purchasing an additional 24,402 shares in the last quarter. Strive Financial Group LLC acquired a new position in shares of Textron during the 4th quarter worth approximately $31,000. Mercer Global Advisors Inc. ADV raised its stake in shares of Textron by 76.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 69,787 shares of the aerospace company’s stock worth $6,083,000 after purchasing an additional 30,216 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Textron in the 4th quarter valued at approximately $1,751,000. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TXT has been the topic of a number of research analyst reports. Freedom Capital upgraded shares of Textron to a “strong-buy” rating in a report on Friday, January 16th. Citigroup lowered their target price on Textron from $107.00 to $97.00 and set a “neutral” rating for the company in a report on Thursday, January 29th. Sanford C. Bernstein boosted their price target on Textron from $94.00 to $108.00 and gave the company a “market perform” rating in a report on Thursday. UBS Group upped their price objective on Textron from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. Finally, TD Cowen decreased their price objective on Textron from $95.00 to $90.00 and set a “hold” rating for the company in a report on Friday, October 24th. One equities research 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $98.60.

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.