R Kerry Clark Sells 2,517 Shares of Textron (NYSE:TXT) Stock

Textron Inc. (NYSE:TXT) Director R Kerry Clark sold 2,517 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $93.09, for a total value of $234,307.53. Following the sale, the director directly owned 8,611 shares of the company’s stock, valued at $801,597.99. This represents a 22.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Textron Stock Performance

NYSE:TXT traded down $1.55 during mid-day trading on Thursday, hitting $91.54. 1,192,306 shares of the company traded hands, compared to its average volume of 1,664,444. The stock’s fifty day moving average price is $91.71 and its 200-day moving average price is $89.17. Textron Inc. has a one year low of $70.52 and a one year high of $101.57. The company has a quick ratio of 0.87, a current ratio of 1.84 and a debt-to-equity ratio of 0.43. The firm has a market cap of $15.92 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 1.37 and a beta of 0.93.

Textron (NYSE:TXT) last released its quarterly earnings results on Thursday, April 30th. The aerospace company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.15. Textron had a return on equity of 14.56% and a net margin of 6.15%.The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the previous year, the company posted $1.28 earnings per share. Textron’s revenue for the quarter was up 11.8% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Research analysts anticipate that Textron Inc. will post 6.58 earnings per share for the current fiscal year.

Textron Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. UBS Group boosted their price objective on Textron from $99.00 to $100.00 and gave the company a “buy” rating in a research report on Monday. Citigroup boosted their price objective on Textron from $97.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. Sanford C. Bernstein boosted their target price on Textron from $94.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday, February 19th. Susquehanna reiterated a “positive” rating and issued a $110.00 target price on shares of Textron in a research report on Thursday, January 15th. Finally, Morgan Stanley set a $109.00 target price on Textron in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.18.

Institutional Investors Weigh In On Textron

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TXT. Activest Wealth Management grew its stake in shares of Textron by 3,255.6% during the fourth quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock valued at $26,000 after buying an additional 293 shares during the last quarter. Wilkerson Advisory Group LLC bought a new position in shares of Textron during the fourth quarter valued at approximately $26,000. Cedar Mountain Advisors LLC bought a new position in shares of Textron during the first quarter valued at approximately $29,000. Elyxium Wealth LLC bought a new position in shares of Textron during the fourth quarter valued at approximately $30,000. Finally, Strive Financial Group LLC bought a new position in shares of Textron during the fourth quarter valued at approximately $31,000. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

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.