Waddell & Associates LLC Takes Position in Textron Inc. $TXT

Waddell & Associates LLC bought a new position in shares of Textron Inc. (NYSE:TXT) during the fourth quarter, Holdings Channel.com reports. The fund bought 5,470 shares of the aerospace company’s stock, valued at approximately $477,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Activest Wealth Management increased its position in Textron by 3,255.6% during the fourth quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 293 shares during the period. Elyxium Wealth LLC bought a new position in Textron during the fourth quarter worth $30,000. Accredited Wealth Management LLC increased its position in Textron by 804.0% during the third quarter. Accredited Wealth Management LLC now owns 452 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 402 shares during the period. Assetmark Inc. increased its position in Textron by 52.2% during the third quarter. Assetmark Inc. now owns 493 shares of the aerospace company’s stock worth $42,000 after acquiring an additional 169 shares during the period. Finally, Optiver Holding B.V. bought a new position in Textron during the third quarter worth $45,000. Institutional investors own 86.03% of the company’s stock.

Insiders Place Their Bets

In other news, Director Thomas A. Kennedy bought 10,300 shares of Textron stock in a transaction dated Friday, May 1st. The shares were bought at an average price of $95.98 per share, for a total transaction of $988,594.00. Following the purchase, the director owned 20,162 shares of the company’s stock, valued at approximately $1,935,148.76. This trade represents a 104.44% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 completion of the sale, the director owned 8,611 shares in the company, valued at $801,597.99. This represents a 22.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.90% of the stock is owned by insiders.

Textron Stock Up 1.9%

TXT opened at $93.13 on Wednesday. Textron Inc. has a fifty-two week low of $75.75 and a fifty-two week high of $101.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.84 and a quick ratio of 0.87. The firm’s fifty day moving average price is $90.63 and its two-hundred day moving average price is $90.90. The company has a market capitalization of $16.19 billion, a P/E ratio of 17.81, a P/E/G ratio of 1.37 and a beta of 0.90.

Textron (NYSE:TXT) last posted its quarterly earnings results on Thursday, April 30th. The aerospace company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.15. Textron had a net margin of 6.15% and a return on equity of 14.56%. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the previous year, the company earned $1.28 earnings per share. The business’s revenue was up 11.8% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, analysts anticipate that Textron Inc. will post 6.6 EPS for the current year.

Textron Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Sanford C. Bernstein boosted their target price on shares of Textron from $94.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday, February 19th. UBS Group boosted their target price on shares of Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Wells Fargo & Company assumed coverage on shares of Textron in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $92.00 target price on the stock. Morgan Stanley set a $109.00 target price on shares of Textron in a research report on Monday, May 4th. Finally, TD Cowen raised shares of Textron from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Textron has an average rating of “Hold” and an average target price of $101.18.

Textron 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.