Gamco Investors INC. ET AL Sells 88,642 Shares of Textron Inc. $TXT

Gamco Investors INC. ET AL cut its holdings in Textron Inc. (NYSE:TXT) by 6.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,292,180 shares of the aerospace company’s stock after selling 88,642 shares during the period. Textron makes up 1.1% of Gamco Investors INC. ET AL’s portfolio, making the stock its 11th largest position. Gamco Investors INC. ET AL’s holdings in Textron were worth $113,143,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Activest Wealth Management increased its stake in shares of Textron by 3,255.6% in the 4th quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 293 shares in the last quarter. Wilkerson Advisory Group LLC purchased a new position in Textron during the 4th quarter valued at about $26,000. Cedar Mountain Advisors LLC bought a new stake in Textron during the first quarter worth about $29,000. Elyxium Wealth LLC bought a new stake in Textron during the fourth quarter worth about $30,000. Finally, Strive Financial Group LLC purchased a new stake in Textron in the fourth quarter worth about $31,000. 86.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TXT has been the subject of a number of analyst reports. Wall Street Zen raised shares of Textron from a “hold” rating to a “buy” rating in a research note on Monday, July 20th. JPMorgan Chase & Co. boosted their price target on Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Morgan Stanley set a $97.00 price target on Textron in a research note on Wednesday, July 15th. Citigroup raised 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. Finally, Weiss Ratings upgraded Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. One equities 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $103.10.

Textron Stock Up 2.5%

Shares of Textron stock opened at $95.49 on Friday. The company has a 50-day simple moving average of $91.08 and a two-hundred day simple moving average of $92.04. The stock has a market capitalization of $16.60 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 1.39 and a beta of 0.90. Textron Inc. has a 52-week low of $75.80 and a 52-week high of $101.57. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.87 and a current ratio of 1.84.

Textron (NYSE:TXT) last posted its quarterly earnings results on Thursday, April 30th. The aerospace company reported $1.45 EPS for the quarter, beating 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 $3.69 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the prior year, the company posted $1.28 earnings per share. The business’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. On average, analysts anticipate that Textron Inc. will post 6.6 EPS for the current fiscal year.

Textron Announces Dividend

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

Insiders Place Their Bets

In other Textron news, Director Thomas A. Kennedy bought 10,300 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was acquired at an average price of $95.98 per share, with a total value of $988,594.00. Following the transaction, the director owned 20,162 shares in the company, valued at $1,935,148.76. This represents a 104.44% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director R Kerry Clark sold 2,517 shares of the company’s stock in a transaction dated 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 owned 8,611 shares in the company, valued at $801,597.99. This represents a 22.62% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.90% of the stock is currently owned by company insiders.

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.