Insider Selling: Textron (NYSE:TXT) EVP Sells 28,056 Shares of Stock

Textron Inc. (NYSE:TXT) EVP E Robert Lupone sold 28,056 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $98.84, for a total transaction of $2,773,055.04. Following the transaction, the executive vice president owned 103,991 shares of the company’s stock, valued at $10,278,470.44. The trade was a 21.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Textron Stock Up 0.6%

TXT stock traded up $0.59 during midday trading on Wednesday, hitting $100.29. The company’s stock had a trading volume of 1,997,232 shares, compared to its average volume of 2,046,651. The company’s fifty day moving average price is $91.50 and its 200 day moving average price is $85.13. Textron Inc. has a twelve month low of $57.70 and a twelve month 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 stock has a market capitalization of $17.47 billion, a P/E ratio of 19.63, a PEG ratio of 1.48 and a beta of 0.99.

Textron (NYSE:TXT) last released its earnings results 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 company had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.11 billion. Textron had a return on equity of 14.63% and a net margin of 6.22%.The business’s revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.34 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, equities research analysts predict that Textron Inc. will post 6.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Textron from $88.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th. Sanford C. Bernstein reiterated a “market perform” rating and set a $94.00 target price on shares of Textron in a research note on Tuesday, January 6th. Jefferies Financial Group restated a “buy” rating on shares of Textron in a research note on Wednesday. UBS Group lifted their price objective on shares of Textron from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. Finally, Citigroup dropped their price objective on shares of Textron from $107.00 to $97.00 and set a “neutral” rating on the stock in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $97.20.

Institutional Investors Weigh In On Textron

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC grew its position in Textron by 51.1% during the fourth quarter. AQR Capital Management LLC now owns 5,357,182 shares of the aerospace company’s stock worth $466,986,000 after buying an additional 1,811,787 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in shares of Textron by 270.7% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,005,843 shares of the aerospace company’s stock worth $80,759,000 after purchasing an additional 734,478 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in shares of Textron in the third quarter worth $56,255,000. Arrowstreet Capital Limited Partnership raised its stake in Textron by 62.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,231,492 shares of the aerospace company’s stock valued at $98,876,000 after purchasing an additional 471,274 shares in the last quarter. Finally, Brandes Investment Partners LP lifted its position in Textron by 19.9% during the second quarter. Brandes Investment Partners LP now owns 2,714,466 shares of the aerospace company’s stock worth $217,945,000 after purchasing an additional 451,017 shares during the period. 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.