Natixis Advisors LLC Buys 9,824 Shares of Textron Inc. $TXT

Natixis Advisors LLC grew its stake in Textron Inc. (NYSE:TXT) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 284,012 shares of the aerospace company’s stock after purchasing an additional 9,824 shares during the quarter. Natixis Advisors LLC owned approximately 0.16% of Textron worth $24,757,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Capital Management Corp VA lifted its holdings in Textron by 1.0% during the fourth quarter. Capital Management Corp VA now owns 12,477 shares of the aerospace company’s stock worth $1,088,000 after acquiring an additional 120 shares during the period. Root Financial Partners LLC lifted its holdings in Textron by 24.5% during the fourth quarter. Root Financial Partners LLC now owns 630 shares of the aerospace company’s stock worth $55,000 after acquiring an additional 124 shares during the period. Glenmede Investment Management LP lifted its holdings in Textron by 1.0% during the third quarter. Glenmede Investment Management LP now owns 14,123 shares of the aerospace company’s stock worth $1,193,000 after acquiring an additional 142 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Textron by 18.8% during the second quarter. Geneos Wealth Management Inc. now owns 998 shares of the aerospace company’s stock worth $80,000 after acquiring an additional 158 shares during the period. Finally, Assetmark Inc. lifted its holdings 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. 86.03% of the stock is currently owned by institutional investors.

Textron Stock Performance

Shares of TXT opened at $90.99 on Friday. The firm has a market cap of $15.82 billion, a PE ratio of 17.40, a PEG ratio of 1.37 and a beta of 0.90. The stock’s fifty day moving average price is $90.46 and its two-hundred day moving average price is $90.64. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.84 and a quick ratio of 0.87. Textron Inc. has a 1 year low of $73.97 and a 1 year high of $101.57.

Textron (NYSE:TXT) last issued its 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. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.50 billion. Textron had a return on equity of 14.56% and a net margin of 6.15%.The business’s revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.28 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, equities research analysts forecast that Textron Inc. will post 6.6 EPS for the current year.

Textron Announces Dividend

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

Insiders Place Their Bets

In related news, Director R Kerry Clark sold 2,517 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total transaction of $234,307.53. Following the sale, the director directly owned 8,611 shares in the company, valued at approximately $801,597.99. The trade was a 22.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas A. Kennedy acquired 10,300 shares of the firm’s stock in a transaction that occurred on 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 completion of the purchase, the director owned 20,162 shares in the company, valued at $1,935,148.76. This trade represents a 104.44% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TXT shares. Citigroup lifted their price target on Textron from $97.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Wells Fargo & Company started coverage on Textron in a report on Wednesday, April 1st. They set an “equal weight” rating and a $92.00 price target on the stock. TD Cowen upgraded Textron from a “hold” rating to a “buy” rating in a report on Thursday, April 30th. Morgan Stanley set a $109.00 price target on Textron in a report on Monday, May 4th. Finally, UBS Group lifted their price target on Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $101.18.

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.