Econ Financial Services Corp Invests $1.88 Million in Textron Inc. $TXT

Econ Financial Services Corp purchased a new position in shares of Textron Inc. (NYSE:TXT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 21,554 shares of the aerospace company’s stock, valued at approximately $1,879,000.

Several other hedge funds also recently added to or reduced their stakes in TXT. AQR Capital Management LLC lifted its stake in Textron by 144.1% in the second quarter. AQR Capital Management LLC now owns 2,664,612 shares of the aerospace company’s stock worth $213,942,000 after purchasing an additional 1,573,206 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its stake in shares of Textron by 270.7% during the second quarter. Adage Capital Partners GP L.L.C. now owns 1,005,843 shares of the aerospace company’s stock valued at $80,759,000 after buying an additional 734,478 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Textron in the third quarter worth approximately $56,255,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Textron by 62.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,231,492 shares of the aerospace company’s stock worth $98,876,000 after buying an additional 471,274 shares during the period. Finally, Brandes Investment Partners LP lifted its stake in shares of Textron by 19.9% during the 2nd quarter. Brandes Investment Partners LP now owns 2,714,466 shares of the aerospace company’s stock worth $217,945,000 after acquiring an additional 451,017 shares during the last quarter. 86.03% of the stock is currently owned by institutional investors.

Textron Price Performance

NYSE TXT opened at $87.57 on Wednesday. The company has a market cap of $15.25 billion, a PE ratio of 17.14, a P/E/G ratio of 1.30 and a beta of 0.95. The firm’s 50 day moving average price is $93.83 and its 200-day moving average price is $88.06. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.99 and a current ratio of 1.97. Textron Inc. has a 52-week low of $57.70 and a 52-week high of $101.57.

Textron (NYSE:TXT) last issued its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $1.73 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.01). The business had revenue of $4.18 billion during 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 quarterly revenue was up 15.6% on a year-over-year basis. During the same period last year, the firm earned $1.34 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Sell-side analysts forecast that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th 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, March 13th. Textron’s dividend payout ratio is 1.57%.

Analysts Set New Price Targets

TXT has been the subject of a number of recent analyst reports. Sanford C. Bernstein boosted their price objective on Textron from $94.00 to $108.00 and gave the company a “market perform” rating in a report on Thursday, February 19th. UBS Group increased their target price on Textron from $89.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. Morgan Stanley set a $92.00 target price on shares of Textron in a research note on Thursday, January 29th. Freedom Capital upgraded shares of Textron to a “strong-buy” rating in a report on Friday, January 16th. Finally, Weiss Ratings raised shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Textron currently has an average rating of “Moderate Buy” and an average target price of $98.60.

Insider Activity

In other Textron news, VP Mark S. Bamford sold 19,808 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $97.96, for a total value of $1,940,391.68. Following the completion of the transaction, the vice president directly owned 7,872 shares in the company, valued at approximately $771,141.12. The trade was a 71.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Lisa M. Atherton sold 7,600 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $98.68, for a total transaction of $749,968.00. Following the sale, the chief executive officer directly owned 29,473 shares of the company’s stock, valued at approximately $2,908,395.64. The trade was a 20.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 304,473 shares of company stock worth $29,976,723 over the last ninety days. 1.90% of the stock is currently owned by corporate insiders.

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.