83,230 Shares in Textron Inc. $TXT Purchased by Bfsg LLC

Bfsg LLC purchased a new stake in Textron Inc. (NYSE:TXT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 83,230 shares of the aerospace company’s stock, valued at approximately $7,255,000.

Several other hedge funds have also bought and sold shares of TXT. Jackson Thornton Wealth Management LLC grew its stake in shares of Textron by 66.0% during the 4th quarter. Jackson Thornton Wealth Management LLC now owns 4,113 shares of the aerospace company’s stock worth $370,000 after purchasing an additional 1,636 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Textron in the 4th quarter valued at $294,000. Capital Advisors Ltd. LLC lifted its stake in shares of Textron by 2,358.8% in the 4th quarter. Capital Advisors Ltd. LLC now owns 11,089 shares of the aerospace company’s stock valued at $967,000 after purchasing an additional 10,638 shares during the period. Inlet Private Wealth LLC boosted its holdings in Textron by 869.4% during the fourth quarter. Inlet Private Wealth LLC now owns 34,415 shares of the aerospace company’s stock worth $3,000,000 after buying an additional 30,865 shares in the last quarter. Finally, Savvy Advisors Inc. grew its position in Textron by 91.8% during the fourth quarter. Savvy Advisors Inc. now owns 6,782 shares of the aerospace company’s stock valued at $591,000 after buying an additional 3,246 shares during the period. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Stock Down 0.0%

Shares of NYSE TXT opened at $91.35 on Friday. Textron Inc. has a 12-month low of $62.75 and a 12-month high of $101.57. The stock has a market cap of $15.90 billion, a PE ratio of 17.88, a P/E/G ratio of 1.38 and a beta of 0.97. The company has a current ratio of 1.97, a quick ratio of 0.99 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average of $93.29 and a 200 day moving average of $88.28.

Textron (NYSE:TXT) last released its earnings results on Wednesday, January 28th. The aerospace company reported $1.73 earnings per share 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 analysts’ expectations of $4.11 billion. Textron had a return on equity of 14.63% and a net margin of 6.22%.The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period last year, the business earned $1.34 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, sell-side analysts predict that Textron Inc. will post 6.12 EPS for the current fiscal year.

Textron Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Friday, March 13th were given a dividend of $0.02 per share. The ex-dividend date was Friday, March 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Textron’s dividend payout ratio (DPR) is presently 1.57%.

Insider Activity at Textron

In other Textron news, VP Mark S. Bamford sold 19,808 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $97.96, for a total value of $1,940,391.68. Following the completion of the sale, the vice president directly owned 7,872 shares in the company, valued at $771,141.12. This represents a 71.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Julie G. Duffy sold 19,857 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $98.70, for a total value of $1,959,885.90. Following the completion of the sale, the executive vice president directly owned 37,039 shares of the company’s stock, valued at $3,655,749.30. This trade represents a 34.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 304,473 shares of company stock valued at $29,976,723 in the last three months. Company insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wall Street Zen cut shares of Textron from a “strong-buy” rating to a “buy” rating in a report on Friday, January 23rd. Jefferies Financial Group lowered their target price on shares of Textron from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday. Weiss Ratings upgraded Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. JPMorgan Chase & Co. upped their price target on Textron from $88.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Finally, Citigroup increased their price target on Textron from $97.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, April 2nd. 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $98.18.

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.