D.A. Davidson & CO. Grows Stock Holdings in Textron Inc. $TXT

D.A. Davidson & CO. grew its holdings in Textron Inc. (NYSE:TXT) by 87.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,712 shares of the aerospace company’s stock after buying an additional 6,398 shares during the period. D.A. Davidson & CO.’s holdings in Textron were worth $1,201,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in TXT. Activest Wealth Management lifted its holdings 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 valued at $26,000 after acquiring an additional 293 shares during the last quarter. Wilkerson Advisory Group LLC bought a new stake in Textron during the fourth quarter worth approximately $26,000. Cedar Mountain Advisors LLC bought a new stake in Textron during the first quarter worth approximately $29,000. Elyxium Wealth LLC purchased a new stake in Textron during the fourth quarter valued at approximately $30,000. Finally, Strive Financial Group LLC bought a new stake in shares of Textron in the 4th quarter valued at approximately $31,000. 86.03% of the stock is currently owned by institutional investors.

Textron Stock Performance

Shares of Textron stock opened at $91.74 on Thursday. The company has a current ratio of 1.84, a quick ratio of 0.87 and a debt-to-equity ratio of 0.43. The stock’s fifty day moving average price is $90.91 and its 200-day moving average price is $91.98. The firm has a market cap of $15.95 billion, a P/E ratio of 17.54, a P/E/G ratio of 1.35 and a beta of 0.90. Textron Inc. has a 12 month low of $75.80 and a 12 month 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, topping the consensus estimate of $1.30 by $0.15. Textron had a net margin of 6.15% and a return on equity of 14.56%. The company had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same period in the prior year, the business earned $1.28 EPS. The firm’s quarterly revenue 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, equities research analysts expect that Textron Inc. will post 6.6 earnings per share for the current fiscal year.

Textron Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on TXT shares. UBS Group lifted their target price on Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Wells Fargo & Company started coverage on Textron in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $92.00 price target for the company. JPMorgan Chase & Co. lifted their price objective on shares of Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Jefferies Financial Group reiterated a “buy” rating on shares of Textron in a research report on Sunday, May 3rd. Finally, Wall Street Zen raised shares of Textron from a “hold” rating to a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $103.10.

Insiders Place Their Bets

In related news, Director R Kerry Clark sold 2,517 shares of the company’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 completion of the sale, the director directly owned 8,611 shares in the company, valued at $801,597.99. This represents a 22.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Thomas A. Kennedy acquired 10,300 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average cost of $95.98 per share, for a total transaction of $988,594.00. Following the transaction, the director owned 20,162 shares of the company’s stock, valued at $1,935,148.76. This represents a 104.44% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.90% of the stock is owned by corporate 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.