CWA Asset Management Group LLC Invests $1.99 Million in Textron Inc. $TXT

CWA Asset Management Group LLC bought a new position in shares of Textron Inc. (NYSE:TXT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 22,810 shares of the aerospace company’s stock, valued at approximately $1,988,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC raised its position in shares of Textron by 144.1% in the 2nd quarter. AQR Capital Management LLC now owns 2,664,612 shares of the aerospace company’s stock worth $213,942,000 after acquiring an additional 1,573,206 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its position 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 valued at $80,759,000 after purchasing an additional 734,478 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in Textron during the third quarter worth approximately $56,255,000. Arrowstreet Capital Limited Partnership grew its stake in Textron by 62.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,231,492 shares of the aerospace company’s stock worth $98,876,000 after purchasing an additional 471,274 shares during the period. Finally, Brandes Investment Partners LP increased its holdings in Textron by 19.9% in 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 in the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Stock Up 0.1%

Shares of NYSE TXT opened at $88.75 on Monday. 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 company has a 50-day moving average price of $94.55 and a 200-day moving average price of $87.71. The stock has a market capitalization of $15.45 billion, a P/E ratio of 17.37, a P/E/G ratio of 1.34 and a beta of 0.95. Textron Inc. has a 1 year low of $57.70 and a 1 year high of $101.57.

Textron (NYSE:TXT) last posted 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 analyst estimates of $4.11 billion. Textron had a return on equity of 14.63% and a net margin of 6.22%.The company’s revenue was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.34 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, equities research analysts forecast that Textron Inc. will post 6.12 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. Stockholders of record on Friday, March 13th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Textron’s dividend payout ratio is 1.57%.

Insider Buying and Selling

In other Textron news, EVP E Robert Lupone sold 28,056 shares of the firm’s 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 directly owned 103,991 shares in the company, valued at approximately $10,278,470.44. This trade represents a 21.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Scott C. Donnelly sold 219,619 shares of Textron stock in a transaction on Friday, February 13th. The stock was sold at an average price of $98.41, for a total transaction of $21,612,705.79. Following the transaction, the chairman directly owned 742,418 shares in the company, valued at $73,061,355.38. This represents a 22.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 304,473 shares of company stock valued at $29,976,723. 1.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Weiss Ratings upgraded Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 10th. Citigroup lowered their price objective on shares of Textron from $107.00 to $97.00 and set a “neutral” rating for the company in a research note on Thursday, January 29th. Morgan Stanley set a $92.00 target price on shares of Textron in a research report on Thursday, January 29th. Wall Street Zen cut shares of Textron from a “strong-buy” rating to a “buy” rating in a report on Friday, January 23rd. Finally, UBS Group lifted their price target on shares of Textron from $89.00 to $99.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $98.60.

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.