BI Asset Management Fondsmaeglerselskab A S Grows Position in Textron Inc. $TXT

Key Points

• BI Asset Management increased its Textron stake by 249.8% in the first quarter, bringing its holdings to 68,234 shares valued at about $5.98 million.
• Textron reported strong quarterly results, with EPS of $1.45 and revenue of $3.69 billion, both ahead of analyst expectations. The company also raised FY 2026 guidance to $6.40-$6.60 EPS.
• Analysts remain cautiously positive on the stock, with a consensus rating of “Moderate Buy” and an average price target of $101.18, even as shares opened lower at $86.86.

BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Textron Inc. (NYSE:TXT - Free Report) by 249.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,234 shares of the aerospace company's stock after buying an additional 48,726 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Textron were worth $5,975,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. AQR Capital Management LLC increased its holdings in shares of Textron by 51.1% in the 4th quarter. AQR Capital Management LLC now owns 5,357,182 shares of the aerospace company's stock valued at $466,986,000 after acquiring an additional 1,811,787 shares during the period. Adage Capital Partners GP L.L.C. grew its position in 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 worth $80,759,000 after purchasing an additional 734,478 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in Textron in the third quarter valued at $56,255,000. SG Americas Securities LLC increased its stake in Textron by 8,087.0% in the fourth quarter. SG Americas Securities LLC now owns 429,492 shares of the aerospace company's stock valued at $37,439,000 after purchasing an additional 424,246 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Textron by 18.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,551,781 shares of the aerospace company's stock valued at $222,455,000 after buying an additional 405,314 shares during the last quarter. 86.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Textron

In other Textron 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 value of $234,307.53. Following the sale, the director owned 8,611 shares of the company's stock, valued at approximately $801,597.99. This represents a 22.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas A. Kennedy bought 10,300 shares of the stock in a transaction on Friday, May 1st. The stock was purchased at an average cost of $95.98 per share, for a total transaction of $988,594.00. Following the acquisition, the director directly owned 20,162 shares of the company's stock, valued at $1,935,148.76. The trade was a 104.44% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.90% of the company's stock.

Textron Stock Down 2.9%

Shares of NYSE TXT opened at $86.86 on Tuesday. The stock has a market capitalization of $15.10 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 1.34 and a beta of 0.91. Textron Inc. has a 52 week low of $75.80 and a 52 week high of $101.57. The firm has a 50-day moving average price of $91.15 and a 200 day moving average price of $91.48. The company has a quick ratio of 0.87, a current ratio of 1.84 and a debt-to-equity ratio of 0.43.

Textron (NYSE:TXT - Get Free Report) last issued its earnings results on Thursday, April 30th. The aerospace company reported $1.45 earnings per share 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 analyst estimates of $3.50 billion. During the same period in the prior year, the business posted $1.28 earnings per share. The firm's revenue for the quarter was up 11.8% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities research analysts anticipate that Textron Inc. will post 6.6 EPS for the current fiscal year.

Textron Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently issued reports on TXT. Weiss Ratings raised Textron from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, June 11th. UBS Group upped their price objective on Textron from $99.00 to $100.00 and gave the company a "buy" rating in a research note on Monday, May 4th. Wells Fargo & Company began coverage on Textron in a research report on Wednesday, April 1st. They set an "equal weight" rating and a $92.00 price objective for the company. TD Cowen upgraded Textron from a "hold" rating to a "buy" rating in a research note on Thursday, April 30th. Finally, Citigroup boosted their target price on Textron from $97.00 to $99.00 and gave the company a "neutral" rating in a report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Textron has a consensus rating of "Moderate Buy" and an average price target 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.

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