Martingale Asset Management L P Sells 15,180 Shares of Textron Inc. $TXT

Key Points

• Martingale Asset Management reduced its stake in Textron by 7.8% in Q3, selling 15,180 shares and leaving it with 180,647 shares valued at about $15.26 million (≈0.10% of the company).
• Textron reported Q results of $1.73 EPS (missed by $0.01) and $4.18 billion revenue (beat consensus), with revenue up 15.6% year-over-year and FY2026 guidance of 6.40–6.60 EPS vs analysts' consensus of 6.12.
• Company insiders have sold heavily (about 304,473 shares worth ~$29.98 million in the last 90 days), while analysts' consensus is a Moderate Buy with a $98.60 average price target.

Martingale Asset Management L P reduced its position in shares of Textron Inc. (NYSE:TXT - Free Report) by 7.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 180,647 shares of the aerospace company's stock after selling 15,180 shares during the period. Martingale Asset Management L P owned approximately 0.10% of Textron worth $15,263,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC boosted its stake in shares of Textron by 388.5% during the 3rd quarter. True Wealth Design LLC now owns 298 shares of the aerospace company's stock worth $25,000 after purchasing an additional 237 shares during the period. Atlantic Union Bankshares Corp purchased a new position in Textron during the second quarter valued at approximately $27,000. Quent Capital LLC acquired a new position in shares of Textron during the 3rd quarter worth approximately $33,000. Accredited Wealth Management LLC raised its holdings in shares of Textron by 804.0% in the 3rd quarter. Accredited Wealth Management LLC now owns 452 shares of the aerospace company's stock worth $38,000 after purchasing an additional 402 shares during the period. Finally, Private Trust Co. NA increased its position in shares of Textron by 155.6% during the third quarter. Private Trust Co. NA now owns 460 shares of the aerospace company's stock valued at $39,000 after purchasing an additional 280 shares during the period. 86.03% of the stock is currently owned by institutional investors.

Textron Stock Performance

Shares of TXT opened at $91.43 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.97 and a quick ratio of 0.99. Textron Inc. has a one year low of $57.70 and a one year high of $101.57. The company's fifty day moving average price is $94.54 and its 200 day moving average price is $87.21. The company has a market capitalization of $15.92 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 1.41 and a beta of 0.95.

Textron (NYSE:TXT - Get Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $1.73 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.74 by ($0.01). The firm had revenue of $4.18 billion for 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%.Textron's quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.34 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, analysts expect that Textron Inc. will post 6.12 earnings per share for the current year.

Textron Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.1%. Textron's dividend payout ratio is 1.57%.

Insider Transactions at Textron

In other Textron news, EVP E Robert Lupone sold 28,056 shares of Textron stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $98.84, for a total value of $2,773,055.04. Following the completion of the transaction, the executive vice president directly owned 103,991 shares of the company's stock, valued at $10,278,470.44. The trade was a 21.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 owned 7,872 shares of the company's stock, valued at $771,141.12. This represents a 71.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 304,473 shares of company stock valued at $29,976,723. Company insiders own 1.70% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TXT shares. Weiss Ratings upgraded Textron from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, February 10th. Sanford C. Bernstein raised their price objective on shares of Textron from $94.00 to $108.00 and gave the stock a "market perform" rating in a research note on Thursday, February 19th. Citigroup dropped their price target on shares of Textron from $107.00 to $97.00 and set a "neutral" rating for the company in a research report on Thursday, January 29th. Morgan Stanley set a $92.00 price target on Textron in a research note on Thursday, January 29th. Finally, Freedom Capital raised Textron to a "strong-buy" rating in a research report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $98.60.

Textron Company 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.

Want to see what other hedge funds are holding TXT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Textron Inc. (NYSE:TXT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.