Perbak Capital Partners LLP Acquires Shares of 15,731 Textron Inc. $TXT

Key Points

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Perbak Capital Partners LLP acquired a new position in shares of Textron Inc. (NYSE:TXT - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 15,731 shares of the aerospace company's stock, valued at approximately $1,329,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TXT. Glenmede Investment Management LP lifted its stake in shares of Textron by 1.0% in the third quarter. Glenmede Investment Management LP now owns 14,123 shares of the aerospace company's stock worth $1,193,000 after acquiring an additional 142 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Textron by 18.8% in the second quarter. Geneos Wealth Management Inc. now owns 998 shares of the aerospace company's stock valued at $80,000 after purchasing an additional 158 shares during the last quarter. CX Institutional grew its stake in Textron by 6.8% during the 3rd quarter. CX Institutional now owns 2,529 shares of the aerospace company's stock valued at $214,000 after purchasing an additional 162 shares in the last quarter. Assetmark Inc. increased its holdings in Textron by 52.2% during the 3rd quarter. Assetmark Inc. now owns 493 shares of the aerospace company's stock worth $42,000 after purchasing an additional 169 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in Textron by 0.3% during the 3rd quarter. Arizona State Retirement System now owns 53,256 shares of the aerospace company's stock worth $4,500,000 after purchasing an additional 172 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on TXT. Freedom Capital upgraded Textron to a "strong-buy" rating in a research note on Friday, January 16th. Morgan Stanley set a $92.00 price target on shares of Textron in a research note on Thursday, January 29th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Textron in a report on Wednesday, February 18th. Wall Street Zen downgraded shares of Textron from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 23rd. Finally, 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 report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $98.60.

Insider Buying and Selling

In other news, EVP Julie G. Duffy sold 19,857 shares of Textron stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $98.70, for a total value of $1,959,885.90. Following the completion of the transaction, the executive vice president directly owned 37,039 shares of the company's stock, valued at approximately $3,655,749.30. The trade was a 34.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Mark S. Bamford sold 19,808 shares of the business's stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $97.96, for a total transaction of $1,940,391.68. Following the sale, the vice president directly owned 7,872 shares of the company's stock, valued at approximately $771,141.12. This represents a 71.56% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 304,473 shares of company stock worth $29,976,723. Company insiders own 1.70% of the company's stock.

Textron Price Performance

Shares of NYSE TXT opened at $91.11 on Friday. 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 market capitalization of $15.86 billion, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 1.38 and a beta of 0.95. Textron Inc. has a twelve month low of $57.70 and a twelve month high of $101.57. The business has a 50 day simple moving average of $94.62 and a 200-day simple moving average of $87.28.

Textron (NYSE:TXT - Get Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $1.73 earnings per share (EPS) for the quarter, missing the consensus estimate 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%.The business's revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter 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, equities research analysts expect that Textron Inc. will post 6.12 earnings per share for the current year.

Textron Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Friday, March 13th. Textron's dividend payout ratio (DPR) is presently 1.57%.

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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