Rep. Robert Bresnahan, Jr. Sells Textron Inc. (NYSE:TXT) Shares

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Textron Inc. (NYSE:TXT). In a filing disclosed on March 27th, the Representative disclosed that they had sold between $1,001 and $15,000 in Textron stock on February 25th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 3/7/2025.
• Sold $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 3/6/2025.
• Purchased $1,001 – $15,000 in shares of SEA (NYSE:SE) on 3/5/2025.
• Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Twilio (NYSE:TWLO) on 3/4/2025.
• Sold $15,001 – $50,000 in shares of Alibaba Group (NYSE:BABA) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Zoom Video Communications (NASDAQ:ZM) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 3/3/2025.
• Purchased $1,001 – $15,000 in shares of Snowflake (NYSE:SNOW) on 3/3/2025.

Textron Trading Down 3.1 %

TXT traded down $2.36 during trading hours on Friday, reaching $72.92. The company’s stock had a trading volume of 1,075,585 shares, compared to its average volume of 1,153,198. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.76 and a quick ratio of 0.84. Textron Inc. has a fifty-two week low of $70.14 and a fifty-two week high of $97.34. The stock has a market cap of $13.24 billion, a PE ratio of 16.92, a P/E/G ratio of 1.18 and a beta of 1.27. The business’s 50-day moving average is $74.49 and its 200-day moving average is $80.21.

Textron (NYSE:TXT) last released its earnings results on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.07. Textron had a net margin of 6.01% and a return on equity of 14.92%. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period in the prior year, the firm earned $1.60 EPS. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. As a group, equities research analysts predict that Textron Inc. will post 6.12 earnings per share for the current fiscal year.

Textron Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.08 annualized dividend and a yield of 0.11%. Textron’s dividend payout ratio (DPR) is presently 1.86%.

Institutional Trading of Textron

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its position in Textron by 5.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 79,973 shares of the aerospace company’s stock worth $7,084,000 after purchasing an additional 4,023 shares during the last quarter. Cerity Partners LLC lifted its position in Textron by 110.5% during the 3rd quarter. Cerity Partners LLC now owns 28,171 shares of the aerospace company’s stock worth $2,495,000 after acquiring an additional 14,789 shares during the period. Larson Financial Group LLC raised its stake in shares of Textron by 22.0% during the 3rd quarter. Larson Financial Group LLC now owns 4,296 shares of the aerospace company’s stock worth $381,000 after buying an additional 775 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Textron by 11.4% during the third quarter. Daiwa Securities Group Inc. now owns 23,131 shares of the aerospace company’s stock worth $2,049,000 after purchasing an additional 2,375 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its stake in Textron by 57.6% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 16,094 shares of the aerospace company’s stock valued at $1,426,000 after buying an additional 5,880 shares in the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Citigroup decreased their target price on Textron from $118.00 to $111.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Barclays dropped their target price on shares of Textron from $104.00 to $95.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. Morgan Stanley reduced their target price on shares of Textron from $86.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 23rd. Susquehanna decreased their price objective on Textron from $100.00 to $90.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Finally, Vertical Research raised shares of Textron from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $93.45.

Insiders Place Their Bets

In related news, VP Mark S. Bamford sold 5,451 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $72.68, for a total value of $396,178.68. Following the transaction, the vice president now owns 18,223 shares in the company, valued at approximately $1,324,447.64. The trade was a 23.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.70% of the stock is owned by corporate insiders.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

Textron Company Profile

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts.