Textron Inc. $TXT Shares Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S raised its holdings in Textron Inc. (NYSE:TXT) by 108.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 15,290 shares of the aerospace company’s stock after acquiring an additional 7,951 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Textron were worth $1,292,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. True Wealth Design LLC raised its position in shares of Textron by 388.5% in the 3rd quarter. True Wealth Design LLC now owns 298 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 237 shares during the last quarter. Assetmark Inc. increased its stake in Textron by 191.9% during the 2nd quarter. Assetmark Inc. now owns 324 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 213 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of Textron in the second quarter worth $27,000. Quent Capital LLC acquired a new stake in shares of Textron during the third quarter worth $33,000. Finally, Private Trust Co. NA grew its holdings 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 buying an additional 280 shares during the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Jefferies Financial Group reduced their target price on Textron from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Sunday, February 1st. TD Cowen reduced their price objective on Textron from $95.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, October 24th. Susquehanna reiterated a “positive” rating and issued a $110.00 target price on shares of Textron in a research report on Thursday, January 15th. Citigroup cut their price target on shares of Textron from $107.00 to $97.00 and set a “neutral” rating on the stock in a report on Thursday, January 29th. Finally, Weiss Ratings cut shares of Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $97.20.

Textron Stock Up 2.8%

Shares of TXT stock opened at $95.47 on Monday. Textron Inc. has a twelve month low of $57.70 and a twelve month high of $96.98. The stock has a market cap of $16.82 billion, a P/E ratio of 18.68, a P/E/G ratio of 1.44 and a beta of 0.99. The stock has a 50 day moving average of $89.50 and a 200 day moving average of $84.19. The company has a current ratio of 1.82, a quick ratio of 0.84 and a debt-to-equity ratio of 0.45.

Textron (NYSE:TXT) last released its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $1.73 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.01). The company had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Textron had a return on equity of 14.63% and a net margin of 6.22%.The company’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.34 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, sell-side analysts expect that Textron Inc. will post 6.12 EPS for the current year.

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.