MQS Management LLC Buys New Stake in Textron Inc. $TXT

MQS Management LLC bought a new position in shares of Textron Inc. (NYSE:TXT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,124 shares of the aerospace company’s stock, valued at approximately $855,000. Textron comprises 0.5% of MQS Management LLC’s investment portfolio, making the stock its 21st biggest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. True Wealth Design LLC boosted its holdings 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 buying an additional 237 shares in the last quarter. Assetmark Inc. boosted its stake in Textron by 191.9% in the second quarter. Assetmark Inc. now owns 324 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 213 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of Textron during the second quarter worth about $27,000. Quent Capital LLC purchased a new stake in shares of Textron in the 3rd quarter valued at about $33,000. Finally, Private Trust Co. NA boosted its position in shares of Textron by 155.6% in the 3rd 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 owned by institutional investors and hedge funds.

Textron Stock Performance

Shares of TXT opened at $95.96 on Wednesday. Textron Inc. has a 12-month low of $57.70 and a 12-month high of $96.98. The stock has a market cap of $16.91 billion, a P/E ratio of 18.78, a PEG ratio of 1.44 and a beta of 0.99. The company has a current ratio of 1.82, a quick ratio of 0.84 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average of $90.04 and a two-hundred day moving average of $84.41.

Textron (NYSE:TXT) last released its 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). Textron had a net margin of 6.22% and a return on equity of 14.63%. The business’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous 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, research analysts predict that Textron Inc. will post 6.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Freedom Capital upgraded shares of Textron to a “strong-buy” rating in a research report on Friday, January 16th. Susquehanna reissued a “positive” rating and set a $110.00 price objective on shares of Textron in a research report on Thursday, January 15th. Sanford C. Bernstein restated a “market perform” rating and issued a $94.00 price objective on shares of Textron in a research note on Tuesday, January 6th. UBS Group increased their target price on shares of Textron from $89.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. Finally, Wall Street Zen downgraded Textron from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $97.20.

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.