Candriam S.C.A. Purchases 8,174 Shares of Textron Inc. $TXT

Candriam S.C.A. boosted its holdings in Textron Inc. (NYSE:TXT) by 44.2% in the third quarter, HoldingsChannel reports. The firm owned 26,647 shares of the aerospace company’s stock after purchasing an additional 8,174 shares during the period. Candriam S.C.A.’s holdings in Textron were worth $2,251,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TXT. Robeco Institutional Asset Management B.V. boosted its holdings in Textron by 6.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 695,962 shares of the aerospace company’s stock worth $58,802,000 after acquiring an additional 39,389 shares in the last quarter. Rakuten Investment Management Inc. bought a new position in shares of Textron in the 3rd quarter worth $5,018,000. Baxter Bros Inc. grew its position in Textron by 45.8% in the 3rd quarter. Baxter Bros Inc. now owns 39,865 shares of the aerospace company’s stock valued at $3,368,000 after purchasing an additional 12,530 shares during the period. Citizens Financial Group Inc. RI bought a new stake in Textron during the 3rd quarter valued at $1,078,000. Finally, National Pension Service raised its holdings in Textron by 28.8% during the third quarter. National Pension Service now owns 83,955 shares of the aerospace company’s stock worth $7,093,000 after buying an additional 18,782 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TXT. JPMorgan Chase & Co. lifted their price objective on shares of Textron from $88.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Sanford C. Bernstein reiterated a “market perform” rating and set a $94.00 price target on shares of Textron in a research note on Tuesday, January 6th. Freedom Capital raised Textron to a “strong-buy” rating in a research note on Friday, January 16th. TD Cowen cut their target price on Textron from $95.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday, October 24th. Finally, Wall Street Zen downgraded Textron from a “strong-buy” rating to a “buy” rating in a report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.20.

Textron Trading Up 1.5%

Shares of TXT stock opened at $98.75 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.82 and a debt-to-equity ratio of 0.45. The firm has a market cap of $17.40 billion, a P/E ratio of 19.32, a PEG ratio of 1.47 and a beta of 0.99. The company has a 50 day moving average of $90.62 and a 200-day moving average of $84.60. Textron Inc. has a 12-month low of $57.70 and a 12-month high of $100.92.

Textron (NYSE:TXT) last issued its earnings results 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 during the quarter, compared to the consensus estimate of $4.11 billion. 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.34 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Sell-side analysts anticipate that Textron Inc. will post 6.12 earnings per share for the current year.

Textron 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.