Textron Inc. $TXT Stock Holdings Lowered by Advisors Asset Management Inc.

Advisors Asset Management Inc. lessened its position in Textron Inc. (NYSE:TXT) by 31.3% during the third quarter, Holdings Channel reports. The fund owned 15,104 shares of the aerospace company’s stock after selling 6,889 shares during the quarter. Advisors Asset Management Inc.’s holdings in Textron were worth $1,276,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Textron by 13.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,522 shares of the aerospace company’s stock valued at $1,049,000 after purchasing an additional 1,709 shares during the period. Empowered Funds LLC grew its holdings in Textron by 6.3% in the 1st quarter. Empowered Funds LLC now owns 21,397 shares of the aerospace company’s stock worth $1,546,000 after buying an additional 1,265 shares in the last quarter. Focus Partners Wealth grew its holdings in Textron by 18.0% in the 1st quarter. Focus Partners Wealth now owns 4,814 shares of the aerospace company’s stock worth $348,000 after buying an additional 735 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Textron in the 2nd quarter valued at approximately $453,000. Finally, MGO One Seven LLC bought a new stake in Textron during the 2nd quarter valued at $215,000. 86.03% of the stock is owned by institutional investors and hedge funds.

Textron Stock Performance

Shares of TXT opened at $98.06 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.97 and a quick ratio of 0.99. The firm’s 50 day moving average is $91.19 and its 200-day moving average is $84.97. Textron Inc. has a 12-month low of $57.70 and a 12-month high of $100.92. The stock has a market capitalization of $17.08 billion, a P/E ratio of 19.19, a P/E/G ratio of 1.48 and a beta of 0.99.

Textron (NYSE:TXT) last issued its earnings results on Wednesday, January 28th. The aerospace company reported $1.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.01). The business 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 company’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.34 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities research analysts anticipate that Textron Inc. will post 6.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Weiss Ratings raised Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 10th. UBS Group increased their target price on shares of Textron from $89.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. Freedom Capital raised shares of Textron to a “strong-buy” rating in a research note on Friday, January 16th. Susquehanna reaffirmed a “positive” rating and issued a $110.00 price target on shares of Textron in a research note on Thursday, January 15th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $94.00 price objective on shares of Textron in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Textron has a consensus rating of “Moderate Buy” and an average price target 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.