Independent Advisor Alliance Sells 23,381 Shares of Textron Inc. $TXT

Independent Advisor Alliance lowered its position in shares of Textron Inc. (NYSE:TXT) by 84.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,340 shares of the aerospace company’s stock after selling 23,381 shares during the quarter. Independent Advisor Alliance’s holdings in Textron were worth $367,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in TXT. State Street Corp raised its holdings in Textron by 2.5% during the 2nd quarter. State Street Corp now owns 9,007,450 shares of the aerospace company’s stock worth $723,384,000 after purchasing an additional 217,401 shares during the last quarter. Boston Partners grew its position in shares of Textron by 1.5% during the 2nd quarter. Boston Partners now owns 7,190,786 shares of the aerospace company’s stock worth $577,304,000 after buying an additional 109,277 shares during the period. LSV Asset Management raised its stake in shares of Textron by 7.2% during the second quarter. LSV Asset Management now owns 4,153,321 shares of the aerospace company’s stock worth $333,470,000 after buying an additional 279,237 shares during the last quarter. Brandes Investment Partners LP lifted its holdings in Textron by 19.9% in the second quarter. Brandes Investment Partners LP now owns 2,714,466 shares of the aerospace company’s stock valued at $217,945,000 after buying an additional 451,017 shares during the period. Finally, AQR Capital Management LLC boosted its stake in Textron by 144.1% in the second quarter. AQR Capital Management LLC now owns 2,664,612 shares of the aerospace company’s stock valued at $213,942,000 after acquiring an additional 1,573,206 shares during the last quarter. Institutional investors own 86.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on TXT. Jefferies Financial Group dropped their target price on shares of Textron from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Sunday. Weiss Ratings lowered Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 26th. Morgan Stanley set a $92.00 target price on Textron in a research report on Thursday, January 29th. Wall Street Zen cut Textron from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. Finally, TD Cowen reduced their price objective on shares of Textron from $95.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $97.20.

Textron Trading Up 2.3%

NYSE:TXT opened at $92.83 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.82 and a quick ratio of 0.84. The business’s 50-day simple moving average is $89.28 and its 200-day simple moving average is $84.15. Textron Inc. has a fifty-two week low of $57.70 and a fifty-two week high of $96.98. The stock has a market capitalization of $16.36 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 1.37 and a beta of 0.99.

Textron (NYSE:TXT) last posted 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 return on equity of 14.63% and a net margin of 6.22%.The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $4.11 billion. During the same period in the previous year, the company posted $1.34 earnings per share. Textron’s revenue for the quarter was up 15.6% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Sell-side analysts expect that Textron Inc. will post 6.12 earnings per share for the current fiscal 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.