BI Asset Management Fondsmaeglerselskab A S Increases Position in Textron Inc. $TXT

BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Textron Inc. (NYSE:TXT) by 108.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,290 shares of the aerospace company’s stock after buying an additional 7,951 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Textron were worth $1,292,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TXT. True Wealth Design LLC boosted its stake in shares of Textron by 388.5% during the third 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 period. Assetmark Inc. lifted its holdings 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 buying an additional 213 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in Textron in the 2nd quarter valued at about $27,000. Quent Capital LLC bought a new position in Textron in the 3rd quarter worth about $33,000. Finally, Private Trust Co. NA increased its position 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 worth $39,000 after acquiring an additional 280 shares during the period. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Price Performance

Shares of TXT stock opened at $95.47 on Monday. The stock’s 50-day moving average is $89.50 and its 200 day moving average is $84.19. Textron Inc. has a 1-year low of $57.70 and a 1-year high of $96.98. 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 company has a market cap of $16.82 billion, a P/E ratio of 18.68, a PEG ratio of 1.44 and a beta of 0.99.

Textron (NYSE:TXT) last released its quarterly earnings results 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 firm had revenue of $3.61 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the company posted $1.34 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Research analysts predict that Textron Inc. will post 6.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TXT has been the subject of a number of research reports. Freedom Capital upgraded Textron to a “strong-buy” rating in a report on Friday, January 16th. Morgan Stanley set a $92.00 target price on Textron in a report on Thursday, January 29th. Jefferies Financial Group dropped their price target on Textron from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Sunday, February 1st. Wall Street Zen downgraded Textron from a “strong-buy” rating to a “buy” rating in a report on Friday, January 23rd. Finally, 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 report on Thursday, January 15th. One equities research 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 MarketBeat, the company has a consensus rating of “Hold” and an average target price of $97.20.

About Textron

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.