MQS Management LLC Purchases New Position in Textron Inc. $TXT

MQS Management LLC bought a new stake in shares of Textron Inc. (NYSE:TXT) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,124 shares of the aerospace company’s stock, valued at approximately $855,000. Textron makes up approximately 0.5% of MQS Management LLC’s investment portfolio, making the stock its 21st largest position.

Other hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Textron by 13.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,522 shares of the aerospace company’s stock worth $1,049,000 after acquiring an additional 1,709 shares in the last quarter. Empowered Funds LLC grew its stake in Textron by 6.3% in the first quarter. Empowered Funds LLC now owns 21,397 shares of the aerospace company’s stock valued at $1,546,000 after purchasing an additional 1,265 shares during the last quarter. Focus Partners Wealth raised its holdings in Textron by 18.0% in the first quarter. Focus Partners Wealth now owns 4,814 shares of the aerospace company’s stock worth $348,000 after purchasing an additional 735 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Textron during the second quarter valued at about $453,000. Finally, US Bancorp DE boosted its holdings in shares of Textron by 9.7% in the 2nd quarter. US Bancorp DE now owns 29,085 shares of the aerospace company’s stock valued at $2,335,000 after buying an additional 2,563 shares in the last quarter. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Citigroup dropped their price target on Textron from $107.00 to $97.00 and set a “neutral” rating on the stock in a research note on Thursday, January 29th. Wall Street Zen downgraded shares of Textron from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 23rd. Morgan Stanley set a $92.00 price target on shares of Textron in a research note on Thursday, January 29th. UBS Group lifted their price objective 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, JPMorgan Chase & Co. upped their target price on Textron from $88.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Textron currently has a consensus rating of “Hold” and an average target price of $97.20.

Textron Stock Up 0.5%

Shares of NYSE TXT opened at $95.96 on Wednesday. The firm has a market cap of $16.91 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 1.44 and a beta of 0.99. The company’s 50-day simple moving average is $90.04 and its 200-day simple moving average is $84.41. The company has a quick ratio of 0.84, a current ratio of 1.82 and a debt-to-equity ratio of 0.45. Textron Inc. has a 52-week low of $57.70 and a 52-week high of $96.98.

Textron (NYSE:TXT) last posted its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $1.73 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.01). Textron had a net margin of 6.22% and a return on equity of 14.63%. During the same period last year, the company earned $1.34 earnings per share. The business’s quarterly revenue was up 15.6% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities analysts predict that Textron Inc. will post 6.12 EPS for the current fiscal year.

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.