Candriam S.C.A. Has $2.25 Million Stock Holdings in Textron Inc. $TXT

Candriam S.C.A. grew its stake in shares of Textron Inc. (NYSE:TXT) by 44.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 26,647 shares of the aerospace company’s stock after acquiring an additional 8,174 shares during the quarter. Candriam S.C.A.’s holdings in Textron were worth $2,251,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TXT. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Textron by 6.0% during the 3rd 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 during the period. Rakuten Investment Management Inc. bought a new stake in Textron during the third quarter worth $5,018,000. Citizens Financial Group Inc. RI acquired a new stake in shares of Textron in the 3rd quarter valued at $1,078,000. Baxter Bros Inc. increased its stake in shares of 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 last quarter. Finally, National Pension Service raised its holdings in shares of Textron by 28.8% during the 3rd 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 in the last quarter. Institutional investors own 86.03% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on TXT. Wall Street Zen lowered Textron from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. Freedom Capital raised shares of Textron to a “strong-buy” rating in a report on Friday, January 16th. Weiss Ratings upgraded shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Morgan Stanley set a $92.00 target price on shares of Textron in a research report on Thursday, January 29th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $94.00 price target on shares of Textron in a report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $97.20.

Textron Stock Performance

NYSE TXT opened at $98.75 on Friday. The company has a market capitalization of $17.40 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 1.47 and a beta of 0.99. 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 twelve month low of $57.70 and a twelve month high of $100.92. The stock has a fifty day simple moving average of $90.62 and a 200 day simple moving average of $84.60.

Textron (NYSE:TXT) last released its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $1.73 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.01). Textron had a net margin of 6.22% and a return on equity of 14.63%. The company had revenue of $4.18 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter last year, the firm posted $1.34 EPS. The company’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. Sell-side analysts expect that Textron Inc. will post 6.12 EPS for the current year.

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.