Caprock Group LLC Makes New $736,000 Investment in Textron Inc. $TXT

Caprock Group LLC bought a new stake in shares of Textron Inc. (NYSE:TXT) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,180 shares of the aerospace company’s stock, valued at approximately $736,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC increased its holdings in Textron by 388.5% in the third quarter. True Wealth Design LLC now owns 298 shares of the aerospace company’s stock valued at $25,000 after buying an additional 237 shares in the last quarter. Assetmark Inc. increased its stake in shares of Textron by 191.9% in the 2nd quarter. Assetmark Inc. now owns 324 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 213 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in Textron in the 2nd quarter worth about $27,000. Quent Capital LLC acquired a new stake in Textron in the third quarter valued at approximately $33,000. Finally, Private Trust Co. NA increased its position in shares of Textron by 155.6% in the third quarter. Private Trust Co. NA now owns 460 shares of the aerospace company’s stock valued at $39,000 after buying an additional 280 shares in the last quarter. 86.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Susquehanna reissued a “positive” rating and issued a $110.00 price target on shares of Textron in a research note on Thursday, January 15th. Morgan Stanley set a $92.00 target price on shares of Textron in a research note on Thursday, January 29th. Freedom Capital raised shares of Textron to a “strong-buy” rating in a research note on Friday, January 16th. TD Cowen cut their price objective on Textron from $95.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, October 24th. Finally, Weiss Ratings upgraded Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Textron presently has a consensus rating of “Moderate Buy” and an average target price of $97.20.

Textron Price Performance

Textron stock opened at $98.06 on Tuesday. The company has a current ratio of 1.97, a quick ratio of 0.99 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average price of $91.19 and a 200 day moving average price of $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 cap of $17.08 billion, a P/E ratio of 19.19, a PEG ratio of 1.48 and a beta of 0.99.

Textron (NYSE:TXT) last announced its quarterly 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 firm had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same quarter in the prior year, the business earned $1.34 EPS. The firm’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 anticipate that Textron Inc. will post 6.12 earnings per share for the current 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.