Textron Inc. $TXT Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in Textron Inc. (NYSE:TXT) by 10.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 166,532 shares of the aerospace company’s stock after acquiring an additional 15,550 shares during the period. Envestnet Asset Management Inc. owned about 0.09% of Textron worth $14,070,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. grew its position in Textron by 4.3% during the third quarter. Hantz Financial Services Inc. now owns 5,174 shares of the aerospace company’s stock worth $437,000 after buying an additional 211 shares during the period. Jones Financial Companies Lllp raised its position in shares of Textron by 12.0% in the third quarter. Jones Financial Companies Lllp now owns 4,712 shares of the aerospace company’s stock valued at $394,000 after buying an additional 504 shares during the last quarter. State of Wyoming lifted its stake in shares of Textron by 33.1% during the 3rd quarter. State of Wyoming now owns 6,534 shares of the aerospace company’s stock worth $552,000 after purchasing an additional 1,624 shares during the period. Capital Management Corp VA boosted its stake in Textron by 25.7% in the 3rd quarter. Capital Management Corp VA now owns 12,357 shares of the aerospace company’s stock worth $1,044,000 after buying an additional 2,525 shares during the last quarter. Finally, Transcend Capital Advisors LLC purchased a new stake in Textron in the third quarter valued at approximately $235,000. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Susquehanna restated a “positive” rating and issued a $110.00 price objective on shares of Textron in a report on Thursday, January 15th. TD Cowen lowered their target price on Textron from $95.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, October 24th. Morgan Stanley set a $92.00 price target on shares of Textron in a research note on Thursday, January 29th. Citigroup cut their price objective on Textron from $107.00 to $97.00 and set a “neutral” rating on the stock in a research note on Thursday, January 29th. Finally, Weiss Ratings raised shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $97.20.

Textron Trading Down 0.7%

Shares of Textron stock opened at $98.06 on Tuesday. The firm has a market cap of $17.08 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 1.48 and a beta of 0.99. Textron Inc. has a fifty-two week low of $57.70 and a fifty-two week high of $100.92. The company has a quick ratio of 0.99, a current ratio of 1.97 and a debt-to-equity ratio of 0.49. The business has a fifty day simple moving average of $91.19 and a 200-day simple moving average of $84.97.

Textron (NYSE:TXT) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $4.11 billion. During the same quarter last year, the company posted $1.34 EPS. Textron’s revenue was up 15.6% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, equities analysts forecast that Textron Inc. will post 6.12 EPS for the current fiscal 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.