Textron Inc. $TXT Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. cut its stake in Textron Inc. (NYSE:TXT) by 31.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,104 shares of the aerospace company’s stock after selling 6,889 shares during the quarter. Advisors Asset Management Inc.’s holdings in Textron were worth $1,276,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 during the period. Empowered Funds LLC lifted its position in shares of Textron by 6.3% during the first quarter. Empowered Funds LLC now owns 21,397 shares of the aerospace company’s stock worth $1,546,000 after purchasing an additional 1,265 shares in the last quarter. Focus Partners Wealth lifted its position in shares of Textron by 18.0% during 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 position in shares of Textron in the second quarter valued at $453,000. Finally, MGO One Seven LLC acquired a new stake in Textron during the 2nd quarter valued at $215,000. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Trading Down 0.7%

Textron stock opened at $98.06 on Tuesday. Textron Inc. has a 1 year low of $57.70 and a 1 year high of $100.92. The firm’s 50-day moving average is $91.19 and its 200-day moving average is $84.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.99 and a current ratio of 1.97. The company 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 issued its 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 business had revenue of $4.18 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same period in the prior year, the business earned $1.34 EPS. The business’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 expect that Textron Inc. will post 6.12 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on TXT. Wall Street Zen lowered shares of Textron from a “strong-buy” rating to a “buy” rating in a report on Friday, January 23rd. TD Cowen dropped their target price on Textron from $95.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday, October 24th. JPMorgan Chase & Co. increased their price target on Textron from $88.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. UBS Group raised their price objective on Textron from $89.00 to $99.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. Finally, Jefferies Financial Group cut their target price on Textron from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Sunday, February 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Textron currently has an average rating of “Moderate Buy” and a consensus price target of $97.20.

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.