73,172 Shares in Textron Inc. $TXT Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new stake in shares of Textron Inc. (NYSE:TXT) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 73,172 shares of the aerospace company’s stock, valued at approximately $6,407,000.

Other large investors have also added to or reduced their stakes in the company. Activest Wealth Management grew its holdings in shares of Textron by 3,255.6% in the fourth quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 293 shares in the last quarter. Wilkerson Advisory Group LLC purchased a new stake in Textron during the fourth quarter valued at $26,000. Cedar Mountain Advisors LLC purchased a new stake in Textron during the first quarter valued at $29,000. Elyxium Wealth LLC bought a new position in Textron during the fourth quarter valued at $30,000. Finally, Strive Financial Group LLC purchased a new position in shares of Textron in the 4th quarter worth $31,000. Institutional investors own 86.03% of the company’s stock.

Insider Buying and Selling at Textron

In related news, Director R Kerry Clark sold 2,517 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total value of $234,307.53. Following the completion of the sale, the director owned 8,611 shares in the company, valued at approximately $801,597.99. The trade was a 22.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

TXT has been the topic of several recent research reports. TD Cowen decreased their target price on shares of Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. UBS Group reiterated a “neutral” rating and issued a $95.00 price target on shares of Textron in a research report on Wednesday. Weiss Ratings raised Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. Citigroup upped their price objective on Textron from $97.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. Finally, Jefferies Financial Group restated a “buy” rating on shares of Textron in a research report on Sunday, May 3rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Textron presently has a consensus rating of “Moderate Buy” and an average price target of $102.44.

Textron Stock Up 1.8%

NYSE:TXT opened at $87.21 on Friday. The stock has a fifty day simple moving average of $91.09 and a 200-day simple moving average of $92.03. The company has a current ratio of 1.86, a quick ratio of 0.87 and a debt-to-equity ratio of 0.43. The company has a market cap of $15.00 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 1.30 and a beta of 0.90. Textron Inc. has a twelve month low of $75.80 and a twelve month high of $101.57.

Textron (NYSE:TXT) last posted its quarterly earnings results on Tuesday, July 28th. The aerospace company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.55 by $0.07. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.81 billion. Textron had a net margin of 6.12% and a return on equity of 14.30%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.55 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Analysts anticipate that Textron Inc. will post 6.51 EPS for the current 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.