Virtus Family Office LLC Acquires New Shares in Textron Inc. $TXT

Virtus Family Office LLC purchased a new stake in shares of Textron Inc. (NYSE:TXT) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 6,932 shares of the aerospace company’s stock, valued at approximately $586,000.

Several other hedge funds have also recently made changes to their positions in the stock. Callan Family Office LLC raised its position in shares of Textron by 133.1% during the second quarter. Callan Family Office LLC now owns 7,863 shares of the aerospace company’s stock valued at $631,000 after buying an additional 4,490 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Textron by 6.0% in 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 purchasing an additional 39,389 shares in the last quarter. Rakuten Investment Management Inc. bought a new position in shares of Textron during the 3rd quarter valued at about $5,018,000. Baxter Bros Inc. grew its position in shares of Textron by 45.8% during the third 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 in the last quarter. Finally, Citizens Financial Group Inc. RI purchased a new stake in shares of Textron in the third quarter worth about $1,078,000. 86.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $94.00 price objective on shares of Textron in a report on Tuesday, January 6th. TD Cowen reduced their target price on shares of Textron from $95.00 to $90.00 and set a “hold” rating on the stock in a report on Friday, October 24th. Morgan Stanley set a $92.00 price target on shares of Textron in a report on Thursday, January 29th. Wall Street Zen lowered Textron from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. Finally, Freedom Capital raised Textron to a “strong-buy” rating in a research report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $97.20.

Textron Stock Performance

Shares of Textron stock traded up $1.50 on Friday, hitting $94.35. The stock had a trading volume of 82,955 shares, compared to its average volume of 2,012,971. The stock has a market cap of $16.63 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 1.37 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 $96.98. The business’s 50 day moving average is $89.28 and its two-hundred day moving average is $84.15.

Textron (NYSE:TXT) last issued 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 firm had revenue of $3.61 billion during the quarter, compared to analyst estimates of $4.11 billion. During the same period in the prior year, the company earned $1.34 earnings per share. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Analysts forecast 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.