Pacer Advisors Inc. Boosts Holdings in Textron Inc. $TXT

Pacer Advisors Inc. increased its position in Textron Inc. (NYSE:TXT) by 4,104.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 606,117 shares of the aerospace company’s stock after purchasing an additional 591,702 shares during the period. Pacer Advisors Inc.’s holdings in Textron were worth $53,072,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Activest Wealth Management increased its stake in Textron by 3,255.6% during the 4th 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 bought a new position in shares of Textron in the fourth quarter worth approximately $26,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Textron during the first quarter valued at approximately $29,000. Elyxium Wealth LLC bought a new stake in shares of Textron during the fourth quarter valued at approximately $30,000. Finally, Strive Financial Group LLC bought a new stake in shares of Textron during the fourth quarter valued at approximately $31,000. 86.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director R Kerry Clark sold 2,517 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total transaction 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. This trade represents a 22.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TXT has been the topic of several analyst reports. Weiss Ratings raised Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Morgan Stanley set a $98.00 target price on Textron in a report on Wednesday, July 29th. TD Cowen decreased their price target on Textron from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a report on Sunday, May 3rd. Finally, JPMorgan Chase & Co. increased their price objective on Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. One equities research 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 stock. According to data from MarketBeat, Textron currently has an average rating of “Moderate Buy” and a consensus price target of $102.44.

Textron Trading Up 1.3%

Shares of TXT stock opened at $86.34 on Tuesday. The firm has a fifty day moving average price of $90.85 and a 200-day moving average price of $91.92. Textron Inc. has a 1 year low of $76.45 and a 1 year high of $101.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.86 and a quick ratio of 0.85. The company has a market cap of $14.85 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 1.24 and a beta of 0.90.

Textron (NYSE:TXT) last posted its quarterly earnings data on Tuesday, July 28th. The aerospace company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.55 by $0.07. Textron had a return on equity of 14.30% and a net margin of 6.12%.The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter last year, the company earned $1.55 earnings per share. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, equities analysts predict that Textron Inc. will post 6.5 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.