SummitTX Capital L.P. Invests $733,000 in Textron Inc. $TXT

SummitTX Capital L.P. bought a new stake in Textron Inc. (NYSE:TXT) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,373 shares of the aerospace company’s stock, valued at approximately $733,000.

A number of other hedge funds have also bought and sold shares of TXT. AQR Capital Management LLC raised its stake in shares of Textron by 51.1% during the 4th quarter. AQR Capital Management LLC now owns 5,357,182 shares of the aerospace company’s stock worth $466,986,000 after purchasing an additional 1,811,787 shares during the period. Adage Capital Partners GP L.L.C. raised its position in Textron by 270.7% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,005,843 shares of the aerospace company’s stock worth $80,759,000 after acquiring an additional 734,478 shares during the period. Balyasny Asset Management L.P. bought a new stake in Textron in the third quarter worth about $56,255,000. Dimensional Fund Advisors LP boosted its stake in Textron by 18.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,551,781 shares of the aerospace company’s stock valued at $222,455,000 after acquiring an additional 405,314 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Textron during the 1st quarter valued at approximately $34,274,000. 86.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TXT has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. JPMorgan Chase & Co. increased their price objective on Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Citigroup raised their target price on Textron from $97.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, April 2nd. Wall Street Zen upgraded Textron from a “hold” rating to a “buy” rating in a research note on Monday, July 20th. Finally, Morgan Stanley set a $98.00 price target on Textron in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.44.

Textron Stock Performance

NYSE TXT opened at $87.21 on Friday. The firm has a market cap of $15.00 billion, a P/E ratio of 16.46, a price-to-earnings-growth ratio of 1.30 and a beta of 0.90. The company has a quick ratio of 0.87, a current ratio of 1.86 and a debt-to-equity ratio of 0.43. The company’s 50 day moving average is $91.09 and its 200-day moving average is $92.03. Textron Inc. has a 12-month low of $75.80 and a 12-month high of $101.57.

Textron (NYSE:TXT) last released its quarterly earnings data on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.07. Textron had a net margin of 6.12% and a return on equity of 14.30%. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same period in the previous year, the business earned $1.55 EPS. Textron’s revenue was up 3.0% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Sell-side analysts predict that Textron Inc. will post 6.51 earnings per share for the current year.

Insider Activity at Textron

In other news, Director R Kerry Clark sold 2,517 shares of Textron stock in a transaction 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 transaction, the director directly 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 can be accessed through the SEC website. 1.90% of the stock is owned by insiders.

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.