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

SummitTX Capital L.P. purchased a new stake in Textron Inc. (NYSE:TXT) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,373 shares of the aerospace company’s stock, valued at approximately $733,000.

Several other large investors have also added to or reduced their stakes in the business. State Street Corp lifted its stake in Textron by 2.6% in the fourth quarter. State Street Corp now owns 9,464,324 shares of the aerospace company’s stock valued at $825,193,000 after acquiring an additional 244,017 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Textron by 1.7% during the third quarter. Invesco Ltd. now owns 8,270,901 shares of the aerospace company’s stock worth $698,808,000 after acquiring an additional 140,713 shares during the period. Boston Partners grew its holdings in Textron by 0.9% in the 3rd quarter. Boston Partners now owns 7,257,533 shares of the aerospace company’s stock valued at $613,327,000 after buying an additional 66,747 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Textron by 51.1% in the fourth quarter. AQR Capital Management LLC now owns 5,357,182 shares of the aerospace company’s stock valued at $466,986,000 after acquiring an additional 1,811,787 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Textron by 18.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,551,781 shares of the aerospace company’s stock worth $222,455,000 after purchasing an additional 405,314 shares in the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on TXT shares. Wall Street Zen upgraded Textron from a “hold” rating to a “buy” rating in a research report on Monday, July 20th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a report on Sunday, May 3rd. TD Cowen reduced their price objective on shares of Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, July 13th. Weiss Ratings raised shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Finally, Morgan Stanley set a $98.00 target price on Textron in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Textron has an average rating of “Moderate Buy” and an average price target of $102.44.

Textron Stock Performance

NYSE TXT opened at $87.21 on Friday. The company has a market cap of $15.00 billion, a P/E ratio of 16.46, a PEG ratio of 1.30 and a beta of 0.90. The company 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. 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. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.81 billion. Textron had a net margin of 6.12% and a return on equity of 14.30%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $1.55 earnings per share. 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 fiscal year.

Insider Activity

In related news, Director R Kerry Clark sold 2,517 shares of the company’s stock in a transaction on 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 represents a 22.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.90% of the stock is currently owned by insiders.

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.