Soltis Investment Advisors LLC lifted its position in Textron Inc. (NYSE:TXT – Free Report) by 337.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,580 shares of the aerospace company’s stock after purchasing an additional 12,018 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Textron were worth $1,187,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of TXT. Corient Private Wealth LP acquired a new position in shares of Textron in the 2nd quarter valued at $10,329,000. State Street Corp lifted its holdings in shares of Textron by 0.9% during the 2nd quarter. State Street Corp now owns 9,830,439 shares of the aerospace company’s stock worth $901,942,000 after acquiring an additional 86,141 shares during the period. Bank of America Corp DE acquired a new stake in shares of Textron during the 2nd quarter valued at about $63,076,000. Jupiter Topco LLC bought a new stake in Textron in the second quarter valued at about $1,194,000. Finally, Contravisory Investment Management Inc. acquired a new position in Textron in the second quarter worth about $1,148,000. Institutional investors and hedge funds own 86.03% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have commented on TXT. Weiss Ratings cut shares of Textron from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. UBS Group reiterated a “neutral” rating and issued a $95.00 price objective on shares of Textron in a research note on Wednesday, July 29th. Citigroup dropped their target price on Textron from $99.00 to $86.00 and set a “neutral” rating for the company in a report on Wednesday, October 7th. Wall Street Zen downgraded Textron from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Morgan Stanley decreased their price target on Textron from $98.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Textron presently has an average rating of “Hold” and an average price target of $99.11.
View Our Latest Stock Analysis on TXT
Textron Trading Down 2.0%
Shares of Textron stock opened at $85.68 on Friday. The stock has a market capitalization of $14.74 billion, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 1.26 and a beta of 0.91. The company has a quick ratio of 0.85, a current ratio of 1.66 and a debt-to-equity ratio of 0.38. The company has a 50-day simple moving average of $78.57 and a 200 day simple moving average of $88.32. Textron Inc. has a 12-month low of $71.87 and a 12-month high of $101.57.
Textron (NYSE:TXT – Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The aerospace company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.33. The firm had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.77 billion. Textron had a net margin of 6.30% and a return on equity of 14.34%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the firm posted $1.55 EPS. Research analysts expect that Textron Inc. will post 6.57 earnings per share for the current fiscal year.
Textron Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, January 1st. Stockholders of record on Friday, December 11th will be paid a $0.02 dividend. The ex-dividend date is Friday, December 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Textron’s payout ratio is 1.51%.
Key Stories Impacting Textron
Here are the key news stories impacting Textron this week:
- Positive Sentiment: Earnings beat expectations: Textron reported adjusted EPS of $1.76, well above the $1.43 consensus estimate and up from $1.55 a year earlier. Revenue increased 4.1% year over year to approximately $3.75 billion, broadly near expectations. Textron Q3 Earnings Beat Estimates
- Positive Sentiment: Higher 2026 guidance: Management raised its adjusted EPS forecast to $6.55–$6.65 and increased its manufacturing cash-flow outlook before pension contributions to $800 million–$900 million. The improved outlook gives investors greater confidence in earnings and free-cash-flow momentum. Textron surges after earnings beat and higher 2026 outlook
- Positive Sentiment: Aviation performance improved: Textron Aviation revenue rose 14% to $1.68 billion, helped by 51 Citation jet deliveries versus 42 in the prior-year quarter. Investors are viewing the stronger delivery rate as evidence of healthier demand and execution. Textron Q3 Earnings Outpace Estimates
- Positive Sentiment: Defense-program visibility: Congressional approval related to the U.S. Army’s MV-75 Cheyenne request and contract modifications may improve confidence in future defense revenue. Textron also received substantial government awards over the past year, including funding tied to the Future Vertical Lift program.
- Positive Sentiment: Technical momentum: TXT moved above its 50-day moving average, a signal that can encourage short-term technical buying after the earnings-driven rally. Textron Just Overtook the 50-Day Moving Average
- Neutral Sentiment: Mixed portfolio signals: Institutional activity was divided, with several large investors adding shares while others reduced their positions. Recent insider activity was also mixed, including one significant purchase and one sale.
- Neutral Sentiment: Small dividend: Textron declared a quarterly dividend of $0.02 per share, equivalent to a roughly 0.1% yield. The payout provides limited income support but is unlikely to be a major stock catalyst. Textron earnings report
- Negative Sentiment: Mixed segment performance: Bell revenue declined 9% to $933 million, partially offsetting strength in Aviation and Textron Systems. The decline highlights continuing execution or demand risks in parts of the aerospace and defense portfolio.
Textron Company Profile
Textron Inc (NYSE:TXT) is a diversified industrial company that develops and manufactures aircraft, helicopters, specialized vehicles, defense systems and other industrial products. Founded in 1923 by Royal Little, the company has grown through the development and acquisition of businesses serving commercial, government and consumer markets.
Textron Aviation produces business jets, turboprop aircraft and general aviation aircraft under the Cessna and Beechcraft brands. Bell designs and manufactures military and commercial helicopters, tiltrotor aircraft and related support services.
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