Baxter Bros Inc. Makes New $3.45 Million Investment in Textron Inc. $TXT

Key Points

• Baxter Bros Inc. acquired 37,608 Textron shares worth approximately $3.45 million in the second quarter. Institutional investors collectively own 86.03% of the company.
• Textron exceeded quarterly expectations, reporting $1.62 in EPS and $3.83 billion in revenue, with revenue up 3% year over year. The company reaffirmed fiscal 2026 EPS guidance of $6.40–$6.60.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $102.44, compared with a recent share price of $89.09.

Baxter Bros Inc. bought a new position in shares of Textron Inc. (NYSE:TXT - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 37,608 shares of the aerospace company's stock, valued at approximately $3,450,000.

A number of other large investors have also recently made changes to their positions in the stock. Motley Fool Asset Management LLC boosted its holdings in shares of Textron by 3.7% in the fourth quarter. Motley Fool Asset Management LLC now owns 3,008 shares of the aerospace company's stock valued at $262,000 after purchasing an additional 106 shares during the period. Parkside Financial Bank & Trust increased its holdings in Textron by 22.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 653 shares of the aerospace company's stock worth $57,000 after purchasing an additional 119 shares during the period. Capital Management Corp VA raised its position in Textron by 1.0% during the 4th quarter. Capital Management Corp VA now owns 12,477 shares of the aerospace company's stock valued at $1,088,000 after purchasing an additional 120 shares in the last quarter. Root Financial Partners LLC raised its position in Textron by 24.5% during the 4th quarter. Root Financial Partners LLC now owns 630 shares of the aerospace company's stock valued at $55,000 after purchasing an additional 124 shares in the last quarter. Finally, Essex Financial Services Inc. lifted its holdings in shares of Textron by 4.9% in the 1st quarter. Essex Financial Services Inc. now owns 2,712 shares of the aerospace company's stock worth $237,000 after buying an additional 127 shares during the period. 86.03% of the stock is owned by hedge funds and other institutional investors.

Textron Price Performance

TXT opened at $89.09 on Monday. The firm has a market capitalization of $15.32 billion, a PE ratio of 16.81, a price-to-earnings-growth ratio of 1.29 and a beta of 0.91. 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 business's 50-day moving average is $90.33 and its two-hundred day moving average is $91.55. Textron Inc. has a 1 year low of $78.12 and a 1 year high of $101.57.

Textron (NYSE:TXT - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The aerospace company reported $1.62 EPS for the quarter, beating the consensus estimate 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 prior year, the firm posted $1.55 earnings per share. The company's quarterly revenue was up 3.0% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Research analysts anticipate that Textron Inc. will post 6.5 earnings per share for the current fiscal year.

Textron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be given a $0.02 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Textron's dividend payout ratio (DPR) is presently 1.51%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TXT. Morgan Stanley set a $98.00 price target on Textron in a research report on Wednesday, July 29th. Weiss Ratings raised shares of Textron from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, July 13th. Jefferies Financial Group reiterated a "buy" rating on shares of Textron in a report on Sunday, May 3rd. TD Cowen cut their target price on shares of Textron from $115.00 to $105.00 and set a "hold" rating on the stock in a research report on Monday, July 13th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $95.00 price target on shares of Textron in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $102.44.

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.

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