Centiva Capital LP and
Bridgefront Capital LLC made sizable investments in
Textron Inc. (NYSE:TXT), reflecting strong market confidence in TXT. Multiple analysts, including Susquehanna and UBS, retained their buy ratings despite some market challenges. Furthermore, in Q1 2025, the company reported sales of $3.3 billion, beating estimates, and a consensus analyst rating of 'Hold'.
TXT is now one of the top defense stock picks in Goldman Sachs' portfolio. However, the stock has declined 7.4% since the previous earnings report. Large investment firms such as Northern Trust Corp and Balyasny Asset Management L.P have bought shares, while others like Kovitz Investment Group Partners LLC maintain significant stakes. There is also a notable institutional shareholding of 87%. Even as uncertainties surround Textron's Robotic Combat Vehicle Program, the company continues its innovation spree with state-of-the-art developments for workforce development, making it a preferred investment for hedge funds. Despite some risks, TXT shows strong potential prospects, with improvements noted in recent quarterly results.
Textron TXT News Analytics from Mon, 09 Dec 2024 08:00:00 GMT to Sat, 10 May 2025 12:17:07 GMT -
Rating 6
- Innovation 3
- Information 8
- Rumor 2
