Billionaire Mario Gabelli’s Top 15 Stock Picks

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7. Textron Inc. (NYSE:TXT)

Number of Hedge Fund Holders: 31  

GAMCO Investors’ Stake: $128.5 million 

Textron Inc. (NYSE:TXT) operates as an aerospace and defense firm. The following key aspects make this company a standout investment. To start with, the company signals robust financial growth as depicted in the report for the fourth quarter of 2024. For instance, earnings per share was $0.76 and adjusted EPS was $1.34, which indicates better financial health and profitability. In addition, full-year share repurchases were $1.1 billion, reflecting the company’s confidence in its future prospects and a commitment to enhancing shareholder value. Secondly, the company has announced the launch of EvoX, specialized aftermarket upgrade packages designed for Cessna Citation and Beechcraft King Air customers who are seeking the latest aircraft upgrades and modifications to maximize the value of their aircraft.

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