Top 5 Aerospace Stocks To Buy According To Billionaire Mario Gabelli’s GAMCO Investors

Page 5 of 5

1. Textron Inc. (NYSE:TXT)

GAMCO Investors’ Stake Value: $113,348,000

Percentage of GAMCO Investors’ 13F Portfolio: 1.24% 

Number of Hedge Fund Holders: 23

Textron Inc. (NYSE:TXT) is a diversified aerospace and defense company that also serves in the industrial and financial services markets. On July 21, Textron Inc. (NYSE:TXT) announced that it has secured a roughly $354 million contract from the U.S. Army to manufacture and supply XM204 top attack munitions.

On July 28, Textron Inc. (NYSE:TXT) released earnings for the second quarter of fiscal 2022. The company reported earnings per share of $1.00 and beat estimates by $0.12. Textron Inc. (NYSE:TXT) generated a revenue of $3.15 billion for the quarter.

On July 29, Susquehanna analyst Charles Minervino revised his price target on Textron Inc. (NYSE:TXT) to $84 from $90 and maintained a Positive rating on the shares. On September 13, Bernstein analyst Douglas Harned initiated coverage of Textron Inc. (NYSE:TXT) with a Market Perform rating and a $74 price target.

At the end of the second quarter of 2022, 23 hedge funds were bullish on Textron Inc. (NYSE:TXT). The total stakes of these hedge funds amounted to $787 million. Of those, $113 million were of GAMCO Investors. The investment covers 1.24% of Mario Gabelli’s 13F portfolio.

You can also take a look at 10 Best Aerospace Stocks to Buy Now and Billionaire Mario Gabelli’s Top 10 Stock Picks.

Page 5 of 5