VIRGINIA RETIREMENT SYSTEMS ET Al Sells 66,300 Shares of Textron Inc. $TXT

VIRGINIA RETIREMENT SYSTEMS ET Al trimmed its position in Textron Inc. (NYSE:TXT) by 16.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 325,700 shares of the aerospace company’s stock after selling 66,300 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.19% of Textron worth $24,818,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in Textron during the 2nd quarter worth approximately $1,434,125,000. State Street Corp lifted its position in Textron by 0.9% during the second quarter. State Street Corp now owns 9,830,439 shares of the aerospace company’s stock valued at $901,942,000 after buying an additional 86,141 shares in the last quarter. Primecap Management Co. CA acquired a new position in Textron during the second quarter valued at approximately $111,723,000. Bank of New York Mellon Corp purchased a new stake in Textron during the second quarter worth approximately $105,946,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Textron by 31.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 954,138 shares of the aerospace company’s stock worth $87,523,000 after acquiring an additional 227,607 shares in the last quarter. 86.03% of the stock is owned by institutional investors and hedge funds.

Textron Stock Down 2.0%

TXT stock opened at $85.68 on Friday. Textron Inc. has a twelve month low of $71.87 and a twelve month high of $101.57. The company has a current ratio of 1.66, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $14.74 billion, a P/E ratio of 15.44, a PEG ratio of 1.23 and a beta of 0.91. The firm has a 50 day simple moving average of $78.57 and a 200-day simple moving average of $88.32.

Textron (NYSE:TXT) last issued its quarterly earnings results on Thursday, October 29th. The aerospace company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.43 by $0.33. Textron had a net margin of 6.30% and a return on equity of 14.34%. The business had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter last year, the company posted $1.55 earnings per share. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, equities research analysts predict that Textron Inc. will post 6.60 earnings per share for the current fiscal year.

Textron Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 1st. Shareholders of record on Friday, December 11th will be given a $0.02 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s dividend payout ratio (DPR) is currently 1.44%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TXT. Wall Street Zen downgraded shares of Textron from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Morgan Stanley decreased their price target on shares of Textron from $98.00 to $86.00 and set an “equal weight” rating for the company in a research report on Friday, October 16th. TD Cowen lowered their price target on Textron from $105.00 to $100.00 and set a “buy” rating for the company in a report on Friday, October 9th. UBS Group reiterated a “neutral” rating and issued a $95.00 price target on shares of Textron in a report on Wednesday, July 29th. Finally, Weiss Ratings lowered Textron from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $99.11.

Textron News Summary

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 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.