Teachers Retirement System of The State of Kentucky Acquires 13,000 Shares of Textron Inc. $TXT

Teachers Retirement System of The State of Kentucky grew its holdings in Textron Inc. (NYSE:TXT) by 4.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 323,869 shares of the aerospace company’s stock after acquiring an additional 13,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Textron were worth $28,358,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its stake in shares of Textron by 22.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,191,811 shares of the aerospace company’s stock valued at $103,890,000 after purchasing an additional 218,201 shares in the last quarter. CWA Asset Management Group LLC bought a new position in Textron in the fourth quarter worth about $1,988,000. New York State Teachers Retirement System raised its stake in Textron by 10.7% in the fourth quarter. New York State Teachers Retirement System now owns 156,485 shares of the aerospace company’s stock worth $13,641,000 after buying an additional 15,159 shares in the last quarter. Econ Financial Services Corp purchased a new stake in Textron in the fourth quarter worth about $1,879,000. Finally, National Pension Service lifted its holdings in Textron by 17.5% in the fourth quarter. National Pension Service now owns 98,656 shares of the aerospace company’s stock worth $8,600,000 after buying an additional 14,701 shares during the period. 86.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TXT has been the topic of a number of research analyst reports. Weiss Ratings downgraded Textron from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 26th. Wall Street Zen cut Textron from a “buy” rating to a “hold” rating in a research note on Sunday. Wells Fargo & Company initiated coverage on Textron in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $92.00 price target on the stock. TD Cowen upgraded Textron from a “hold” rating to a “buy” rating in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. raised their price objective on Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $102.80.

Insider Activity

In other news, Director Thomas A. Kennedy purchased 10,300 shares of Textron stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average price of $95.98 per share, with a total value of $988,594.00. Following the completion of the transaction, the director directly owned 20,162 shares of the company’s stock, valued at approximately $1,935,148.76. The trade was a 104.44% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director R Kerry Clark sold 2,517 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total transaction of $234,307.53. Following the completion of the transaction, the director owned 8,611 shares of the company’s stock, valued at approximately $801,597.99. The trade was a 22.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.90% of the company’s stock.

Textron Stock Up 0.0%

TXT stock opened at $90.93 on Monday. The business has a 50 day moving average of $91.21 and a 200 day moving average of $91.90. The firm has a market cap of $15.81 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 1.36 and a beta of 0.90. Textron Inc. has a twelve month low of $75.80 and a twelve month high of $101.57. The company has a quick ratio of 0.87, a current ratio of 1.84 and a debt-to-equity ratio of 0.43.

Textron (NYSE:TXT) last released its earnings results on Thursday, April 30th. The aerospace company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.30 by $0.15. Textron had a return on equity of 14.56% and a net margin of 6.15%.The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the previous year, the company posted $1.28 earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, research analysts forecast that Textron Inc. will post 6.6 EPS for the current fiscal year.

Textron Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Friday, June 12th were paid a $0.02 dividend. The ex-dividend date was Friday, June 12th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Textron’s payout ratio is presently 1.53%.

About Textron

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.