National Pension Service Increases Stock Position in Textron Inc. $TXT

National Pension Service boosted its stake in Textron Inc. (NYSE:TXT) by 17.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,656 shares of the aerospace company’s stock after purchasing an additional 14,701 shares during the quarter. National Pension Service’s holdings in Textron were worth $8,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. raised its stake in Textron by 10.3% in the third quarter. Envestnet Asset Management Inc. now owns 166,532 shares of the aerospace company’s stock valued at $14,070,000 after purchasing an additional 15,550 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Textron in the 4th quarter worth approximately $1,988,000. New York State Teachers Retirement System lifted its holdings in shares of Textron by 10.7% in the 4th quarter. New York State Teachers Retirement System now owns 156,485 shares of the aerospace company’s stock worth $13,641,000 after acquiring an additional 15,159 shares during the last quarter. Inceptionr LLC bought a new stake in shares of Textron in the 3rd quarter worth approximately $905,000. Finally, Perbak Capital Partners LLP bought a new stake in shares of Textron in the 3rd quarter worth approximately $1,329,000. 86.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Textron

In related news, Director R Kerry Clark sold 2,517 shares of Textron stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $93.09, for a total value of $234,307.53. Following the sale, the director owned 8,611 shares in the company, valued at $801,597.99. The trade was a 22.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas A. Kennedy purchased 10,300 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average price of $95.98 per share, for a total transaction of $988,594.00. Following the acquisition, the director owned 20,162 shares of the company’s stock, valued at $1,935,148.76. This represents a 104.44% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TXT. Morgan Stanley set a $109.00 price objective on shares of Textron in a report on Monday, May 4th. TD Cowen upgraded shares of Textron from a “hold” rating to a “buy” rating in a report on Thursday, April 30th. Citigroup boosted their price objective on shares of Textron from $97.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Jefferies Financial Group restated a “buy” rating on shares of Textron in a report on Sunday, May 3rd. Finally, UBS Group boosted their price objective on shares of Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Textron has a consensus rating of “Hold” and a consensus price target of $101.18.

Textron Stock Performance

NYSE:TXT opened at $89.81 on Tuesday. The stock has a market cap of $15.62 billion, a P/E ratio of 17.17, a price-to-earnings-growth ratio of 1.37 and a beta of 0.91. The firm’s fifty day simple moving average is $90.34 and its 200 day simple moving average is $90.44. Textron Inc. has a twelve month low of $72.76 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 quarterly earnings results on Thursday, April 30th. The aerospace company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.15. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.50 billion. Textron had a net margin of 6.15% and a return on equity of 14.56%. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.28 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, research analysts predict that Textron Inc. will post 6.6 EPS for the current year.

Textron Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be issued a $0.02 dividend. The ex-dividend date is Friday, June 12th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s payout ratio is 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.