Louisiana State Employees Retirement System Makes New $779,000 Investment in Textron Inc. $TXT

Louisiana State Employees Retirement System bought a new position in shares of Textron Inc. (NYSE:TXT) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 8,900 shares of the aerospace company’s stock, valued at approximately $779,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TXT. State Street Corp grew its stake in shares of Textron by 2.6% in the fourth quarter. State Street Corp now owns 9,464,324 shares of the aerospace company’s stock valued at $825,193,000 after acquiring an additional 244,017 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Textron by 1.7% in the third quarter. Invesco Ltd. now owns 8,270,901 shares of the aerospace company’s stock valued at $698,808,000 after buying an additional 140,713 shares during the period. Boston Partners grew its position in Textron by 0.9% during the third quarter. Boston Partners now owns 7,257,533 shares of the aerospace company’s stock worth $613,327,000 after buying an additional 66,747 shares in the last quarter. AQR Capital Management LLC grew its position in Textron by 51.1% during the fourth quarter. AQR Capital Management LLC now owns 5,357,182 shares of the aerospace company’s stock worth $466,986,000 after buying an additional 1,811,787 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Textron by 18.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,551,781 shares of the aerospace company’s stock worth $222,455,000 after acquiring an additional 405,314 shares during the period. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on TXT shares. Jefferies Financial Group reissued a “buy” rating on shares of Textron in a report on Sunday, May 3rd. Citigroup boosted their target price on shares of Textron from $97.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. Wells Fargo & Company initiated coverage on shares of 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 shares of Textron from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings cut shares of Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Textron has an average rating of “Moderate Buy” and an average price target of $102.80.

Textron Stock Down 1.5%

Shares of NYSE TXT traded down $1.41 during trading on Tuesday, hitting $92.43. The stock had a trading volume of 26,710 shares, compared to its average volume of 1,593,157. The company has a market capitalization of $16.07 billion, a PE ratio of 17.67, a PEG ratio of 1.38 and a beta of 0.90. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.84 and a quick ratio of 0.87. The firm has a fifty day moving average of $91.04 and a two-hundred day moving average of $91.85. Textron Inc. has a 12 month low of $75.80 and a 12 month high of $101.57.

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

Textron Announces Dividend

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

Insider Buying and Selling at Textron

In other Textron news, Director R Kerry Clark sold 2,517 shares of the stock in a transaction that occurred 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 directly owned 8,611 shares in the company, valued at $801,597.99. This represents a 22.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas A. Kennedy purchased 10,300 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was purchased at an average cost 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 approximately $1,935,148.76. This trade represents a 104.44% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.90% of the stock is currently owned by corporate insiders.

Textron Company Profile

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.