Louisiana State Employees Retirement System Takes Position in Textron Inc. $TXT

Louisiana State Employees Retirement System acquired a new position in shares of Textron Inc. (NYSE:TXT) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,900 shares of the aerospace company’s stock, valued at approximately $779,000.

Several other institutional investors and hedge funds have also made changes to their positions in TXT. AQR Capital Management LLC boosted its stake in shares of 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 during the period. Adage Capital Partners GP L.L.C. grew its stake in Textron by 270.7% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,005,843 shares of the aerospace company’s stock valued at $80,759,000 after acquiring an additional 734,478 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Textron during the 3rd quarter worth approximately $56,255,000. SG Americas Securities LLC boosted its stake in shares of Textron by 8,087.0% during the fourth quarter. SG Americas Securities LLC now owns 429,492 shares of the aerospace company’s stock valued at $37,439,000 after acquiring an additional 424,246 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of 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 owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Thomas A. Kennedy acquired 10,300 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was acquired 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 owned 20,162 shares of the company’s stock, valued at approximately $1,935,148.76. This represents a 104.44% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director R Kerry Clark sold 2,517 shares of the business’s 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 owned 8,611 shares in the company, valued at approximately $801,597.99. This represents a 22.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.90% of the stock is owned by corporate insiders.

Textron Stock Down 1.5%

NYSE TXT traded down $1.41 on Tuesday, reaching $92.43. The stock had a trading volume of 26,710 shares, compared to its average volume of 1,593,157. The business has a 50 day moving average price of $91.04 and a 200 day moving average price of $91.85. Textron Inc. has a 1 year low of $75.80 and a 1 year high of $101.57. The company has a market capitalization of $16.07 billion, a price-to-earnings ratio of 17.67, a P/E/G ratio of 1.38 and a beta of 0.90. The company has a current ratio of 1.84, a quick ratio of 0.87 and a debt-to-equity ratio of 0.43.

Textron (NYSE:TXT) last announced its quarterly earnings results on Thursday, April 30th. The aerospace company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.15. Textron had a return on equity of 14.56% and a net margin of 6.15%.The company had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the previous year, the firm earned $1.28 earnings per share. The business’s quarterly revenue 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, analysts forecast that Textron Inc. will post 6.6 EPS for the current fiscal year.

Textron Announces Dividend

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

Wall Street Analysts Forecast Growth

TXT has been the topic of a number of research analyst reports. Weiss Ratings cut Textron from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 26th. Wells Fargo & Company started coverage on shares of Textron in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $92.00 target price for the company. UBS Group boosted their price target on shares of Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Citigroup upped their price objective on Textron from $97.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, April 2nd. Finally, Morgan Stanley set a $109.00 price target on Textron in a 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $102.80.

Textron 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.