6,112 Shares in Textron Inc. $TXT Bought by North Dakota State Investment Board

North Dakota State Investment Board bought a new position in shares of Textron Inc. (NYSE:TXT) in the fourth quarter, Holdings Channel.com reports. The fund bought 6,112 shares of the aerospace company’s stock, valued at approximately $533,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp increased its stake in Textron by 2.4% in the third quarter. State Street Corp now owns 9,220,307 shares of the aerospace company’s stock valued at $779,205,000 after purchasing an additional 212,857 shares in the last quarter. Invesco Ltd. increased its stake in 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 purchasing an additional 140,713 shares in the last quarter. Boston Partners increased its stake in Textron by 0.9% in the third quarter. Boston Partners now owns 7,257,533 shares of the aerospace company’s stock valued at $613,327,000 after purchasing an additional 66,747 shares in the last quarter. AQR Capital Management LLC increased its stake in Textron by 33.1% in the third quarter. AQR Capital Management LLC now owns 3,545,395 shares of the aerospace company’s stock valued at $298,239,000 after purchasing an additional 880,783 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Textron by 6.9% in the third quarter. Dimensional Fund Advisors LP now owns 2,146,467 shares of the aerospace company’s stock valued at $181,348,000 after purchasing an additional 138,128 shares in the last quarter. 86.03% of the stock is owned by institutional investors.

Insider Activity

In other Textron news, Director R Kerry Clark sold 2,517 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $93.09, for a total value of $234,307.53. Following the completion of the sale, the director directly owned 8,611 shares of the company’s stock, valued at approximately $801,597.99. This represents a 22.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas A. Kennedy acquired 10,300 shares of Textron stock in a transaction on Friday, May 1st. The stock was purchased at an average cost 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 in the company, valued at $1,935,148.76. This represents a 104.44% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 1.90% of the company’s stock.

Textron Trading Up 0.9%

NYSE:TXT opened at $90.32 on Friday. 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 50-day moving average of $90.23 and a 200-day moving average of $89.91. The company has a market cap of $15.71 billion, a PE ratio of 17.27, a PEG ratio of 1.34 and a beta of 0.93. Textron Inc. has a one year low of $72.00 and a one year high of $101.57.

Textron (NYSE:TXT) last posted 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. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm 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 expect that Textron Inc. will post 6.6 EPS for the current fiscal year.

Textron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Textron’s payout ratio is presently 1.53%.

Analysts Set New Price Targets

Several research firms have weighed in on TXT. JPMorgan Chase & Co. lifted their price target on shares of Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. TD Cowen raised shares of Textron from a “hold” rating to a “buy” rating in a research note on Thursday, April 30th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. Wells Fargo & Company started coverage on shares of Textron in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $92.00 target price for the company. Finally, UBS Group boosted their target price 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. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $101.18.

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.