Arbejdsmarkedets Tillaegspension Takes $24.49 Million Position in Textron Inc. $TXT

Arbejdsmarkedets Tillaegspension bought a new position in Textron Inc. (NYSE:TXT) in the 1st quarter, Holdings Channel.com reports. The fund bought 279,715 shares of the aerospace company’s stock, valued at approximately $24,492,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Teachers Retirement System of The State of Kentucky boosted its holdings in Textron by 4.2% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 323,869 shares of the aerospace company’s stock worth $28,358,000 after purchasing an additional 13,000 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Textron in the first quarter worth about $4,399,000. Carnegie Investment Counsel boosted its stake in shares of Textron by 21.3% during the 1st quarter. Carnegie Investment Counsel now owns 4,483 shares of the aerospace company’s stock worth $393,000 after acquiring an additional 787 shares in the last quarter. 180 Wealth Advisors LLC boosted its stake in shares of Textron by 88.7% during the 1st quarter. 180 Wealth Advisors LLC now owns 5,875 shares of the aerospace company’s stock worth $514,000 after acquiring an additional 2,762 shares in the last quarter. Finally, Citizens Financial Group Inc. RI increased its holdings in shares of Textron by 9.8% during the 1st quarter. Citizens Financial Group Inc. RI now owns 14,818 shares of the aerospace company’s stock valued at $1,298,000 after acquiring an additional 1,320 shares during the last quarter. Institutional investors own 86.03% of the company’s stock.

Insiders Place Their Bets

In related news, Director Thomas A. Kennedy purchased 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 acquisition, the director directly owned 20,162 shares in the company, valued at approximately $1,935,148.76. This trade represents a 104.44% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director R Kerry Clark sold 2,517 shares of the firm’s stock in a transaction 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 sale, the director owned 8,611 shares in the company, valued at $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 Performance

TXT opened at $89.41 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.84 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average price is $91.08 and its two-hundred day moving average price is $91.89. The firm has a market capitalization of $15.55 billion, a P/E ratio of 17.10, a price-to-earnings-growth ratio of 1.36 and a beta of 0.90. 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. 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 analyst estimates of $3.50 billion. During the same period in the previous year, the company earned $1.28 earnings per share. The company’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, equities analysts forecast that Textron Inc. will post 6.6 earnings per share for the current year.

Textron Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TXT shares. JPMorgan Chase & Co. boosted their target price on Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Jefferies Financial Group reiterated a “buy” rating on shares of Textron in a report on Sunday, May 3rd. Wells Fargo & Company initiated coverage on shares of Textron in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $92.00 price target on the stock. Citigroup boosted their price objective on shares of Textron from $97.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. Finally, Wall Street Zen downgraded shares of Textron from a “buy” rating to a “hold” rating in a report on Sunday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Textron currently has a consensus rating of “Hold” and an average price target of $104.30.

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.