VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Textron Inc. $TXT

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Textron Inc. (NYSE:TXT) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 392,000 shares of the aerospace company’s stock, valued at approximately $35,958,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TXT. Motley Fool Asset Management LLC boosted its holdings in Textron by 3.7% in the fourth quarter. Motley Fool Asset Management LLC now owns 3,008 shares of the aerospace company’s stock valued at $262,000 after purchasing an additional 106 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Textron by 22.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 653 shares of the aerospace company’s stock valued at $57,000 after buying an additional 119 shares during the last quarter. Root Financial Partners LLC lifted its holdings in shares of Textron by 24.5% in the 4th quarter. Root Financial Partners LLC now owns 630 shares of the aerospace company’s stock valued at $55,000 after buying an additional 124 shares during the period. Essex Financial Services Inc. lifted its holdings in shares of Textron by 4.9% in the 1st quarter. Essex Financial Services Inc. now owns 2,712 shares of the aerospace company’s stock valued at $237,000 after buying an additional 127 shares during the period. Finally, Glenmede Investment Management LP boosted its stake in shares of Textron by 1.0% in the third quarter. Glenmede Investment Management LP now owns 14,123 shares of the aerospace company’s stock worth $1,193,000 after buying an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Stock Performance

NYSE TXT opened at $78.92 on Tuesday. The stock has a market capitalization of $13.57 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 1.15 and a beta of 0.90. The stock has a 50-day moving average of $87.67 and a 200 day moving average of $90.30. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.43. Textron Inc. has a twelve month low of $78.12 and a twelve month high of $101.57.

Textron (NYSE:TXT) last issued its quarterly earnings data on Tuesday, July 28th. The aerospace company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.55 by $0.07. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.81 billion. Textron had a return on equity of 14.30% and a net margin of 6.12%.Textron’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company earned $1.55 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Sell-side analysts anticipate that Textron Inc. will post 6.5 EPS for the current fiscal year.

Textron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Textron’s dividend payout ratio (DPR) is currently 1.51%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TXT. UBS Group reaffirmed a “neutral” rating and set a $95.00 target price on shares of Textron in a report on Wednesday, July 29th. TD Cowen dropped their price objective on shares of Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, July 13th. Morgan Stanley set a $98.00 target price on shares of Textron in a report on Wednesday, July 29th. Weiss Ratings upgraded shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. Finally, Wall Street Zen downgraded shares of Textron from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Textron presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.44.

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.