California State Teachers Retirement System Has $26.34 Million Stock Holdings in Textron Inc. (NYSE:TXT)

California State Teachers Retirement System lifted its position in Textron Inc. (NYSE:TXTFree Report) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 327,558 shares of the aerospace company’s stock after acquiring an additional 10,863 shares during the period. California State Teachers Retirement System owned approximately 0.17% of Textron worth $26,342,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. SageView Advisory Group LLC acquired a new stake in shares of Textron in the 4th quarter valued at approximately $922,000. Charles Schwab Investment Management Inc. raised its position in shares of Textron by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,692,173 shares of the aerospace company’s stock valued at $136,085,000 after acquiring an additional 19,769 shares during the period. Deutsche Bank AG raised its holdings in Textron by 36.9% during the 3rd quarter. Deutsche Bank AG now owns 542,193 shares of the aerospace company’s stock worth $42,367,000 after buying an additional 146,055 shares during the period. AustralianSuper Pty Ltd raised its holdings in Textron by 13.2% during the 4th quarter. AustralianSuper Pty Ltd now owns 98,773 shares of the aerospace company’s stock worth $7,943,000 after buying an additional 11,510 shares during the period. Finally, SG Americas Securities LLC raised its holdings in Textron by 269.1% during the 4th quarter. SG Americas Securities LLC now owns 20,896 shares of the aerospace company’s stock worth $1,680,000 after buying an additional 15,235 shares during the period. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Textron

In related news, Director Kathleen M. Bader sold 11,870 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $87.91, for a total value of $1,043,491.70. Following the completion of the transaction, the director now directly owns 3,756 shares of the company’s stock, valued at $330,189.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is owned by company insiders.

Textron Price Performance

Shares of TXT opened at $86.55 on Thursday. The stock has a market capitalization of $16.51 billion, a P/E ratio of 18.49, a P/E/G ratio of 1.38 and a beta of 1.28. Textron Inc. has a twelve month low of $63.05 and a twelve month high of $97.33. The company has a 50 day moving average of $90.39 and a 200-day moving average of $85.95. The company has a quick ratio of 0.84, a current ratio of 1.81 and a debt-to-equity ratio of 0.46.

Textron (NYSE:TXTGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The aerospace company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.08). The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.29 billion. Textron had a return on equity of 16.30% and a net margin of 6.75%. Textron’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.05 earnings per share. As a group, equities research analysts forecast that Textron Inc. will post 6.27 EPS for the current fiscal year.

Textron Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be paid a $0.02 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. Textron’s dividend payout ratio is presently 1.71%.

Wall Street Analysts Forecast Growth

Several analysts have commented on TXT shares. Bank of America upgraded shares of Textron from a “neutral” rating to a “buy” rating and raised their target price for the stock from $85.00 to $105.00 in a report on Friday, March 8th. The Goldman Sachs Group raised their target price on shares of Textron from $103.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. StockNews.com downgraded shares of Textron from a “strong-buy” rating to a “buy” rating in a report on Friday, April 26th. Susquehanna dropped their target price on shares of Textron from $110.00 to $105.00 and set a “positive” rating on the stock in a report on Friday, April 26th. Finally, Citigroup raised their target price on shares of Textron from $104.00 to $111.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $99.29.

Check Out Our Latest Stock Analysis on TXT

Textron Profile

(Free Report)

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts.

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Institutional Ownership by Quarter for Textron (NYSE:TXT)

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