Textron Inc. $TXT Shares Purchased by Board of the Pension Protection Fund

Board of the Pension Protection Fund grew its position in shares of Textron Inc. (NYSE:TXT) by 182.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 18,900 shares of the aerospace company’s stock after purchasing an additional 12,200 shares during the quarter. Textron accounts for 1.6% of Board of the Pension Protection Fund’s portfolio, making the stock its 5th largest position. Board of the Pension Protection Fund’s holdings in Textron were worth $1,597,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of TXT. Callan Family Office LLC grew its stake in shares of Textron by 133.1% in the 2nd quarter. Callan Family Office LLC now owns 7,863 shares of the aerospace company’s stock worth $631,000 after purchasing an additional 4,490 shares during the last quarter. Millennium Management LLC grew its position in Textron by 128.7% in the first quarter. Millennium Management LLC now owns 1,113,026 shares of the aerospace company’s stock worth $80,416,000 after buying an additional 626,346 shares during the last quarter. Credit Agricole S A increased its holdings in shares of Textron by 11.3% in the first quarter. Credit Agricole S A now owns 55,686 shares of the aerospace company’s stock valued at $4,023,000 after buying an additional 5,653 shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of Textron during the 1st quarter valued at $3,544,000. Finally, Ethic Inc. boosted its stake in shares of Textron by 9.4% during the 2nd quarter. Ethic Inc. now owns 4,312 shares of the aerospace company’s stock worth $346,000 after acquiring an additional 372 shares in the last quarter. Institutional investors own 86.03% of the company’s stock.

Textron Stock Up 1.7%

TXT stock opened at $89.49 on Friday. The company has a 50 day moving average of $82.61 and a two-hundred day moving average of $81.49. The company has a market cap of $15.77 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 1.43 and a beta of 1.01. Textron Inc. has a 12-month low of $57.70 and a 12-month high of $89.92. The company has a quick ratio of 0.86, a current ratio of 1.84 and a debt-to-equity ratio of 0.45.

Textron (NYSE:TXT) last posted its quarterly earnings results on Thursday, October 23rd. The aerospace company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.47 by $0.08. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.70 billion. Textron had a net margin of 5.81% and a return on equity of 14.16%. Textron’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.40 EPS. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities analysts anticipate that Textron Inc. will post 6.12 earnings per share for the current fiscal year.

Textron Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Friday, December 12th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Textron’s payout ratio is presently 1.76%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TXT. Wall Street Zen raised Textron from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 27th. Sanford C. Bernstein reissued a “market perform” rating and issued a $90.00 price target on shares of Textron in a research note on Monday, October 27th. JPMorgan Chase & Co. cut their price objective on Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a report on Monday, October 27th. Citigroup began coverage on shares of Textron in a research note on Thursday, December 11th. They set a “neutral” rating and a $91.00 price objective for the company. Finally, UBS Group dropped their target price on shares of Textron from $92.00 to $89.00 and set a “neutral” rating on the stock in a research report on Friday, October 24th. Six analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Textron presently has a consensus rating of “Hold” and a consensus price target of $90.92.

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.