National Pension Service Boosts Stake in Textron Inc. $TXT

National Pension Service increased its stake in Textron Inc. (NYSE:TXT) by 28.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 83,955 shares of the aerospace company’s stock after purchasing an additional 18,782 shares during the quarter. National Pension Service’s holdings in Textron were worth $7,093,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TXT. AlphaQuest LLC increased its position in Textron by 22.6% in the third quarter. AlphaQuest LLC now owns 14,662 shares of the aerospace company’s stock worth $1,239,000 after buying an additional 2,704 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Textron by 0.3% during the 3rd quarter. Arizona State Retirement System now owns 53,256 shares of the aerospace company’s stock valued at $4,500,000 after acquiring an additional 172 shares during the period. AE Wealth Management LLC grew its stake in shares of Textron by 9.0% during the 3rd quarter. AE Wealth Management LLC now owns 32,707 shares of the aerospace company’s stock valued at $2,763,000 after acquiring an additional 2,707 shares during the period. TD Waterhouse Canada Inc. purchased a new stake in Textron in the 3rd quarter worth approximately $269,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Textron by 11.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,825 shares of the aerospace company’s stock worth $2,097,000 after acquiring an additional 2,494 shares during the period. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

Textron Stock Performance

NYSE TXT opened at $88.60 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.82 and a quick ratio of 0.84. Textron Inc. has a 1-year low of $57.70 and a 1-year high of $96.98. The business has a 50 day simple moving average of $88.93 and a two-hundred day simple moving average of $84.04. The stock has a market capitalization of $15.61 billion, a PE ratio of 17.34, a P/E/G ratio of 1.34 and a beta of 0.99.

Textron (NYSE:TXT) last issued its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $1.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.01). Textron had a return on equity of 14.63% and a net margin of 6.22%.The firm had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same period last year, the company earned $1.34 earnings per share. The firm’s revenue was up 15.6% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, research analysts predict that Textron Inc. will post 6.12 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TXT shares. Jefferies Financial Group dropped their price target on shares of Textron from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Sunday. Sanford C. Bernstein restated a “market perform” rating and set a $94.00 target price on shares of Textron in a research note on Tuesday, January 6th. Freedom Capital upgraded Textron to a “strong-buy” rating in a research note on Friday, January 16th. JPMorgan Chase & Co. raised their price target on Textron from $88.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Finally, Wall Street Zen downgraded Textron from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Textron presently has an average rating of “Hold” and a consensus target price of $97.20.

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.