Illinois Municipal Retirement Fund Cuts Stock Holdings in Textron Inc. $TXT

Illinois Municipal Retirement Fund reduced its stake in Textron Inc. (NYSE:TXT) by 25.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,315 shares of the aerospace company’s stock after selling 20,003 shares during the period. Illinois Municipal Retirement Fund’s holdings in Textron were worth $4,843,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. True Wealth Design LLC increased its holdings in shares of Textron by 388.5% in the third quarter. True Wealth Design LLC now owns 298 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 237 shares during the last quarter. Assetmark Inc. increased its stake in Textron by 191.9% in the 2nd quarter. Assetmark Inc. now owns 324 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 213 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of Textron during the 2nd quarter worth approximately $27,000. Quent Capital LLC purchased a new stake in shares of Textron during the 3rd quarter worth approximately $33,000. Finally, Private Trust Co. NA boosted its position in shares of Textron by 155.6% during the 3rd quarter. Private Trust Co. NA now owns 460 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 280 shares during the last quarter. Institutional investors own 86.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TXT. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $94.00 price target on shares of Textron in a research note on Tuesday, January 6th. TD Cowen decreased their target price on shares of Textron from $95.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday, October 24th. Susquehanna reiterated a “positive” rating and issued a $110.00 price target on shares of Textron in a research report on Thursday, January 15th. JPMorgan Chase & Co. upped their price objective on Textron from $88.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. Finally, Jefferies Financial Group lowered their price objective on Textron from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Sunday, February 1st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $97.20.

Textron Stock Down 0.7%

Shares of NYSE TXT opened at $98.06 on Friday. Textron Inc. has a 1 year low of $57.70 and a 1 year high of $100.92. The firm has a 50-day simple moving average of $90.91 and a two-hundred day simple moving average of $84.78. The company has a market cap of $17.08 billion, a P/E ratio of 19.19, a PEG ratio of 1.48 and a beta of 0.99. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.97 and a quick ratio of 0.84.

Textron (NYSE:TXT) last issued its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $1.73 earnings per share 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 business had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter in the previous year, the company posted $1.34 earnings per share. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Research analysts anticipate that Textron Inc. will post 6.12 earnings per share for the current year.

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.