North Dakota State Investment Board Acquires New Position in Textron Inc. $TXT

North Dakota State Investment Board acquired a new stake in Textron Inc. (NYSE:TXT) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,112 shares of the aerospace company’s stock, valued at approximately $533,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Elyxium Wealth LLC bought a new position in Textron in the fourth quarter valued at approximately $30,000. Soltis Investment Advisors LLC bought a new position in Textron in the fourth quarter valued at approximately $257,000. Beese Fulmer Investment Management Inc. bought a new position in Textron in the fourth quarter valued at approximately $359,000. Canada Post Corp Registered Pension Plan increased its stake in Textron by 38.4% in the fourth quarter. Canada Post Corp Registered Pension Plan now owns 3,423 shares of the aerospace company’s stock valued at $298,000 after acquiring an additional 950 shares during the last quarter. Finally, AlphaCore Capital LLC bought a new position in Textron in the fourth quarter valued at approximately $202,000. 86.03% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Thomas A. Kennedy bought 10,300 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average price of $95.98 per share, with a total value of $988,594.00. Following the completion of the purchase, the director directly owned 20,162 shares of the company’s stock, valued at approximately $1,935,148.76. This represents a 104.44% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director R Kerry Clark sold 2,517 shares of Textron stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total transaction of $234,307.53. Following the transaction, the director directly owned 8,611 shares of the company’s stock, valued at $801,597.99. This represents a 22.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TXT. Weiss Ratings upgraded shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. TD Cowen upgraded shares of Textron from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. UBS Group raised their target price on shares of Textron from $99.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Citigroup raised their target price on shares of Textron from $97.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $101.18.

Textron Price Performance

Shares of NYSE:TXT opened at $90.32 on Friday. The firm has a market cap of $15.71 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 1.34 and a beta of 0.93. The firm’s fifty day moving average is $90.23 and its 200-day moving average is $89.91. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.87 and a current ratio of 1.84. Textron Inc. has a 52 week low of $72.00 and a 52 week high of $101.57.

Textron (NYSE:TXT) last issued its quarterly earnings results on Thursday, April 30th. The aerospace company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.15. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.50 billion. Textron had a net margin of 6.15% and a return on equity of 14.56%. Textron’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.28 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Sell-side analysts predict that Textron Inc. will post 6.6 earnings per share for the current year.

Textron Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, June 12th. Textron’s dividend payout ratio (DPR) is currently 1.53%.

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.