Kentucky Retirement Systems Makes New $2.03 Million Investment in Textron Inc. $TXT

Kentucky Retirement Systems acquired a new stake in Textron Inc. (NYSE:TXT) during the first quarter, HoldingsChannel reports. The firm acquired 23,212 shares of the aerospace company’s stock, valued at approximately $2,032,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TXT. Goldman Sachs Group Inc. grew its stake in shares of Textron by 22.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,191,811 shares of the aerospace company’s stock worth $103,890,000 after acquiring an additional 218,201 shares during the last quarter. New York State Teachers Retirement System raised its stake in Textron by 10.7% during the 4th quarter. New York State Teachers Retirement System now owns 156,485 shares of the aerospace company’s stock valued at $13,641,000 after purchasing an additional 15,159 shares during the last quarter. National Pension Service boosted its holdings in Textron by 17.5% in the 4th quarter. National Pension Service now owns 98,656 shares of the aerospace company’s stock valued at $8,600,000 after purchasing an additional 14,701 shares during the period. Bfsg LLC acquired a new stake in Textron in the 4th quarter worth $7,255,000. Finally, Jefferies Financial Group Inc. acquired a new stake in Textron in the 4th quarter worth $18,521,000. 86.03% of the stock is owned by hedge funds and other institutional investors.

Textron Price Performance

NYSE:TXT opened at $87.21 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.87 and a current ratio of 1.86. The company has a 50-day moving average of $91.09 and a 200-day moving average of $92.03. Textron Inc. has a 52 week low of $75.80 and a 52 week high of $101.57. The company has a market capitalization of $15.00 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 1.30 and a beta of 0.90.

Textron (NYSE:TXT) last posted its earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.07. Textron had a net margin of 6.12% and a return on equity of 14.30%. The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter in the previous year, the firm posted $1.55 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, equities research analysts anticipate that Textron Inc. will post 6.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. TD Cowen cut their price objective on shares of Textron from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, July 13th. Citigroup boosted their price target on Textron from $97.00 to $99.00 and gave the company a “neutral” rating in a research note on Thursday, April 2nd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a report on Sunday, May 3rd. JPMorgan Chase & Co. raised their price objective on Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, Weiss Ratings raised Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $102.44.

Insiders Place Their Bets

In other Textron news, Director R Kerry Clark sold 2,517 shares of Textron stock in a transaction that occurred 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 sale, the director directly owned 8,611 shares of the company’s stock, valued at approximately $801,597.99. The trade was a 22.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.90% of the company’s stock.

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.