OMERS ADMINISTRATION Corp Increases Stake in Textron Inc. $TXT

OMERS ADMINISTRATION Corp raised its holdings in shares of Textron Inc. (NYSE:TXT) by 232.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 34,704 shares of the aerospace company’s stock after purchasing an additional 24,276 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Textron were worth $3,039,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Goldman Sachs Group Inc. increased its holdings in shares of Textron by 22.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,191,811 shares of the aerospace company’s stock worth $103,890,000 after buying an additional 218,201 shares during the last quarter. New York State Teachers Retirement System grew its position in Textron by 10.7% in the fourth quarter. New York State Teachers Retirement System now owns 156,485 shares of the aerospace company’s stock worth $13,641,000 after acquiring an additional 15,159 shares during the period. National Pension Service grew its position in Textron by 17.5% in the fourth quarter. National Pension Service now owns 98,656 shares of the aerospace company’s stock worth $8,600,000 after acquiring an additional 14,701 shares during the period. Econ Financial Services Corp acquired a new stake in Textron during the fourth quarter worth $1,879,000. Finally, Bfsg LLC acquired a new stake in Textron during the fourth quarter worth $7,255,000. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Textron news, Director Thomas A. Kennedy acquired 10,300 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average price of $95.98 per share, for a total transaction of $988,594.00. Following the completion of the acquisition, the director owned 20,162 shares of the company’s stock, valued at approximately $1,935,148.76. This trade represents a 104.44% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director R Kerry Clark sold 2,517 shares of the company’s 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 in the company, valued at approximately $801,597.99. The trade was a 22.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.90% of the company’s stock.

Key Headlines Impacting Textron

Here are the key news stories impacting Textron this week:

• Positive Sentiment: Quarterly results exceeded expectations. Textron reported second-quarter revenue of $3.827 billion, up 3% year over year, while adjusted EPS rose to $1.62 from $1.55 and topped consensus estimates. Bell helicopter and Textron Systems growth, along with higher aircraft pricing, helped offset mixed aircraft deliveries. Textron Reports Second Quarter 2026 Results
• Positive Sentiment: Defense demand remains supportive. A Textron unit won a $300 million U.S. Navy contract to modernize H-1 aircraft, while recent government awards include major Future Vertical Lift and AH-1Z helicopter programs. These contracts reinforce the company’s defense backlog and revenue visibility. Textron Unit Wins $300 Million US Navy Contract
• Neutral Sentiment: Textron reiterated its 2026 outlook. Adjusted EPS guidance remains $6.40 to $6.60, with GAAP EPS guidance of $5.39 to $5.59. The adjusted range is broadly in line with market expectations, reducing the likelihood of a positive guidance-driven revaluation.
• Negative Sentiment: Cash-flow performance deteriorated. Manufacturing cash flow before pension contributions fell to $154 million from $336 million a year earlier, raising concerns about execution and the conversion of earnings into cash.
• Negative Sentiment: Textron Aviation faced margin pressure. Segment profit fell 3% as manufacturing inefficiencies, lower aircraft volume and an unfavorable delivery mix outweighed pricing gains. The company is also initiating a sale process for its Industrial segment as it seeks to improve margins and accelerate growth. Why Textron Stock Tumbled Today
• Negative Sentiment: MV-75 Cheyenne funding creates downside risk. Textron said its outlook assumes additional fiscal 2026 funding for the program. Without it, adjusted EPS could be reduced by $0.20 to $0.30 and cash flow could decline by $150 million to $250 million.
• Negative Sentiment: Insider selling may weigh on sentiment. Company insiders recorded nine open-market sales and one purchase over the past six months, including substantial sales by senior executives.

Textron Stock Down 6.2%

NYSE:TXT opened at $90.16 on Wednesday. Textron Inc. has a 52 week low of $75.80 and a 52 week high of $101.57. The stock’s fifty day moving average is $91.23 and its two-hundred day moving average is $92.12. The stock has a market capitalization of $15.68 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 1.44 and a beta of 0.90. The company has a quick ratio of 0.87, a current ratio of 1.84 and a debt-to-equity ratio of 0.43.

Textron (NYSE:TXT) last issued its quarterly earnings data 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. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Textron had a return on equity of 14.56% and a net margin of 6.15%.The company’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.55 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Research analysts anticipate that Textron Inc. will post 6.6 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on TXT. Weiss Ratings raised Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. 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. Wells Fargo & Company started coverage on shares of Textron in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $92.00 price objective on the stock. Citigroup increased their target price on shares of Textron from $97.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. Finally, Wall Street Zen upgraded shares of Textron from a “hold” rating to a “buy” rating in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.89.

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.