Canada Pension Plan Investment Board Makes New $23.79 Million Investment in Textron Inc. $TXT

Canada Pension Plan Investment Board acquired a new stake in shares of Textron Inc. (NYSE:TXT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 259,377 shares of the aerospace company’s stock, valued at approximately $23,793,000. Canada Pension Plan Investment Board owned approximately 0.15% of Textron as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TXT. Activest Wealth Management increased its stake in Textron by 3,255.6% during the 4th quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock worth $26,000 after buying an additional 293 shares in the last quarter. Wilkerson Advisory Group LLC purchased a new position in shares of Textron in the fourth quarter valued at approximately $26,000. Cedar Mountain Advisors LLC acquired a new stake in shares of Textron in the first quarter worth approximately $29,000. Elyxium Wealth LLC acquired a new stake in shares of Textron in the fourth quarter worth approximately $30,000. Finally, Strive Financial Group LLC purchased a new stake in shares of Textron during the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Trading Up 1.0%

TXT opened at $83.19 on Friday. Textron Inc. has a one year low of $78.12 and a one year high of $101.57. The stock has a market capitalization of $14.31 billion, a PE ratio of 15.70, a P/E/G ratio of 1.20 and a beta of 0.91. The business’s 50 day moving average price is $88.74 and its 200 day moving average price is $91.11. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.85 and a current ratio of 1.86.

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, topping the consensus estimate of $1.55 by $0.07. Textron had a return on equity of 14.30% and a net margin of 6.12%.The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same period in the prior year, the business posted $1.55 earnings per share. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, equities research analysts expect that Textron Inc. will post 6.5 EPS for the current year.

Textron Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, September 11th. Textron’s dividend payout ratio (DPR) is presently 1.51%.

Analyst Ratings Changes

A number of brokerages have weighed in on TXT. TD Cowen decreased their price objective on Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, July 13th. Morgan Stanley set a $98.00 target price on shares of Textron in a research report on Wednesday, July 29th. Weiss Ratings raised shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. UBS Group restated a “neutral” rating and set a $95.00 price target on shares of Textron in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. 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’s stock. Based on data from MarketBeat.com, Textron has an average rating of “Moderate Buy” and an average price target of $102.44.

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.