California Public Employees Retirement System Acquires 9,155 Shares of Textron Inc. $TXT

California Public Employees Retirement System lifted its holdings in shares of Textron Inc. (NYSE:TXT) by 2.7% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 353,617 shares of the aerospace company’s stock after buying an additional 9,155 shares during the period. California Public Employees Retirement System’s holdings in Textron were worth $30,963,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the business. Kera Capital Partners Inc. grew its position in Textron by 9.8% in the first quarter. Kera Capital Partners Inc. now owns 3,514 shares of the aerospace company’s stock valued at $308,000 after acquiring an additional 313 shares during the last quarter. Cornerstone Planning Group LLC raised its stake in Textron by 2,593.3% during the first quarter. Cornerstone Planning Group LLC now owns 2,801 shares of the aerospace company’s stock worth $257,000 after acquiring an additional 2,697 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Textron in the first quarter worth about $744,000. Bastion Asset Management Inc. acquired a new stake in shares of Textron in the 1st quarter valued at approximately $1,606,000. Finally, D.A. Davidson & CO. boosted its stake in shares of Textron by 87.5% in the 1st quarter. D.A. Davidson & CO. now owns 13,712 shares of the aerospace company’s stock valued at $1,201,000 after purchasing an additional 6,398 shares in the last quarter. 86.03% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Textron

Here are the key news stories impacting Textron this week:

• Positive Sentiment: Textron’s Pipistrel unit launched the new Voyager training aircraft and secured Epic Flight Academy as the launch customer, with a purchase agreement for up to 50 aircraft. The deal adds visibility to future deliveries and underscores demand in the flight-training market. Epic Flight Academy Agrees to Purchase up to 50 Pipistrel Voyager Aircraft
• Positive Sentiment: Bell delivered its 700th Bell 505 helicopter at the Farnborough Airshow, a milestone that highlights continued demand for one of Textron’s key rotary-wing platforms. Bell Marks the Delivery of the 700th Bell 505 During Farnborough International Airshow
• Positive Sentiment: Investors are also focusing on Textron’s expanding role in global pilot training fleets, which could support longer-term revenue growth for the company’s aviation businesses. Investors May Respond To Textron (TXT) Expanding Its Role In Global Pilot Training Fleets
• Positive Sentiment: A separate note said Wall Street Zen upgraded Textron’s stock rating, which can support sentiment if investors view the company’s aviation pipeline more favorably. Textron (NYSE:TXT) Stock Rating Upgraded by Wall Street Zen
• Neutral Sentiment: Textron is expected to report quarterly earnings on Tuesday, so some traders may be waiting for guidance and order commentary before committing to new positions. Textron (TXT) Expected to Announce Quarterly Earnings on Tuesday
• Neutral Sentiment: Commentary on new aircraft orders and Bell demand suggests the stock’s undervaluation argument remains intact, but the market may still be looking for stronger proof of sustained growth. Textron (TXT) On New Aircraft Orders And Bell Demand As Undervalued View Holds

Textron Stock Performance

NYSE:TXT opened at $90.46 on Wednesday. The stock’s 50-day moving average is $90.91 and its 200-day moving average is $91.94. Textron Inc. has a 1-year low of $75.80 and a 1-year high of $101.57. The company has a current ratio of 1.84, a quick ratio of 0.87 and a debt-to-equity ratio of 0.43. The stock has a market cap of $15.73 billion, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 1.36 and a beta of 0.90.

Textron (NYSE:TXT) last issued its quarterly earnings data on Thursday, April 30th. The aerospace company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.15. Textron had a net margin of 6.15% and a return on equity of 14.56%. The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same quarter last year, the business earned $1.28 EPS. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities research analysts anticipate that Textron Inc. will post 6.6 earnings per share for the current year.

Textron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Textron’s dividend payout ratio (DPR) is presently 1.53%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. TD Cowen lowered 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. Weiss Ratings upgraded shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Citigroup boosted 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. UBS Group upped their price target on shares of Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. increased their price target on Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $103.10.

Insiders Place Their Bets

In other news, Director R Kerry Clark sold 2,517 shares of Textron stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $93.09, for a total transaction of $234,307.53. Following the transaction, the director 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas A. Kennedy acquired 10,300 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average price of $95.98 per share, with a total value of $988,594.00. Following the completion of the acquisition, the director directly owned 20,162 shares of the company’s stock, valued at $1,935,148.76. This trade represents a 104.44% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.90% of the stock is currently owned by insiders.

Textron 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.