Textron Inc. $TXT Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lessened its holdings in Textron Inc. (NYSE:TXT) by 2.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 229,213 shares of the aerospace company’s stock after selling 6,923 shares during the quarter. California State Teachers Retirement System’s holdings in Textron were worth $20,070,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Quantinno Capital Management LP raised its stake in Textron by 114.8% during the 1st quarter. Quantinno Capital Management LP now owns 570,416 shares of the aerospace company’s stock worth $49,946,000 after acquiring an additional 304,831 shares in the last quarter. SummitTX Capital L.P. purchased a new position in shares of Textron during the first quarter worth approximately $733,000. Lazard Asset Management LLC acquired a new position in shares of Textron in the 1st quarter valued at $248,000. OMERS ADMINISTRATION Corp increased its holdings in shares of Textron by 232.8% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 34,704 shares of the aerospace company’s stock valued at $3,039,000 after acquiring an additional 24,276 shares during the period. Finally, Themes Management Co LLC raised its position in Textron by 66.2% in the 1st quarter. Themes Management Co LLC now owns 8,865 shares of the aerospace company’s stock valued at $776,000 after purchasing an additional 3,531 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

Insider Activity

In other news, Director R Kerry Clark sold 2,517 shares of the business’s stock in a transaction dated 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 directly owned 8,611 shares in the company, valued at $801,597.99. The trade was a 22.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TXT shares. Morgan Stanley set a $98.00 price target on shares of Textron in a research note on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Weiss Ratings upgraded shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. UBS Group reissued a “neutral” rating and set a $95.00 price target on shares of Textron in a report on Wednesday. Finally, Jefferies Financial Group restated a “buy” rating on shares of Textron in a research report on Sunday, May 3rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.44.

Textron Stock Performance

NYSE:TXT opened at $85.44 on Friday. The firm’s fifty day moving average price is $90.96 and its 200 day moving average price is $91.98. Textron Inc. has a 1-year low of $75.80 and a 1-year high of $101.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.86 and a quick ratio of 0.87. The firm has a market cap of $14.69 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 1.24 and a beta of 0.90.

Textron (NYSE:TXT) last announced its quarterly earnings data on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.07. The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Textron had a net margin of 6.12% and a return on equity of 14.30%. Textron’s revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.55 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, sell-side analysts expect that Textron Inc. will post 6.5 EPS for the current year.

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.