Illinois Municipal Retirement Fund Has $5.27 Million Stake in Textron Inc. $TXT

Illinois Municipal Retirement Fund raised its position in shares of Textron Inc. (NYSE:TXT) by 18.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,140 shares of the aerospace company’s stock after acquiring an additional 9,342 shares during the period. Illinois Municipal Retirement Fund’s holdings in Textron were worth $5,266,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TXT. Activest Wealth Management increased its stake in shares of Textron by 3,255.6% in the fourth quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 293 shares during the period. Wilkerson Advisory Group LLC bought a new stake in Textron during the 4th quarter valued at approximately $26,000. Cedar Mountain Advisors LLC acquired a new stake in Textron in the 1st quarter valued at approximately $29,000. Elyxium Wealth LLC bought a new position in Textron in the 4th quarter worth approximately $30,000. Finally, Strive Financial Group LLC bought a new position in Textron in the 4th quarter worth approximately $31,000. 86.03% of the stock is owned by institutional investors and hedge funds.

Textron Price Performance

NYSE:TXT opened at $91.41 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.87 and a current ratio of 1.84. The company has a 50-day moving average of $90.93 and a 200-day moving average of $91.88. 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 $15.90 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 1.35 and a beta of 0.90.

Textron (NYSE:TXT) last posted its earnings results on Thursday, April 30th. The aerospace company reported $1.45 earnings per share 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 for the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the previous year, the firm posted $1.28 earnings per share. The firm’s revenue for the quarter was up 11.8% 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 6.6 earnings per share for the current fiscal year.

Textron Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Friday, June 12th. Textron’s dividend payout ratio is currently 1.53%.

Insider Activity at Textron

In other news, Director R Kerry Clark sold 2,517 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total value of $234,307.53. Following the completion of the transaction, the director directly owned 8,611 shares of the company’s stock, valued at approximately $801,597.99. This represents a 22.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Thomas A. Kennedy bought 10,300 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average price of $95.98 per share, with a total value of $988,594.00. Following the transaction, the director directly owned 20,162 shares in the company, valued at $1,935,148.76. This trade represents a 104.44% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TXT shares. TD Cowen reduced their price objective on 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 raised shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Citigroup upped their target price on shares of Textron from $97.00 to $99.00 and gave the company a “neutral” rating in a research note on Thursday, April 2nd. UBS Group raised their price target on shares of Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Wells Fargo & Company began coverage on shares of Textron in a report on Wednesday, April 1st. They set an “equal weight” rating and a $92.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Textron has an average rating of “Moderate Buy” and a consensus price target of $103.10.

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.