Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Holdings in Textron Inc. $TXT

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Textron Inc. (NYSE:TXT) by 6.1% during the second quarter, Holdings Channel reports. The firm owned 44,278 shares of the aerospace company’s stock after acquiring an additional 2,526 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Textron were worth $3,555,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. grew its stake in Textron by 2.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 4,963 shares of the aerospace company’s stock worth $398,000 after buying an additional 140 shares during the last quarter. Moody National Bank Trust Division boosted its holdings in shares of Textron by 1.2% in the second quarter. Moody National Bank Trust Division now owns 12,139 shares of the aerospace company’s stock valued at $975,000 after acquiring an additional 141 shares during the period. Brooklyn Investment Group grew its position in shares of Textron by 10.3% during the first quarter. Brooklyn Investment Group now owns 1,665 shares of the aerospace company’s stock worth $120,000 after acquiring an additional 156 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Textron by 2.3% in the 2nd quarter. Fifth Third Bancorp now owns 7,063 shares of the aerospace company’s stock valued at $567,000 after acquiring an additional 159 shares during the period. Finally, 3Chopt Investment Partners LLC raised its position in Textron by 3.3% in the 2nd quarter. 3Chopt Investment Partners LLC now owns 5,333 shares of the aerospace company’s stock valued at $428,000 after purchasing an additional 168 shares during the last quarter. 86.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on TXT shares. Susquehanna raised their price objective on shares of Textron from $90.00 to $95.00 and gave the stock a “positive” rating in a research report on Friday, July 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Textron in a report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price target on Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. Barclays increased their price objective on Textron from $95.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $90.00 target price on shares of Textron in a report on Monday, October 27th. Six research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Textron currently has an average rating of “Hold” and a consensus price target of $92.15.

Textron Trading Down 0.2%

NYSE TXT opened at $79.72 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.84 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $14.05 billion, a P/E ratio of 17.52, a P/E/G ratio of 1.30 and a beta of 1.13. Textron Inc. has a 52-week low of $57.70 and a 52-week high of $87.94. The firm has a 50-day moving average price of $82.37 and a 200 day moving average price of $79.92.

Textron (NYSE:TXT) last released its earnings results on Thursday, October 23rd. The aerospace company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.08. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.70 billion. Textron had a return on equity of 14.16% and a net margin of 5.81%.The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.40 EPS. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. Equities research analysts expect that Textron Inc. will post 6.12 EPS for the current year.

Textron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Friday, December 12th will be given a $0.02 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s dividend payout ratio is presently 1.76%.

Textron Profile

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts.