BlackRock Inc. Buys Shares of 15,634,200 Textron Inc. $TXT

Key Points

• BlackRock acquired 15.6 million Textron shares worth approximately $1.43 billion, giving it a 9.09% stake. Institutional investors and hedge funds collectively own 86.03% of the company.
• Textron exceeded quarterly expectations, reporting adjusted EPS of $1.62 versus the $1.55 consensus and revenue of $3.83 billion, up 3% year over year. The company maintained fiscal 2026 EPS guidance of $6.40–$6.60.
• Analysts hold a generally positive view, with a “Moderate Buy” consensus and an average price target of $102.44, while Textron shares recently traded at $84.43. The company also declared a quarterly dividend of $0.02 per share.

BlackRock Inc. bought a new position in shares of Textron Inc. (NYSE:TXT - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,634,200 shares of the aerospace company's stock, valued at approximately $1,434,125,000. BlackRock Inc. owned 9.09% of Textron at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its holdings in shares of Textron by 22.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,191,811 shares of the aerospace company's stock worth $103,890,000 after buying an additional 218,201 shares in the last quarter. New York State Teachers Retirement System boosted its stake in Textron by 10.7% in the 4th quarter. New York State Teachers Retirement System now owns 156,485 shares of the aerospace company's stock valued at $13,641,000 after buying an additional 15,159 shares in the last quarter. National Pension Service grew its position in Textron by 17.5% in the fourth quarter. National Pension Service now owns 98,656 shares of the aerospace company's stock valued at $8,600,000 after acquiring an additional 14,701 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in Textron during the fourth quarter worth $9,544,000. Finally, Jefferies Financial Group Inc. acquired a new position in Textron during the fourth quarter worth $18,521,000. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TXT. JPMorgan Chase & Co. boosted their target price on shares of Textron from $90.00 to $105.00 and gave the company a "neutral" rating in a research note on Monday, May 4th. UBS Group reiterated a "neutral" rating and set a $95.00 target price on shares of Textron in a research report on Wednesday, July 29th. Morgan Stanley set a $98.00 price target on shares of Textron in a report on Wednesday, July 29th. Wall Street Zen lowered shares of Textron from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Textron in a report on Sunday, May 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $102.44.

Textron Trading Down 2.2%

TXT opened at $84.43 on Friday. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $14.52 billion, a PE ratio of 15.93, a PEG ratio of 1.25 and a beta of 0.91. Textron Inc. has a 1-year low of $78.12 and a 1-year high of $101.57. The firm has a 50-day moving average price of $89.85 and a two-hundred day moving average price of $91.47.

Textron (NYSE:TXT - Get Free Report) last announced its earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.55 by $0.07. Textron had a net margin of 6.12% and a return on equity of 14.30%. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same period in the prior year, the business earned $1.55 earnings per share. Textron's quarterly revenue was up 3.0% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, equities analysts anticipate that Textron Inc. will post 6.5 earnings per share for the current fiscal year.

Textron Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, September 11th. Textron's dividend payout ratio is 1.51%.

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.

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