California State Teachers Retirement System Increases Stock Holdings in Textron Inc. $TXT

Key Points

• California State Teachers Retirement System dramatically increased its Textron stake by 10,479% in the second quarter, reaching 24.25 million shares valued at approximately $2.22 billion, or 14.1% of the company. Institutional investors collectively own 86.03% of Textron.
• Textron exceeded quarterly expectations, reporting $1.62 in EPS versus the $1.55 consensus and $3.83 billion in revenue. The company reaffirmed fiscal 2026 EPS guidance of $6.40–$6.60.
• Analysts hold a generally positive view, with a consensus rating of “Moderate Buy” and a target price of $102.44, although several firms maintain hold or neutral ratings. Textron also announced a quarterly dividend of $0.02 per share.

California State Teachers Retirement System raised its position in shares of Textron Inc. (NYSE:TXT - Free Report) by 10,479.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,248,550 shares of the aerospace company's stock after purchasing an additional 24,019,337 shares during the quarter. California State Teachers Retirement System owned 14.10% of Textron worth $2,224,319,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Textron by 13.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,522 shares of the aerospace company's stock worth $1,049,000 after acquiring an additional 1,709 shares during the period. Empowered Funds LLC increased its holdings in shares of Textron by 6.3% in the first quarter. Empowered Funds LLC now owns 21,397 shares of the aerospace company's stock worth $1,546,000 after purchasing an additional 1,265 shares during the last quarter. Focus Partners Wealth raised its holdings in shares of Textron by 18.0% during the 1st quarter. Focus Partners Wealth now owns 4,814 shares of the aerospace company's stock worth $348,000 after acquiring an additional 735 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Textron during the second quarter valued at $453,000. Finally, Baird Financial Group Inc. grew its position in Textron by 15.3% in the second quarter. Baird Financial Group Inc. now owns 19,171 shares of the aerospace company's stock worth $1,539,000 after acquiring an additional 2,548 shares in the last quarter. Hedge funds and other institutional investors own 86.03% of the company's stock.

Textron Stock Up 2.2%

Shares of TXT opened at $80.96 on Friday. The company has a market capitalization of $13.92 billion, a price-to-earnings ratio of 15.28, a PEG ratio of 1.15 and a beta of 0.90. Textron Inc. has a 52 week low of $78.12 and a 52 week high of $101.57. The stock's 50-day moving average price is $86.69 and its 200-day moving average price is $89.80. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 0.43.

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

Textron Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have weighed in on TXT shares. TD Cowen cut their price objective on shares of Textron from $115.00 to $105.00 and set a "hold" rating on the stock in a research report on Monday, July 13th. Weiss Ratings upgraded Textron from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, July 13th. Wall Street Zen downgraded Textron from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Morgan Stanley set a $98.00 target price on Textron in a research report on Wednesday, July 29th. Finally, UBS Group reissued a "neutral" rating and set a $95.00 target price on shares of Textron in a research note on Wednesday, July 29th. One 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $102.44.

About Textron

Textron Inc NYSE: TXT is a diversified industrial company that develops and manufactures aircraft, defense systems, specialized vehicles, and industrial products. Its portfolio includes businesses serving the aviation, defense, aerospace, and commercial sectors, with operations and customers in the United States and international markets.

Textron Aviation produces business jets, turboprop aircraft, and general aviation aircraft under brands including Beechcraft, Cessna, and Hawker. Bell designs and manufactures military and commercial helicopters, tiltrotor aircraft, and related support services.

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