VIRGINIA RETIREMENT SYSTEMS ET Al Invests $35.96 Million in Textron Inc. $TXT

Key Points

• Virginia Retirement Systems purchased 392,000 Textron shares worth approximately $35.96 million, representing about 0.23% of the company; institutional investors collectively own 86.03% of Textron.
• Analyst sentiment remains generally positive but mixed: Textron has a “Moderate Buy” consensus rating and an average price target of $102.44, while several firms maintain Hold or Neutral ratings.
• Textron exceeded quarterly expectations with earnings of $1.62 per share and revenue of $3.83 billion, while guiding for fiscal 2026 earnings of $6.40–$6.60 per share. Shares opened at $78.92, near the company’s 52-week low.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Textron Inc. (NYSE:TXT - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 392,000 shares of the aerospace company's stock, valued at approximately $35,958,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.23% of Textron at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Wilkerson Advisory Group LLC purchased a new stake in Textron during the 4th quarter valued at about $26,000. Cedar Mountain Advisors LLC purchased a new position in Textron in the first quarter worth about $29,000. Elyxium Wealth LLC purchased a new position in Textron in the fourth quarter worth about $30,000. Strive Financial Group LLC bought a new position in shares of Textron in the fourth quarter worth approximately $31,000. Finally, Elevation Wealth Partners LLC grew its holdings in shares of Textron by 522.4% during the second quarter. Elevation Wealth Partners LLC now owns 361 shares of the aerospace company's stock valued at $33,000 after buying an additional 303 shares during the last quarter. Hedge funds and other institutional investors own 86.03% of the company's stock.

Analyst Upgrades and Downgrades

TXT has been the subject of several analyst reports. Weiss Ratings raised shares of Textron from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, July 13th. TD Cowen lowered their price objective on Textron from $115.00 to $105.00 and set a "hold" rating on the stock in a research report on Monday, July 13th. Wall Street Zen downgraded Textron from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. UBS Group reissued a "neutral" rating and issued a $95.00 target price on shares of Textron in a report on Wednesday, July 29th. Finally, Morgan Stanley set a $98.00 price target on Textron in a research note on Wednesday, July 29th. One investment 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, Textron has an average rating of "Moderate Buy" and an average price target of $102.44.

Textron Stock Performance

Shares of NYSE TXT opened at $78.92 on Tuesday. The firm's 50-day moving average price is $87.67 and its 200-day moving average price is $90.30. Textron Inc. has a 52-week low of $78.12 and a 52-week high of $101.57. The company has a market cap of $13.57 billion, a PE ratio of 14.89, a PEG ratio of 1.15 and a beta of 0.90. 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 released its quarterly earnings data 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 firm had revenue of $3.83 billion during 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%. The firm's quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.55 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, analysts anticipate that Textron Inc. will post 6.5 EPS for the current year.

Textron Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 11th will be paid 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 yield of 0.1%. Textron's payout ratio is currently 1.51%.

Textron 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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