OMERS ADMINISTRATION Corp Buys Shares of 37,856 Textron Inc. $TXT

OMERS ADMINISTRATION Corp bought a new position in Textron Inc. (NYSE:TXT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 37,856 shares of the aerospace company’s stock, valued at approximately $3,473,000.

Several other hedge funds also recently modified their holdings of TXT. Goldman Sachs Group Inc. boosted its position in Textron by 22.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,191,811 shares of the aerospace company’s stock worth $103,890,000 after purchasing an additional 218,201 shares during the period. New York State Teachers Retirement System grew its holdings in Textron by 10.7% during the fourth quarter. New York State Teachers Retirement System now owns 156,485 shares of the aerospace company’s stock valued at $13,641,000 after purchasing an additional 15,159 shares during the last quarter. National Pension Service raised its position in shares of 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 purchasing 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 stake in shares of Textron in the fourth quarter worth $9,544,000. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of Textron in the fourth quarter worth $18,521,000. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Trading Down 0.3%

Shares of Textron stock opened at $81.89 on Wednesday. Textron Inc. has a 1 year low of $78.12 and a 1 year high of $101.57. The company’s fifty day simple moving average is $89.19 and its 200-day simple moving average is $91.33. The company has a market cap of $14.08 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 1.19 and a beta of 0.91. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.43.

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

Textron Announces Dividend

The business also recently disclosed 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 of this dividend 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 is currently 1.51%.

Analyst Upgrades and Downgrades

TXT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised 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. Wall Street Zen lowered shares of Textron from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Morgan Stanley set a $98.00 price target on shares of Textron in a report on Wednesday, July 29th. TD Cowen lowered their price target on Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. Finally, UBS Group reiterated a “neutral” rating and issued a $95.00 price objective on shares of Textron in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.44.

About Textron

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.