New York State Teachers Retirement System Purchases 15,159 Shares of Textron Inc. $TXT

The New York State Teachers Retirement System increased its stake in Textron Inc. (NYSE:TXT) by 10.7% in the fourth quarter, buying an additional 15,159 shares to bring its total holding to 156,485 shares valued at approximately $13.64 million. This increased stake comes as Textron reported stronger-than-expected Q1 earnings and revenue, with 11.8% year-over-year revenue growth, and announced plans to separate its Industrial segment within 12-18 months to focus on its aerospace and defense businesses. Analysts have a “Hold” rating on Textron with an average target price of $98.18, despite recent insider selling and the strategic uncertainties surrounding the industrial segment separation.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin