Wall Street Zen Upgrades Textron (NYSE:TXT) to Buy

Textron (NYSE:TXTGet Free Report) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Monday.

A number of other research analysts have also recently commented on the stock. Weiss Ratings upgraded shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. TD Cowen decreased their price objective on shares of Textron from $115.00 to $105.00 and set a “hold” rating for the company in a report on Monday, July 13th. UBS Group boosted their price objective on shares of Textron from $99.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Wells Fargo & Company started coverage on shares of Textron in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $92.00 target price on the stock. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $103.10.

Check Out Our Latest Research Report on TXT

Textron Trading Down 0.4%

TXT opened at $90.46 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.87 and a current ratio of 1.84. The stock’s 50 day moving average price is $90.91 and its 200-day moving average price is $91.94. Textron has a one year low of $75.80 and a one year high of $101.57. The stock has a market cap of $15.73 billion, a price-to-earnings ratio of 17.30, a P/E/G ratio of 1.36 and a beta of 0.90.

Textron (NYSE:TXTGet Free Report) last posted its quarterly earnings data on Thursday, April 30th. The aerospace company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.15. The company had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.50 billion. Textron had a return on equity of 14.56% and a net margin of 6.15%.Textron’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.28 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, equities analysts forecast that Textron will post 6.6 EPS for the current year.

Insider Transactions at Textron

In other Textron news, Director Thomas A. Kennedy bought 10,300 shares of the business’s stock in a transaction on Friday, May 1st. The shares were acquired at an average price of $95.98 per share, with a total value of $988,594.00. Following the transaction, the director owned 20,162 shares of the company’s stock, valued at approximately $1,935,148.76. This trade represents a 104.44% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director R Kerry Clark sold 2,517 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total transaction of $234,307.53. Following the completion of the sale, the director directly owned 8,611 shares of the company’s stock, valued at $801,597.99. The trade was a 22.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Textron

A number of large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Textron by 13.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,522 shares of the aerospace company’s stock valued at $1,049,000 after acquiring an additional 1,709 shares during the period. Empowered Funds LLC lifted its stake in shares of Textron by 6.3% during the 1st 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 lifted its stake 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 purchasing an additional 735 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Textron during the second quarter valued at about $453,000. Finally, Baird Financial Group Inc. grew its stake in Textron by 15.3% in the second quarter. Baird Financial Group Inc. now owns 19,171 shares of the aerospace company’s stock valued at $1,539,000 after purchasing an additional 2,548 shares during the last quarter. Institutional investors own 86.03% of the company’s stock.

Textron News Summary

Here are the key news stories impacting Textron this week:

About Textron

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Textron (NYSE:TXT)

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