Textron (NYSE:TXT) Stock Rating Upgraded by Wall Street Zen

Textron (NYSE:TXT) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Monday.

Other analysts also recently issued research reports about the stock. UBS Group raised their price target on shares of Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Jefferies Financial Group reiterated a “buy” rating on shares of Textron in a report on Sunday, May 3rd. Weiss Ratings upgraded Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. raised their target price on Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Finally, TD Cowen reduced their target price on Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $103.10.

Textron Trading Down 0.1%

Shares of TXT stock opened at $91.41 on Monday. The company has a current ratio of 1.84, a quick ratio of 0.87 and a debt-to-equity ratio of 0.43. Textron has a twelve month low of $75.80 and a twelve month high of $101.57. The company’s 50-day moving average price is $90.93 and its 200-day moving average price is $91.90. The stock has a market cap of $15.90 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 1.37 and a beta of 0.90.

Textron (NYSE:TXT) last released its quarterly earnings data on Thursday, April 30th. The aerospace company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.15. Textron had a net margin of 6.15% and a return on equity of 14.56%. The firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same period last year, the business earned $1.28 earnings per share. Textron’s revenue was up 11.8% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, equities analysts predict that Textron will post 6.6 earnings per share for the current year.

Insider Activity at Textron

In related news, Director R Kerry Clark sold 2,517 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $93.09, for a total transaction of $234,307.53. Following the completion of the transaction, the director owned 8,611 shares of the company’s stock, valued at approximately $801,597.99. This trade represents a 22.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas A. Kennedy bought 10,300 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average price of $95.98 per share, with a total value of $988,594.00. Following the acquisition, the director directly owned 20,162 shares in the company, valued at $1,935,148.76. The trade was a 104.44% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Textron

Institutional investors and hedge funds have recently modified their holdings of the company. Tema ETFs LLC raised its stake in shares of Textron by 8.4% in the second quarter. Tema ETFs LLC now owns 3,761 shares of the aerospace company’s stock valued at $345,000 after acquiring an additional 290 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in Textron during the 2nd quarter worth $205,000. Contravisory Investment Management Inc. purchased a new stake in Textron during the 2nd quarter worth about $1,148,000. Hennion & Walsh Asset Management Inc. raised its position in Textron by 20.0% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 9,701 shares of the aerospace company’s stock valued at $890,000 after purchasing an additional 1,616 shares in the last quarter. Finally, Gradient Investments LLC raised its position in Textron by 11.5% in the 2nd quarter. Gradient Investments LLC now owns 30,682 shares of the aerospace company’s stock valued at $2,814,000 after purchasing an additional 3,175 shares in the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

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.