Textron (NYSE:TXT) Sets New 52-Week High – Should You Buy?

Textron Inc. (NYSE:TXT)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $101.57 and last traded at $100.69, with a volume of 371925 shares trading hands. The stock had previously closed at $99.70.

Analyst Ratings Changes

A number of research firms have commented on TXT. Sanford C. Bernstein lifted their price target on shares of Textron from $94.00 to $108.00 and gave the company a “market perform” rating in a report on Thursday. Citigroup decreased their price objective on shares of Textron from $107.00 to $97.00 and set a “neutral” rating on the stock in a research report on Thursday, January 29th. Morgan Stanley set a $92.00 target price on shares of Textron in a report on Thursday, January 29th. Wall Street Zen cut Textron from a “strong-buy” rating to a “buy” rating in a report on Friday, January 23rd. Finally, Susquehanna restated a “positive” rating and issued a $110.00 price objective on shares of Textron in a research report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $98.60.

Textron Price Performance

The firm has a market cap of $17.55 billion, a P/E ratio of 19.72, a P/E/G ratio of 1.49 and a beta of 0.99. The firm’s fifty day simple moving average is $92.32 and its 200 day simple moving average is $85.49. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.99 and a current ratio of 1.97.

Textron (NYSE:TXT) last posted its earnings results on Wednesday, January 28th. The aerospace company reported $1.73 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.01). The firm had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Textron had a return on equity of 14.63% and a net margin of 6.22%.Textron’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.34 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, analysts forecast that Textron Inc. will post 6.12 earnings per share for the current year.

Insider Buying and Selling

In other Textron news, EVP E Robert Lupone sold 28,056 shares of Textron stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $98.84, for a total value of $2,773,055.04. Following the completion of the transaction, the executive vice president directly owned 103,991 shares of the company’s stock, valued at $10,278,470.44. This trade represents a 21.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Julie G. Duffy sold 19,857 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $98.70, for a total transaction of $1,959,885.90. Following the completion of the sale, the executive vice president owned 37,039 shares in the company, valued at approximately $3,655,749.30. This trade represents a 34.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 304,473 shares of company stock valued at $29,976,723 in the last three months. Corporate insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Textron

Several hedge funds and other institutional investors have recently made changes to their positions in the company. True Wealth Design LLC boosted its stake in shares of Textron by 388.5% during the 3rd quarter. True Wealth Design LLC now owns 298 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 237 shares during the period. Wilkerson Advisory Group LLC bought a new stake in Textron in the fourth quarter worth about $26,000. Activest Wealth Management boosted its position in shares of Textron by 3,255.6% during the fourth quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock valued at $26,000 after buying an additional 293 shares during the period. Assetmark Inc. grew its stake in shares of Textron by 191.9% during the second quarter. Assetmark Inc. now owns 324 shares of the aerospace company’s stock valued at $26,000 after buying an additional 213 shares during the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of Textron in the second quarter worth approximately $27,000. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Company 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.