Textron (NYSE:TXT) Coverage Initiated at Wells Fargo & Company

Equities researchers at Wells Fargo & Company initiated coverage on shares of Textron (NYSE:TXT) in a note issued to investors on Wednesday. The brokerage set an “equal weight” rating and a $92.00 price target on the aerospace company’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 5.06% from the stock’s current price.

Several other brokerages have also recently weighed in on TXT. Morgan Stanley set a $92.00 price target on shares of Textron in a research note on Thursday, January 29th. Weiss Ratings raised Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 10th. Freedom Capital upgraded Textron to a “strong-buy” rating in a research report on Friday, January 16th. Citigroup reduced their price target on Textron from $107.00 to $97.00 and set a “neutral” rating for the company in a research report on Thursday, January 29th. Finally, Wall Street Zen cut Textron from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $98.00.

Textron Trading Up 1.9%

Textron stock opened at $87.57 on Wednesday. The business has a 50-day simple moving average of $93.83 and a two-hundred day simple moving average of $88.06. The company has a market cap of $15.25 billion, a P/E ratio of 17.14, a P/E/G ratio of 1.30 and a beta of 0.95. Textron has a 52-week low of $57.70 and a 52-week high of $101.57. The company has a quick ratio of 0.99, a current ratio of 1.97 and a debt-to-equity ratio of 0.49.

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

Insiders Place Their Bets

In other news, CEO Lisa M. Atherton sold 7,600 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $98.68, for a total value of $749,968.00. Following the transaction, the chief executive officer directly owned 29,473 shares in the company, valued at $2,908,395.64. The trade was a 20.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP E Robert Lupone sold 28,056 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was 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 approximately $10,278,470.44. This trade represents a 21.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 304,473 shares of company stock worth $29,976,723 in the last three months. 1.90% of the stock is owned by company insiders.

Institutional Trading of Textron

Several institutional investors and hedge funds have recently added to or reduced their stakes in TXT. Motley Fool Asset Management LLC increased its holdings in shares of Textron by 3.7% in the fourth quarter. Motley Fool Asset Management LLC now owns 3,008 shares of the aerospace company’s stock valued at $262,000 after purchasing an additional 106 shares during the period. Parkside Financial Bank & Trust increased its holdings in Textron by 22.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 653 shares of the aerospace company’s stock worth $57,000 after buying an additional 119 shares during the period. Capital Management Corp VA raised its position in Textron by 1.0% during the 4th quarter. Capital Management Corp VA now owns 12,477 shares of the aerospace company’s stock worth $1,088,000 after buying an additional 120 shares during the last quarter. Root Financial Partners LLC lifted its stake in Textron by 24.5% during the 4th quarter. Root Financial Partners LLC now owns 630 shares of the aerospace company’s stock valued at $55,000 after acquiring an additional 124 shares during the period. Finally, Glenmede Investment Management LP boosted its holdings in shares of Textron by 1.0% in the 3rd quarter. Glenmede Investment Management LP now owns 14,123 shares of the aerospace company’s stock valued at $1,193,000 after acquiring an additional 142 shares during the last quarter. 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.