Textron (NYSE:TXT) Upgraded to Hold at Wells Fargo & Company

Textron (NYSE:TXT) was upgraded by equities researchers at Wells Fargo & Company to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

A number of other research analysts have also commented on the company. Citigroup lowered 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. Morgan Stanley set a $92.00 price objective on Textron in a report on Thursday, January 29th. Wall Street Zen lowered shares of Textron from a “strong-buy” rating to a “buy” rating in a report on Friday, January 23rd. Weiss Ratings raised shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 10th. Finally, UBS Group raised their target price on shares of Textron from $89.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Textron presently has a consensus rating of “Hold” and an average price target of $98.00.

Textron Price Performance

TXT stock opened at $88.96 on Tuesday. The firm has a 50 day moving average of $93.68 and a 200-day moving average of $88.07. The company has a current ratio of 1.97, a quick ratio of 0.99 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $15.49 billion, a P/E ratio of 17.41, a price-to-earnings-growth ratio of 1.32 and a beta of 0.97. Textron has a 12 month low of $57.70 and a 12 month high of $101.57.

Textron (NYSE:TXT) last issued its earnings results on Wednesday, January 28th. The aerospace company reported $1.73 EPS for the quarter, missing the consensus estimate 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%.The firm’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.34 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, sell-side analysts predict that Textron will post 6.12 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Lisa M. Atherton sold 7,600 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $98.68, for a total transaction of $749,968.00. Following the sale, the chief executive officer owned 29,473 shares of the company’s stock, valued at $2,908,395.64. This trade represents a 20.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Mark S. Bamford sold 19,808 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $97.96, for a total transaction of $1,940,391.68. Following the transaction, the vice president owned 7,872 shares of the company’s stock, valued at approximately $771,141.12. This trade represents a 71.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 304,473 shares of company stock worth $29,976,723 over the last ninety days. 1.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Textron

A number of hedge funds have recently made changes to their positions in the stock. True Wealth Design LLC lifted its stake in Textron by 388.5% during the third quarter. True Wealth Design LLC now owns 298 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 237 shares in the last quarter. Activest Wealth Management lifted its holdings in shares of Textron by 3,255.6% in the 4th quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 293 shares during the last quarter. Wilkerson Advisory Group LLC purchased a new position in Textron during the 4th quarter worth approximately $26,000. Elyxium Wealth LLC purchased a new stake in Textron in the fourth quarter valued at approximately $30,000. Finally, Strive Financial Group LLC purchased a new stake in Textron in the fourth quarter valued at approximately $31,000. 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.