Textron (NYSE:TXT) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Textron (NYSE:TXT) from a hold rating to a buy rating in a report released on Monday morning.

TXT has been the subject of several other research reports. Citigroup increased their target price on Textron from $97.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, April 2nd. UBS Group boosted their price target on Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Jefferies Financial Group restated a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. Weiss Ratings raised shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. Finally, Wells Fargo & Company initiated coverage on shares of Textron in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $92.00 price objective on the stock. One research 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’s stock. Based on data from MarketBeat, Textron currently has an average rating of “Moderate Buy” and an average price target of $103.10.

Textron Trading Down 0.7%

Shares of Textron stock opened at $90.82 on Monday. The company has a market capitalization of $15.79 billion, a P/E ratio of 17.37, a P/E/G ratio of 1.37 and a beta of 0.90. 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 company has a fifty day moving average of $90.91 and a 200 day moving average of $91.92. Textron has a fifty-two week low of $75.80 and a fifty-two week high of $101.57.

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

Textron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, June 12th. Textron’s payout ratio is 1.53%.

Insider Transactions at Textron

In other news, Director Thomas A. Kennedy bought 10,300 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average cost of $95.98 per share, for a total transaction of $988,594.00. Following the completion of the transaction, the director owned 20,162 shares of the company’s stock, valued at approximately $1,935,148.76. This represents a 104.44% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 value of $234,307.53. Following the transaction, the director directly owned 8,611 shares of the company’s stock, valued at approximately $801,597.99. The trade was a 22.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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

Key Stories Impacting Textron

Here are the key news stories impacting Textron this week:

• Positive Sentiment: Textron’s Pipistrel unit launched the new Voyager training aircraft at EAA AirVenture, and Epic Flight Academy agreed to buy up to 50 units, including initial deliveries starting in 2027. That gives the new model a commercial customer and signals demand from flight schools. Article Title
• Positive Sentiment: Bell Textron announced delivery of its 700th Bell 505 helicopter at Farnborough, highlighting continued global demand for the platform and reinforcing strength in the company’s helicopter franchise. Article Title
• Positive Sentiment: Analysts and media commentary pointed to Textron’s new aircraft orders and Bell demand as evidence that the stock remains undervalued, which can support investor sentiment around the name. Article Title
• Neutral Sentiment: Additional coverage from Business Wire and other outlets repeated the Pipistrel Voyager launch and Epic Flight Academy order details, adding visibility but not new material information beyond the initial announcement.
• Neutral Sentiment: Textron was also noted to have received a stock rating upgrade from Wall Street Zen, though the article provided little detail on the rationale or broader impact.

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.