Citigroup Forecasts Strong Price Appreciation for Textron (NYSE:TXT) Stock

Textron (NYSE:TXT) had its price objective hoisted by Citigroup from $97.00 to $99.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the aerospace company’s stock. Citigroup’s target price indicates a potential upside of 12.42% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. lifted their target price on Textron from $88.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Freedom Capital upgraded Textron to a “strong-buy” rating in a research report on Friday, January 16th. Wall Street Zen lowered Textron from a “strong-buy” rating to a “buy” rating in a report on Friday, January 23rd. Jefferies Financial Group reiterated a “buy” rating on shares of Textron in a research report on Wednesday, February 18th. Finally, Wells Fargo & Company initiated coverage on shares of Textron in a research note on Wednesday. They issued an “equal weight” rating and a $92.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $98.18.

Textron Stock Performance

Textron stock traded down $0.85 during mid-day trading on Thursday, reaching $88.07. The company had a trading volume of 280,734 shares, compared to its average volume of 1,790,434. The company has a quick ratio of 0.99, a current ratio of 1.97 and a debt-to-equity ratio of 0.49. The firm has a market cap of $15.33 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 1.32 and a beta of 0.97. The company has a 50 day moving average of $93.68 and a 200-day moving average of $88.07. Textron has a 52 week low of $57.70 and a 52 week high of $101.57.

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 the consensus estimate of $1.74 by ($0.01). The company had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.11 billion. Textron had a return on equity of 14.63% and a net margin of 6.22%.The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.34 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, sell-side analysts expect that Textron will post 6.12 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Julie G. Duffy sold 19,857 shares of the stock in a transaction dated Friday, February 13th. The shares were 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 $3,655,749.30. This trade represents a 34.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Mark S. Bamford sold 19,808 shares of Textron stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $97.96, for a total transaction of $1,940,391.68. Following the transaction, the vice president directly owned 7,872 shares of the company’s stock, valued at $771,141.12. This represents a 71.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 304,473 shares of company stock worth $29,976,723 in the last quarter. 1.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of TXT. True Wealth Design LLC lifted its holdings in 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 buying an additional 237 shares in the last quarter. Activest Wealth Management increased its stake 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 buying an additional 293 shares during the period. Wilkerson Advisory Group LLC bought a new stake in shares of Textron during the fourth quarter worth $26,000. Elyxium Wealth LLC acquired a new position in shares of Textron during the fourth quarter valued at $30,000. Finally, Strive Financial Group LLC bought a new position in Textron in the fourth quarter valued at about $31,000. 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.