Textron (NYSE:TXT) Downgraded by Wall Street Zen to Hold

Wall Street Zen lowered shares of Textron (NYSE:TXT) from a buy rating to a hold rating in a research report released on Saturday.

A number of other analysts have also weighed in on the stock. UBS Group restated a “neutral” rating and issued a $95.00 target price on shares of Textron in a research report on Wednesday. JPMorgan Chase & Co. increased their price target on Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Morgan Stanley set a $98.00 price objective on Textron in a report on Wednesday. TD Cowen reduced their price objective on Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a report on Sunday, May 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $102.44.

Textron Stock Performance

Textron stock opened at $85.44 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.86 and a debt-to-equity ratio of 0.43. The stock has a market cap of $14.69 billion, a PE ratio of 16.12, a P/E/G ratio of 1.24 and a beta of 0.90. Textron has a 12-month low of $75.80 and a 12-month high of $101.57. The business’s 50-day moving average price is $90.96 and its two-hundred day moving average price is $91.98.

Textron (NYSE:TXT) last posted its earnings results on Tuesday, July 28th. The aerospace company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.07. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Textron had a net margin of 6.12% and a return on equity of 14.30%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.55 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, analysts expect that Textron will post 6.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director R Kerry Clark sold 2,517 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total value of $234,307.53. Following the sale, the director directly owned 8,611 shares in the company, valued at $801,597.99. This represents a 22.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Activest Wealth Management increased 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 worth $26,000 after buying an additional 293 shares during the period. Wilkerson Advisory Group LLC acquired a new position in Textron in the fourth quarter valued at $26,000. Cedar Mountain Advisors LLC bought a new stake in Textron during the first quarter valued at $29,000. Elyxium Wealth LLC bought a new stake in Textron during the fourth quarter valued at $30,000. Finally, Strive Financial Group LLC acquired a new stake in Textron during the 4th quarter worth about $31,000. Institutional investors and hedge funds 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.