TD Cowen Issues Pessimistic Forecast for Textron (NYSE:TXT) Stock Price

Textron (NYSE:TXT) had its price objective dropped by equities research analysts at TD Cowen from $115.00 to $105.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the aerospace company’s stock. TD Cowen’s price objective would indicate a potential upside of 16.41% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Wall Street Zen lowered Textron from a “buy” rating to a “hold” rating in a research report on Sunday. JPMorgan Chase & Co. lifted their price objective on Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Morgan Stanley set a $109.00 price objective on Textron in a research note on Monday, May 4th. Jefferies Financial Group restated a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. Finally, Wells Fargo & Company assumed coverage on Textron in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $92.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $104.30.

Textron Price Performance

TXT stock traded down $0.71 during trading on Monday, hitting $90.20. 330,306 shares of the stock traded hands, compared to its average volume of 1,578,960. Textron has a one year low of $75.80 and a one year high of $101.57. The stock has a market cap of $15.68 billion, a price-to-earnings ratio of 17.26, a P/E/G ratio of 1.36 and a beta of 0.90. The company has a 50 day simple moving average of $91.21 and a 200 day simple moving average of $91.90. The company has a current ratio of 1.84, a quick ratio of 0.87 and a debt-to-equity ratio of 0.43.

Textron (NYSE:TXT) last issued its quarterly earnings data on Thursday, April 30th. The aerospace company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.15. The firm had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.50 billion. Textron had a net margin of 6.15% and a return on equity of 14.56%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.28 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities analysts expect that Textron will post 6.6 EPS for the current fiscal year.

Insider Buying and Selling at Textron

In other news, Director Thomas A. Kennedy acquired 10,300 shares of the company’s stock in a transaction on Friday, May 1st. The stock was purchased at an average cost of $95.98 per share, with a total value of $988,594.00. Following the acquisition, the director owned 20,162 shares of the company’s stock, valued at $1,935,148.76. This trade represents a 104.44% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director R Kerry Clark sold 2,517 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $93.09, for a total transaction of $234,307.53. Following the transaction, the director owned 8,611 shares in the company, valued at approximately $801,597.99. The trade was a 22.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Textron

A number of institutional investors and hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Textron by 13.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,522 shares of the aerospace company’s stock worth $1,049,000 after purchasing an additional 1,709 shares during the last quarter. Empowered Funds LLC boosted its holdings in Textron by 6.3% during the first quarter. Empowered Funds LLC now owns 21,397 shares of the aerospace company’s stock worth $1,546,000 after buying an additional 1,265 shares during the last quarter. Focus Partners Wealth boosted its holdings in Textron by 18.0% during the first quarter. Focus Partners Wealth now owns 4,814 shares of the aerospace company’s stock worth $348,000 after buying an additional 735 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Textron during the 2nd quarter worth about $453,000. Finally, Baird Financial Group Inc. increased its stake in shares of Textron by 15.3% in the 2nd quarter. Baird Financial Group Inc. now owns 19,171 shares of the aerospace company’s stock valued at $1,539,000 after acquiring an additional 2,548 shares during the last quarter. 86.03% of the stock is owned by institutional investors.

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.