Textron (NYSE:TXT) Stock Rating Lowered by Wall Street Zen

Textron (NYSE:TXT) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday.

A number of other research analysts have also recently weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a research report on Sunday, May 3rd. TD Cowen raised shares of Textron from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings downgraded shares of Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 26th. UBS Group lifted their target price on shares of Textron from $99.00 to $100.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, Wells Fargo & Company assumed coverage on shares of Textron in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $92.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Textron currently has an average rating of “Moderate Buy” and an average price target of $102.80.

Textron Trading Up 0.6%

NYSE:TXT traded up $0.50 on Friday, hitting $90.93. 607,661 shares of the stock were exchanged, compared to its average volume of 1,555,076. The stock has a market cap of $15.81 billion, a PE ratio of 17.39, a PEG ratio of 1.36 and a beta of 0.90. The company has a current ratio of 1.84, a quick ratio of 0.87 and a debt-to-equity ratio of 0.43. The stock has a fifty day moving average of $91.21 and a 200-day moving average of $91.89. Textron has a fifty-two week low of $75.80 and a fifty-two week high of $101.57.

Textron (NYSE:TXT) last released its quarterly earnings data on Thursday, April 30th. The aerospace company reported $1.45 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $3.50 billion. During the same period in the previous year, the company posted $1.28 EPS. The company’s revenue was up 11.8% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, equities analysts expect that Textron will post 6.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Thomas A. Kennedy bought 10,300 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was acquired at an average cost of $95.98 per share, for a total transaction of $988,594.00. Following the completion of the purchase, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director R Kerry Clark sold 2,517 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $93.09, for a total transaction of $234,307.53. Following the sale, 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. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Textron

A number of institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its holdings in shares of Textron by 22.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,191,811 shares of the aerospace company’s stock valued at $103,890,000 after buying an additional 218,201 shares during the period. CWA Asset Management Group LLC bought a new position in Textron in the fourth quarter worth about $1,988,000. New York State Teachers Retirement System lifted its holdings in Textron by 10.7% in the fourth quarter. New York State Teachers Retirement System now owns 156,485 shares of the aerospace company’s stock worth $13,641,000 after acquiring an additional 15,159 shares during the last quarter. Econ Financial Services Corp acquired a new position in Textron in the fourth quarter valued at approximately $1,879,000. Finally, National Pension Service grew its holdings in shares of Textron by 17.5% during the fourth quarter. National Pension Service now owns 98,656 shares of the aerospace company’s stock valued at $8,600,000 after purchasing an additional 14,701 shares during the last quarter. Institutional investors and hedge funds 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.