Analysts Set Textron Inc. (NYSE:TXT) Price Target at $102.44

Textron Inc. (NYSE:TXT) has earned a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $102.4444.

A number of analysts have commented on the stock. UBS Group reaffirmed a “neutral” rating and set a $95.00 price objective on shares of Textron in a research note on Wednesday, July 29th. JPMorgan Chase & Co. lifted their target price on shares of Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Weiss Ratings upgraded shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. Wall Street Zen downgraded shares of Textron from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, TD Cowen decreased their price objective on shares of Textron from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, July 13th.

Textron Stock Up 1.3%

Shares of Textron stock opened at $86.34 on Friday. Textron has a 12-month low of $76.45 and a 12-month high of $101.57. The firm has a market capitalization of $14.85 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 1.24 and a beta of 0.90. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 0.43. The stock’s fifty day moving average is $90.85 and its 200-day moving average is $91.92.

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

Insider Activity

In other news, Director R Kerry Clark sold 2,517 shares of the firm’s stock in a transaction 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 completion of the sale, the director owned 8,611 shares of the company’s stock, valued at $801,597.99. This trade represents a 22.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

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

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.