Textron (NYSE:TXT) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Textron (NYSE:TXT) from a buy rating to a hold rating in a research note issued to investors on Saturday.

Several other analysts also recently issued reports on TXT. UBS Group reissued a “neutral” rating and issued a $95.00 price target on shares of Textron in a research report on Wednesday, July 29th. JPMorgan Chase & Co. upped their price objective on shares of Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. Weiss Ratings upgraded shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. Finally, TD Cowen decreased their target price on shares of Textron from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.44.

Textron Stock Up 1.3%

Shares of NYSE:TXT opened at $86.34 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.85 and a current ratio of 1.86. Textron has a 52-week low of $76.45 and a 52-week high of $101.57. The business’s 50 day simple moving average is $90.85 and its two-hundred day simple moving average is $91.92. The firm has a market cap of $14.85 billion, a P/E ratio of 16.29, a PEG ratio of 1.24 and a beta of 0.90.

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

Insider Transactions at Textron

In related news, Director R Kerry Clark sold 2,517 shares of the 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 directly owned 8,611 shares of the company’s stock, valued at approximately $801,597.99. This represents a 22.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Textron

A number of hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its holdings in 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 purchasing an additional 218,201 shares during the period. New York State Teachers Retirement System increased its holdings in shares of 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 purchasing an additional 15,159 shares during the period. National Pension Service raised its position in shares of Textron by 17.5% in the fourth quarter. National Pension Service now owns 98,656 shares of the aerospace company’s stock worth $8,600,000 after buying an additional 14,701 shares in the last quarter. Bfsg LLC purchased a new stake in shares of Textron in the fourth quarter worth $7,255,000. Finally, Jefferies Financial Group Inc. bought a new stake in Textron during the fourth quarter valued at $18,521,000. 86.03% of the stock is owned by hedge funds and other institutional investors.

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.