Textron (NYSE:TXT) Raised to “Strong-Buy” at Wall Street Zen

Textron (NYSE:TXT) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

Several other equities research analysts also recently weighed in on the company. Susquehanna increased their price target on Textron from $90.00 to $95.00 and gave the stock a “positive” rating in a report on Friday, July 25th. UBS Group raised Textron from a “sell” rating to a “neutral” rating and increased their price target for the stock from $73.00 to $88.00 in a report on Monday, July 28th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $85.00 price target (down from $95.00) on shares of Textron in a report on Tuesday, July 1st. Morgan Stanley increased their price target on Textron from $71.00 to $86.00 and gave the stock an “equal weight” rating in a report on Thursday, July 17th. Finally, Barclays increased their price target on Textron from $95.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $92.67.

Textron Price Performance

TXT stock opened at $81.31 on Friday. The company has a market capitalization of $14.49 billion, a P/E ratio of 18.40, a PEG ratio of 1.33 and a beta of 1.14. Textron has a twelve month low of $57.70 and a twelve month high of $91.30. The business has a 50 day simple moving average of $80.94 and a 200-day simple moving average of $75.36. The company has a current ratio of 1.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.45.

Textron (NYSE:TXT) last posted its quarterly earnings data on Thursday, July 24th. The aerospace company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.10. The business had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.64 billion. Textron had a return on equity of 14.26% and a net margin of 5.80%.The company’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.54 earnings per share. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, equities analysts anticipate that Textron will post 6.12 EPS for the current year.

Insider Transactions at Textron

In other Textron news, EVP Julie G. Duffy sold 28,543 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $79.37, for a total value of $2,265,457.91. Following the completion of the transaction, the executive vice president owned 37,624 shares in the company, valued at approximately $2,986,216.88. This represents a 43.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TXT. Baird Financial Group Inc. increased its position in shares of Textron by 4.1% in the fourth quarter. Baird Financial Group Inc. now owns 18,254 shares of the aerospace company’s stock valued at $1,396,000 after buying an additional 726 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Textron by 8.3% in the fourth quarter. Cetera Investment Advisers now owns 52,717 shares of the aerospace company’s stock valued at $4,032,000 after buying an additional 4,024 shares in the last quarter. Crestline Management LP purchased a new position in shares of Textron in the fourth quarter valued at $359,000. FORA Capital LLC purchased a new position in shares of Textron in the fourth quarter valued at $668,000. Finally, Fullerton Fund Management Co Ltd. purchased a new position in shares of Textron in the fourth quarter valued at $612,000. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Company Profile

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts.