Textron (NYSE:TXT) Upgraded to Strong-Buy at UBS Group

UBS Group upgraded shares of Textron (NYSE:TXT) from a hold rating to a strong-buy rating in a report issued on Monday,Zacks.com reports.

TXT has been the subject of several other reports. Weiss Ratings cut shares of Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 15th. Wall Street Zen cut shares of Textron from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 23rd. TD Cowen raised shares of Textron from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. Susquehanna reissued a “positive” rating and set a $110.00 price target on shares of Textron in a research report on Thursday, January 15th. Finally, Wells Fargo & Company began 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. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Textron presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.18.

Textron Trading Up 0.8%

TXT traded up $0.69 during trading on Monday, hitting $91.63. 67,082 shares of the stock traded hands, compared to its average volume of 1,660,679. The firm has a market capitalization of $15.95 billion, a P/E ratio of 17.55, a price-to-earnings-growth ratio of 1.42 and a beta of 0.93. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.84 and a quick ratio of 0.87. The firm has a 50-day moving average of $92.01 and a 200 day moving average of $89.02. Textron has a 12-month low of $69.46 and a 12-month high of $101.57.

Textron (NYSE:TXT) last announced its quarterly earnings results 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 net margin of 6.15% and a return on equity of 14.56%. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the prior year, the company posted $1.28 EPS. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities research analysts anticipate that Textron will post 6.58 EPS for the current year.

Textron Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s payout ratio is 1.53%.

Insiders Place Their Bets

In other Textron news, EVP E Robert Lupone sold 28,056 shares of Textron stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $98.84, for a total value of $2,773,055.04. Following the completion of the transaction, the executive vice president directly owned 103,991 shares of the company’s stock, valued at approximately $10,278,470.44. The trade was a 21.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas A. Kennedy bought 10,300 shares of the firm’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 completion of the acquisition, the director directly owned 20,162 shares of the company’s stock, valued at approximately $1,935,148.76. The trade was a 104.44% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders sold 304,473 shares of company stock valued at $29,976,723. 1.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Wilkerson Advisory Group LLC purchased a new position in Textron in the fourth quarter worth about $26,000. Activest Wealth Management raised its holdings in Textron by 3,255.6% in the fourth quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock worth $26,000 after buying an additional 293 shares during the last quarter. Cedar Mountain Advisors LLC purchased a new position in Textron in the first quarter worth about $29,000. Elyxium Wealth LLC bought a new stake in shares of Textron in the fourth quarter worth approximately $30,000. Finally, Strive Financial Group LLC bought a new stake in shares of Textron in the fourth quarter worth approximately $31,000. 86.03% of the stock is owned by hedge funds and other 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.