Citigroup Cuts Textron (NYSE:TXT) Price Target to $97.00

Textron (NYSE:TXTGet Free Report) had its price objective decreased by investment analysts at Citigroup from $107.00 to $97.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the aerospace company’s stock. Citigroup’s target price suggests a potential upside of 10.77% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Freedom Capital raised Textron to a “strong-buy” rating in a research note on Friday, January 16th. UBS Group raised their price target on Textron from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. Wall Street Zen cut Textron from a “strong-buy” rating to a “buy” rating in a report on Friday, January 23rd. TD Cowen lowered their target price on Textron from $95.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, October 24th. Finally, Susquehanna restated a “positive” rating and set a $110.00 target price on shares of Textron in a report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $97.70.

Read Our Latest Report on Textron

Textron Trading Up 0.9%

Shares of NYSE:TXT traded up $0.78 during mid-day trading on Thursday, reaching $87.57. The stock had a trading volume of 1,485,281 shares, compared to its average volume of 1,867,797. The firm has a 50 day simple moving average of $88.42 and a two-hundred day simple moving average of $83.96. Textron has a twelve month low of $57.70 and a twelve month high of $96.98. The firm has a market cap of $15.43 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 1.41 and a beta of 1.00. The company has a current ratio of 1.84, a quick ratio of 0.86 and a debt-to-equity ratio of 0.45.

Textron (NYSE:TXTGet Free Report) last issued its earnings results on Wednesday, January 28th. The aerospace company reported $1.73 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.01). The firm had revenue of $4.18 billion during the quarter, compared to the consensus estimate of $4.11 billion. Textron had a net margin of 5.81% and a return on equity of 14.16%. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.34 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, research analysts predict that Textron will post 6.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TXT. Hantz Financial Services Inc. boosted its holdings in shares of Textron by 2.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 4,963 shares of the aerospace company’s stock valued at $398,000 after buying an additional 140 shares during the last quarter. Glenmede Investment Management LP increased its holdings in Textron by 1.0% during the third quarter. Glenmede Investment Management LP now owns 14,123 shares of the aerospace company’s stock worth $1,193,000 after buying an additional 142 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Textron by 18.8% during the second quarter. Geneos Wealth Management Inc. now owns 998 shares of the aerospace company’s stock worth $80,000 after acquiring an additional 158 shares in the last quarter. CX Institutional lifted its stake in Textron by 6.8% in the third quarter. CX Institutional now owns 2,529 shares of the aerospace company’s stock valued at $214,000 after acquiring an additional 162 shares during the last quarter. Finally, 3Chopt Investment Partners LLC grew its position in shares of Textron by 3.3% in the 2nd quarter. 3Chopt Investment Partners LLC now owns 5,333 shares of the aerospace company’s stock valued at $428,000 after acquiring an additional 168 shares during the period. Institutional investors and hedge funds own 86.03% of the company’s stock.

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Textron Company Profile

(Get Free Report)

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.

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