Wall Street Zen Downgrades Textron (NYSE:TXT) to Hold

Textron (NYSE:TXT) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

A number of other analysts have also recently commented on the company. TD Cowen cut their target price on Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. Morgan Stanley set a $98.00 target price on Textron in a research report on Wednesday. UBS Group restated a “neutral” rating and set a $95.00 price target on shares of Textron in a research note on Wednesday. Jefferies Financial Group reaffirmed a “buy” rating on shares of Textron in a research report on Sunday, May 3rd. Finally, Weiss Ratings upgraded Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $102.44.

Textron Trading Up 0.2%

NYSE TXT opened at $85.44 on Friday. The firm’s fifty day moving average price is $90.96 and its 200 day moving average price is $91.97. Textron has a 12 month low of $75.80 and a 12 month high of $101.57. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.86 and a quick ratio of 0.85. The company has a market capitalization of $14.69 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 1.24 and a beta of 0.91.

Textron (NYSE:TXT) last announced 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. Textron had a net margin of 6.12% and a return on equity of 14.30%. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same period in the previous year, the company earned $1.55 earnings per share. Textron’s quarterly revenue was up 3.0% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, sell-side analysts expect that Textron will post 6.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Textron news, Director R Kerry Clark sold 2,517 shares of Textron stock in a transaction that occurred 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 sale, the director owned 8,611 shares of the company’s stock, valued at approximately $801,597.99. The trade was a 22.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of Textron

A number of institutional investors have recently modified their holdings of TXT. AQR Capital Management LLC boosted its holdings in Textron by 51.1% during the fourth quarter. AQR Capital Management LLC now owns 5,357,182 shares of the aerospace company’s stock worth $466,986,000 after buying an additional 1,811,787 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its holdings in Textron by 270.7% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,005,843 shares of the aerospace company’s stock valued at $80,759,000 after buying an additional 734,478 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Textron during the 3rd quarter valued at approximately $56,255,000. Pacer Advisors Inc. lifted its position in shares of Textron by 4,104.8% during the 1st quarter. Pacer Advisors Inc. now owns 606,117 shares of the aerospace company’s stock valued at $53,072,000 after acquiring an additional 591,702 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Textron by 18.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,551,781 shares of the aerospace company’s stock worth $222,455,000 after acquiring an additional 405,314 shares in the last quarter. 86.03% of the stock is currently 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.