Textron (NYSE:TXT) Reaches New 52-Week High – Should You Buy?

Textron Inc. (NYSE:TXT) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $101.57 and last traded at $100.69, with a volume of 371925 shares trading hands. The stock had previously closed at $99.70.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TXT. UBS Group raised their price target on Textron from $89.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. TD Cowen reduced their target price on shares of Textron from $95.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, October 24th. Weiss Ratings upgraded shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 10th. Susquehanna reissued a “positive” rating and set a $110.00 target price on shares of Textron in a research report on Thursday, January 15th. Finally, Freedom Capital raised Textron to a “strong-buy” rating in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Textron presently has an average rating of “Moderate Buy” and an average price target of $97.20.

Textron Trading Up 0.7%

The company has a debt-to-equity ratio of 0.49, a current ratio of 1.97 and a quick ratio of 0.99. The company has a market capitalization of $17.49 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 1.48 and a beta of 0.99. The business has a fifty day moving average price of $91.50 and a 200 day moving average price of $85.13.

Textron (NYSE:TXT) last released 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 company had revenue of $4.18 billion for the quarter, compared to analyst estimates of $4.11 billion. Textron had a net margin of 6.22% and a return on equity of 14.63%. Textron’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.34 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, equities analysts expect that Textron Inc. will post 6.12 EPS for the current fiscal year.

Institutional Trading of Textron

A number of hedge funds have recently modified their holdings of the company. Numerai GP LLC lifted its position in Textron by 92.8% in the fourth quarter. Numerai GP LLC now owns 86,907 shares of the aerospace company’s stock worth $7,576,000 after purchasing an additional 41,831 shares during the period. Investment Management Corp of Ontario raised its stake in shares of Textron by 9.9% in the 4th quarter. Investment Management Corp of Ontario now owns 39,692 shares of the aerospace company’s stock valued at $3,460,000 after buying an additional 3,583 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Textron by 2.1% during the 4th quarter. Janus Henderson Group PLC now owns 17,018 shares of the aerospace company’s stock worth $1,483,000 after acquiring an additional 347 shares during the period. Gotham Asset Management LLC boosted its position in shares of Textron by 74.0% during the 4th quarter. Gotham Asset Management LLC now owns 262,625 shares of the aerospace company’s stock valued at $22,893,000 after acquiring an additional 111,672 shares in the last quarter. Finally, Evolve Private Wealth LLC bought a new stake in Textron in the fourth quarter valued at about $1,103,000. Institutional investors own 86.03% of the company’s stock.

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.