Textron (NYSE:TXT) Upgraded at Wells Fargo & Company

Textron (NYSE:TXT) was upgraded by research analysts at Wells Fargo & Company to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other research analysts also recently commented on the company. Wall Street Zen downgraded Textron from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. UBS Group boosted their price target on shares of Textron from $89.00 to $99.00 and gave the company a “neutral” rating in a report on Thursday, January 15th. Citigroup lowered their price target on shares of Textron from $107.00 to $97.00 and set a “neutral” rating for the company in a research report on Thursday, January 29th. Freedom Capital upgraded shares of Textron to a “strong-buy” rating in a research report on Friday, January 16th. Finally, Weiss Ratings raised shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $98.00.

Textron Price Performance

Shares of NYSE:TXT opened at $88.96 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.97 and a debt-to-equity ratio of 0.49. The firm has a 50-day simple moving average of $93.68 and a 200 day simple moving average of $88.07. Textron has a fifty-two week low of $57.70 and a fifty-two week high of $101.57. The company has a market cap of $15.49 billion, a PE ratio of 17.41, a P/E/G ratio of 1.32 and a beta of 0.97.

Textron (NYSE:TXT) last issued its earnings results on Wednesday, January 28th. The aerospace company reported $1.73 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.01). The company had revenue of $4.18 billion during 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%. The business’s revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.34 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, sell-side analysts anticipate that Textron will post 6.12 EPS for the current year.

Insider Buying and Selling

In related news, EVP Julie G. Duffy sold 19,857 shares of Textron stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $98.70, for a total value of $1,959,885.90. Following the completion of the sale, the executive vice president directly owned 37,039 shares in the company, valued at $3,655,749.30. This trade represents a 34.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa M. Atherton sold 7,600 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $98.68, for a total transaction of $749,968.00. Following the transaction, the chief executive officer owned 29,473 shares in the company, valued at approximately $2,908,395.64. The trade was a 20.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 304,473 shares of company stock worth $29,976,723. 1.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TXT. True Wealth Design LLC raised its position in Textron by 388.5% during the third quarter. True Wealth Design LLC now owns 298 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 237 shares in the last quarter. Activest Wealth Management boosted its holdings in shares of Textron by 3,255.6% in the 4th quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 293 shares in the last quarter. Wilkerson Advisory Group LLC acquired a new position in shares of Textron during the 4th quarter worth $26,000. Elyxium Wealth LLC acquired a new position in shares of Textron during the 4th quarter worth $30,000. Finally, Strive Financial Group LLC bought a new position in Textron in the fourth quarter valued at about $31,000. 86.03% of the stock is currently owned by 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.