Citigroup Increases Textron (NYSE:TXT) Price Target to $99.00

Textron (NYSE:TXT) had its target price hoisted by investment analysts at Citigroup from $97.00 to $99.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the aerospace company’s stock. Citigroup’s target price would indicate a potential upside of 12.42% from the stock’s previous close.

A number of other equities analysts also recently commented on the company. JPMorgan Chase & Co. increased their price objective on Textron from $88.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Sanford C. Bernstein boosted their target price on shares of Textron from $94.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday, February 19th. Morgan Stanley set a $92.00 price target on shares of Textron in a research note on Thursday, January 29th. Wells Fargo & Company initiated coverage on shares of Textron in a report on Wednesday. They set an “equal weight” rating and a $92.00 price target on the stock. Finally, Weiss Ratings upgraded shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Textron presently has a consensus rating of “Hold” and an average price target of $98.18.

Textron Stock Down 1.0%

TXT traded down $0.85 during trading on Thursday, reaching $88.07. 280,734 shares of the stock traded hands, compared to its average volume of 1,790,434. The stock’s 50-day simple moving average is $93.68 and its two-hundred day simple moving average is $88.07. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.97 and a quick ratio of 0.99. Textron has a fifty-two week low of $57.70 and a fifty-two week high of $101.57. The stock has a market cap of $15.33 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth 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 earnings per share 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 analyst estimates of $4.11 billion. Textron had a return on equity of 14.63% and a net margin of 6.22%.The business’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 earned $1.34 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, equities research analysts expect that Textron will post 6.12 EPS for the current year.

Insider Activity at Textron

In related news, Chairman Scott C. Donnelly sold 219,619 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $98.41, for a total transaction of $21,612,705.79. Following the completion of the sale, the chairman directly owned 742,418 shares of the company’s stock, valued at approximately $73,061,355.38. This represents a 22.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lisa M. Atherton sold 7,600 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $98.68, for a total transaction of $749,968.00. Following the completion of the transaction, the chief executive officer owned 29,473 shares in the company, valued at $2,908,395.64. The trade was a 20.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have 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

A number of institutional investors and hedge funds have recently bought and sold shares of TXT. True Wealth Design LLC increased its stake in shares of Textron by 388.5% in the third quarter. True Wealth Design LLC now owns 298 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 237 shares during the period. Activest Wealth Management boosted its stake in Textron by 3,255.6% during 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 during the period. Wilkerson Advisory Group LLC acquired a new stake in Textron in the 4th quarter valued at approximately $26,000. Elyxium Wealth LLC bought a new position in Textron in the 4th quarter worth approximately $30,000. Finally, Strive Financial Group LLC bought a new position in Textron in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds 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.