Wells Fargo & Company Begins Coverage on Textron (NYSE:TXT)

Equities researchers at Wells Fargo & Company assumed coverage on shares of Textron (NYSE:TXT) in a report issued on Wednesday. The brokerage set an “equal weight” rating and a $92.00 price target on the aerospace company’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 5.06% from the company’s current price.

Several other analysts also recently weighed in on the company. UBS Group upped 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. Sanford C. Bernstein boosted their target price on Textron from $94.00 to $108.00 and gave the stock a “market perform” rating in a report on Thursday, February 19th. Morgan Stanley set a $92.00 target price on Textron in a research note on Thursday, January 29th. Susquehanna restated a “positive” rating and set a $110.00 price target on shares of Textron in a report on Thursday, January 15th. Finally, Citigroup lowered their price target on Textron from $107.00 to $97.00 and set a “neutral” rating for the company in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $98.00.

Textron Trading Up 1.9%

Shares of NYSE TXT opened at $87.57 on Wednesday. Textron has a 1 year low of $57.70 and a 1 year high of $101.57. The stock has a market cap of $15.25 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 1.30 and a beta of 0.95. The firm has a 50-day moving average of $93.83 and a 200 day moving average of $88.06. 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 (NYSE:TXT) last announced its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $1.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.01). Textron had a return on equity of 14.63% and a net margin of 6.22%.The business had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter last year, the company posted $1.34 EPS. Textron’s revenue for the quarter was up 15.6% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, sell-side analysts expect that Textron will post 6.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Julie G. Duffy sold 19,857 shares of the business’s stock in a transaction on 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 transaction, the executive vice president owned 37,039 shares in the company, valued at $3,655,749.30. The trade was a 34.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $21,612,705.79. Following the transaction, the chairman directly owned 742,418 shares in the company, valued at approximately $73,061,355.38. The trade was a 22.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 304,473 shares of company stock worth $29,976,723. 1.90% of the stock is owned by corporate insiders.

Institutional Trading of Textron

A number of institutional investors have recently made changes to their positions in TXT. True Wealth Design LLC raised its holdings in shares of 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 during the last quarter. Activest Wealth Management boosted its holdings in Textron by 3,255.6% in the fourth quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 293 shares during the last quarter. Wilkerson Advisory Group LLC purchased a new stake in Textron in the fourth quarter worth approximately $26,000. Elyxium Wealth LLC bought a new stake in Textron in the 4th quarter worth approximately $30,000. Finally, Strive Financial Group LLC purchased a new stake in Textron during the 4th quarter valued at $31,000. Hedge funds and other 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.