Textron (NYSE:TXT) Given New $97.00 Price Target at Citigroup

Textron (NYSE:TXTGet Free Report) had its price target decreased by equities researchers at Citigroup from $107.00 to $97.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the aerospace company’s stock. Citigroup’s price objective indicates a potential upside of 10.77% from the company’s previous close.

Other research analysts have also issued research reports about the stock. UBS Group increased their price target on shares of Textron from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. Susquehanna reissued a “positive” rating and issued a $110.00 target price on shares of Textron in a report on Thursday, January 15th. TD Cowen cut their target price on Textron from $95.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, October 24th. Morgan Stanley set a $92.00 price target on Textron in a research report on Thursday. Finally, Weiss Ratings lowered Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $97.70.

Read Our Latest Research Report on TXT

Textron Stock Performance

Textron stock traded up $0.78 during trading hours on Thursday, hitting $87.57. The stock had a trading volume of 1,485,281 shares, compared to its average volume of 1,867,797. The company has a 50-day moving average of $88.42 and a two-hundred day moving average of $83.96. The company has a quick ratio of 0.86, a current ratio of 1.84 and a debt-to-equity ratio of 0.45. Textron has a fifty-two week low of $57.70 and a fifty-two week high of $96.98. The company has a market cap of $15.43 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 1.41 and a beta of 1.00.

Textron (NYSE:TXTGet Free Report) last released its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $1.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.01). The firm had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.11 billion. Textron had a net margin of 5.81% and a return on equity of 14.16%. The business’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.34 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, equities research analysts anticipate that Textron will post 6.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Textron

Institutional investors and hedge funds have recently made changes to their positions in the company. Hantz Financial Services Inc. increased its position in Textron by 2.9% in the second quarter. Hantz Financial Services Inc. now owns 4,963 shares of the aerospace company’s stock worth $398,000 after purchasing an additional 140 shares during the period. Glenmede Investment Management LP raised its stake in shares of Textron by 1.0% during the third quarter. Glenmede Investment Management LP now owns 14,123 shares of the aerospace company’s stock worth $1,193,000 after buying an additional 142 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Textron by 18.8% in the second quarter. Geneos Wealth Management Inc. now owns 998 shares of the aerospace company’s stock valued at $80,000 after buying an additional 158 shares during the period. CX Institutional boosted its stake in Textron by 6.8% in the third quarter. CX Institutional now owns 2,529 shares of the aerospace company’s stock valued at $214,000 after acquiring an additional 162 shares during the last quarter. Finally, 3Chopt Investment Partners LLC grew its holdings in Textron by 3.3% during the 2nd quarter. 3Chopt Investment Partners LLC now owns 5,333 shares of the aerospace company’s stock worth $428,000 after acquiring an additional 168 shares during the period. Institutional investors own 86.03% of the company’s stock.

Key Textron News

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About Textron

(Get Free Report)

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.

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