UBS Group Upgrades Textron (NYSE:TXT) to “Strong-Buy”

Textron (NYSE:TXT) was upgraded by equities researchers at UBS Group from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

A number of other research analysts also recently commented on TXT. Wall Street Zen downgraded Textron from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. Weiss Ratings downgraded Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. Morgan Stanley set a $109.00 target price on Textron in a research note on Monday. Sanford C. Bernstein boosted their target price on Textron from $94.00 to $108.00 and gave the company a “market perform” rating in a research note on Thursday, February 19th. Finally, Wells Fargo & Company initiated coverage on Textron in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $92.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $101.18.

Textron Stock Performance

Shares of TXT stock opened at $90.82 on Monday. Textron has a 1-year low of $69.46 and a 1-year high of $101.57. The company has a current ratio of 1.84, a quick ratio of 0.87 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $15.81 billion, a price-to-earnings ratio of 17.37, a P/E/G ratio of 1.42 and a beta of 0.93. The stock’s fifty day simple moving average is $92.01 and its 200-day simple moving average is $89.02.

Textron (NYSE:TXT) last issued its earnings results on Thursday, April 30th. The aerospace company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.15. Textron had a return on equity of 14.56% and a net margin of 6.15%.The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the previous year, the company posted $1.28 earnings per share. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, sell-side analysts predict that Textron will post 6.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Thomas A. Kennedy purchased 10,300 shares of Textron stock in a transaction on Friday, May 1st. The stock was bought at an average price of $95.98 per share, with a total value of $988,594.00. Following the completion of the transaction, the director directly owned 20,162 shares of the company’s stock, valued at approximately $1,935,148.76. This represents a 104.44% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Mark S. Bamford sold 19,808 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $97.96, for a total value of $1,940,391.68. Following the completion of the sale, the vice president directly owned 7,872 shares of the company’s stock, valued at $771,141.12. This represents a 71.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 304,473 shares of company stock valued at $29,976,723. 1.90% of the stock is owned by corporate insiders.

Institutional Trading of Textron

A number of institutional investors and hedge funds have recently made changes to their positions in TXT. Envestnet Asset Management Inc. lifted its position in shares of Textron by 10.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 166,532 shares of the aerospace company’s stock worth $14,070,000 after purchasing an additional 15,550 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Textron during the 4th quarter worth about $1,988,000. Robeco Institutional Asset Management B.V. lifted its position in shares of Textron by 6.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 695,962 shares of the aerospace company’s stock worth $58,802,000 after purchasing an additional 39,389 shares during the last quarter. Rakuten Investment Management Inc. acquired a new position in shares of Textron during the 3rd quarter worth about $5,018,000. Finally, Citizens Financial Group Inc. RI acquired a new position in shares of Textron during the 3rd quarter worth about $1,078,000. 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.