Textron (NYSE:TXT) Rating Increased to Strong-Buy at Wall Street Zen

Key Points

• Textron's rating was upgraded to "strong-buy" by Wall Street Zen, reflecting increased confidence in the company's performance.
• Multiple analysts have raised their target prices for Textron, with the highest being $105.00 from Barclays, indicating a positive outlook for the stock.
• The aerospace company reported earnings per share of $1.55, beating estimates, and expects FY 2025 EPS guidance between 6.000-6.200.

Textron (NYSE:TXT - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report issued on Saturday.

TXT has been the subject of a number of other reports. Susquehanna upped their target price on Textron from $90.00 to $95.00 and gave the company a "positive" rating in a research report on Friday, July 25th. Barclays upped their target price on Textron from $95.00 to $105.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Morgan Stanley upped their price objective on Textron from $71.00 to $86.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. The Goldman Sachs Group restated a "neutral" rating and set a $85.00 price objective (down from $95.00) on shares of Textron in a research report on Tuesday, July 1st. Finally, UBS Group upgraded Textron from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $73.00 to $88.00 in a research report on Monday, July 28th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, Textron currently has a consensus rating of "Hold" and a consensus target price of $92.45.

Textron Stock Performance

NYSE:TXT opened at $81.58 on Friday. The stock has a fifty day moving average price of $81.62 and a 200-day moving average price of $77.12. The company has a market cap of $14.54 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 1.38 and a beta of 1.13. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.84 and a current ratio of 1.84. Textron has a fifty-two week low of $57.70 and a fifty-two week high of $91.30.

Textron (NYSE:TXT - Get Free Report) last released its earnings results on Thursday, July 24th. The aerospace company reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.10. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.64 billion. Textron had a return on equity of 14.26% and a net margin of 5.80%.The company's revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.54 EPS. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, equities analysts anticipate that Textron will post 6.12 EPS for the current fiscal year.

Insider Transactions at Textron

In other Textron news, EVP Julie G. Duffy sold 28,543 shares of the company's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $79.37, for a total value of $2,265,457.91. Following the completion of the transaction, the executive vice president owned 37,624 shares of the company's stock, valued at $2,986,216.88. This represents a 43.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Textron

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. increased its stake in shares of Textron by 31.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 38,424 shares of the aerospace company's stock valued at $2,776,000 after buying an additional 9,082 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Textron by 16.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,193 shares of the aerospace company's stock valued at $1,474,000 after buying an additional 2,803 shares during the period. LPL Financial LLC increased its stake in shares of Textron by 4.9% in the first quarter. LPL Financial LLC now owns 89,732 shares of the aerospace company's stock valued at $6,483,000 after buying an additional 4,204 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in shares of Textron in the first quarter valued at about $545,000. Finally, TD Asset Management Inc increased its stake in shares of Textron by 2.2% in the first quarter. TD Asset Management Inc now owns 965,755 shares of the aerospace company's stock valued at $69,776,000 after buying an additional 20,733 shares during the period. Institutional investors and hedge funds own 86.03% of the company's stock.

Textron Company Profile

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts.

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