Weiss Ratings Reiterates "Hold (C+)" Rating for Textron (NYSE:TXT)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C+)" rating for Textron (NYSE:TXT), amid multiple other analysts providing varying ratings and price targets for the stock.
• The stock traded up $1.20 on Wednesday, reaching $86.23, with a consensus target price of $92.45 from analysts.
• Textron's recent quarterly earnings showed a 5.4% increase in revenue year-over-year, with reported earnings per share of $1.55, exceeding estimates by $0.10.

Textron (NYSE:TXT - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by investment analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

TXT has been the topic of several other research reports. Morgan Stanley raised their price objective on Textron from $71.00 to $86.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. Wall Street Zen downgraded shares of Textron from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 20th. Jefferies Financial Group restated a "buy" rating and set a $95.00 price objective (up from $85.00) on shares of Textron in a research report on Thursday, June 12th. UBS Group raised shares of Textron from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $73.00 to $88.00 in a research note on Monday, July 28th. Finally, Susquehanna boosted their target price on shares of Textron from $90.00 to $95.00 and gave the stock a "positive" rating in a research note on Friday, July 25th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $92.45.

Textron Price Performance

Shares of TXT stock traded up $1.20 during trading hours on Wednesday, hitting $86.23. The company had a trading volume of 1,018,202 shares, compared to its average volume of 1,491,214. The firm has a market capitalization of $15.37 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.43 and a beta of 1.13. Textron has a 12 month low of $57.70 and a 12 month high of $91.30. The firm's fifty day moving average is $81.24 and its 200 day moving average is $76.94. 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 (NYSE:TXT - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The aerospace company reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.10. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.64 billion. Textron had a return on equity of 14.26% and a net margin of 5.80%.The business's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $1.54 EPS. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. On average, sell-side analysts predict that Textron will post 6.12 EPS for the current fiscal year.

Insider Buying and Selling at Textron

In other news, EVP Julie G. Duffy sold 28,543 shares of the firm's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $79.37, for a total transaction of $2,265,457.91. Following the sale, the executive vice president owned 37,624 shares in the company, valued at approximately $2,986,216.88. This trade represents a 43.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.70% of the company's stock.

Hedge Funds Weigh In On Textron

Several institutional investors and hedge funds have recently made changes to their positions in the business. Kwmg LLC grew its holdings in Textron by 1.8% in the 3rd quarter. Kwmg LLC now owns 88,623 shares of the aerospace company's stock worth $7,488,000 after acquiring an additional 1,541 shares during the last quarter. Czech National Bank grew its position in Textron by 2.6% during the third quarter. Czech National Bank now owns 45,261 shares of the aerospace company's stock valued at $3,824,000 after buying an additional 1,131 shares during the period. Channel Wealth LLC bought a new stake in Textron during the third quarter valued at approximately $203,000. GAMMA Investing LLC boosted its position in shares of Textron by 17.4% in the third quarter. GAMMA Investing LLC now owns 5,632 shares of the aerospace company's stock worth $476,000 after purchasing an additional 836 shares during the period. Finally, Corient Private Wealth LLC boosted its position in shares of Textron by 2.3% during the second quarter. Corient Private Wealth LLC now owns 34,963 shares of the aerospace company's stock worth $2,807,000 after acquiring an additional 776 shares during the last quarter. Institutional investors 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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