Analysts’ Recent Ratings Changes for Textron (TXT)

A number of firms have modified their ratings and price targets on shares of Textron (NYSE: TXT) recently:

• 1/24/2025 – Textron was downgraded by analysts at Bank of America Co. from a “buy” rating to a “neutral” rating. They now have a $85.00 price target on the stock, down previously from $110.00.
• 1/23/2025 – Textron had its price target lowered by analysts at Robert W. Baird from $100.00 to $92.00. They now have an “outperform” rating on the stock.
• 1/23/2025 – Textron had its price target lowered by analysts at Morgan Stanley from $86.00 to $82.00. They now have an “equal weight” rating on the stock.
• 1/21/2025 – Textron had its price target lowered by analysts at Citigroup Inc. from $118.00 to $111.00. They now have a “buy” rating on the stock.
• 1/16/2025 – Textron had its price target lowered by analysts at JPMorgan Chase & Co. from $90.00 to $88.00. They now have a “neutral” rating on the stock.
• 1/8/2025 – Textron had its price target lowered by analysts at Susquehanna from $100.00 to $90.00. They now have a “positive” rating on the stock.
• 1/6/2025 – Textron was upgraded by analysts at Vertical Research from a “hold” rating to a “buy” rating. They now have a $91.00 price target on the stock.
• 12/23/2024 – Textron had its price target lowered by analysts at Barclays PLC from $104.00 to $95.00. They now have an “overweight” rating on the stock.
• 12/19/2024 – Textron was upgraded by analysts at TD Cowen to a “hold” rating.

Textron Price Performance

Textron stock traded up $0.24 during mid-day trading on Tuesday, hitting $75.67. 285,995 shares of the company were exchanged, compared to its average volume of 1,360,737. The company has a quick ratio of 0.82, a current ratio of 1.83 and a debt-to-equity ratio of 0.40. The business has a fifty day moving average of $79.06 and a 200 day moving average of $84.29. Textron Inc. has a 1-year low of $74.12 and a 1-year high of $97.33. The company has a market capitalization of $14.04 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 1.25 and a beta of 1.27.

Textron (NYSE:TXT) last announced its earnings results on Wednesday, January 22nd. The aerospace company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.27 by $0.07. The company had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Textron had a return on equity of 14.92% and a net margin of 6.01%. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.60 earnings per share. As a group, sell-side analysts expect that Textron Inc. will post 6.1 earnings per share for the current year.

Hedge Funds Weigh In On Textron

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. True Wealth Design LLC acquired a new stake in Textron in the 3rd quarter valued at approximately $26,000. Capital Performance Advisors LLP bought a new position in shares of Textron during the 3rd quarter worth approximately $42,000. Eastern Bank bought a new position in shares of Textron during the 4th quarter worth approximately $42,000. Truvestments Capital LLC bought a new position in shares of Textron during the 3rd quarter worth approximately $43,000. Finally, Venturi Wealth Management LLC boosted its stake in shares of Textron by 69.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 566 shares of the aerospace company’s stock worth $50,000 after acquiring an additional 232 shares during the period. Institutional investors own 86.03% of the company’s stock.

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.