Textron (NYSE:TXT) Price Target Lowered to $92.00 at Robert W. Baird

Textron (NYSE:TXT) had its price objective reduced by Robert W. Baird from $100.00 to $92.00 in a research note published on Thursday morning,Benzinga reports. They currently have an outperform rating on the aerospace company’s stock.

Other equities research analysts also recently issued reports about the company. UBS Group reduced their price target on Textron from $87.00 to $79.00 and set a “sell” rating on the stock in a report on Friday, October 25th. Citigroup lowered their target price on shares of Textron from $118.00 to $111.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Barclays reduced their price target on shares of Textron from $104.00 to $95.00 and set an “overweight” rating on the stock in a research note on Monday, December 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Textron from $90.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, TD Cowen raised shares of Textron to a “hold” rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $93.45.

Textron Stock Performance

NYSE:TXT opened at $77.22 on Thursday. The firm has a market capitalization of $14.33 billion, a PE ratio of 17.92, a PEG ratio of 1.27 and a beta of 1.27. The stock’s fifty day moving average is $79.88 and its 200 day moving average is $84.90. Textron has a fifty-two week low of $74.89 and a fifty-two week high of $97.33. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 1.83.

Textron (NYSE:TXT) last released its earnings results on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.07. The firm had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3,778,060 billion. Textron had a net margin of 6.01% and a return on equity of 14.92%. The business’s revenue was down 7.2% on a year-over-year basis. During the same quarter last year, the business earned $1.60 EPS. On average, sell-side analysts anticipate that Textron will post 6.15 earnings per share for the current year.

Institutional Investors Weigh In On Textron

A number of institutional investors have recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. lifted its position in shares of Textron by 3.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 511,770 shares of the aerospace company’s stock valued at $39,145,000 after buying an additional 16,359 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its position in Textron by 5.8% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 2,977 shares of the aerospace company’s stock valued at $228,000 after acquiring an additional 163 shares during the last quarter. Foundations Investment Advisors LLC boosted its stake in Textron by 4.1% in the fourth quarter. Foundations Investment Advisors LLC now owns 4,272 shares of the aerospace company’s stock valued at $327,000 after acquiring an additional 169 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Textron by 19.3% in the fourth quarter. Pacer Advisors Inc. now owns 16,555 shares of the aerospace company’s stock worth $1,266,000 after purchasing an additional 2,679 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Textron by 36.1% during the 4th quarter. Blue Trust Inc. now owns 2,606 shares of the aerospace company’s stock valued at $199,000 after purchasing an additional 691 shares during the last quarter. Institutional investors own 86.03% of the company’s stock.

About Textron

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.