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Textron surges after earnings beat and higher 2026 outlook

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Textron (TXT) is up 14.5% today. Here is some analysis on what might have caused this price movement. ([investor.textron.com](https://investor.textron.com/news-releases/news-details/2026/Textron-Reports-Third-Quarter-2026-Results-Raises-Full-Year-Adjusted-EPS-and-Cash-Flow-Outlook/default.aspx?utm_source=openai))

Analysis: The sharp move appears tied primarily to a stronger-than-expected third-quarter report and a higher full-year outlook. Investors also seem to be reacting to strong Aviation deliveries, improved cash generation, and an update that supports funding progress on the MV-75 Cheyenne program. ([investor.textron.com](https://investor.textron.com/news-releases/news-details/2026/Textron-Reports-Third-Quarter-2026-Results-Raises-Full-Year-Adjusted-EPS-and-Cash-Flow-Outlook/default.aspx))

Details:

  • Adjusted earnings were $1.76 per share for the quarter, ahead of the consensus level referenced in market coverage, while revenue rose to about $3.75 billion from roughly $3.60 billion a year earlier. ([investor.textron.com](https://investor.textron.com/news-releases/news-details/2026/Textron-Reports-Third-Quarter-2026-Results-Raises-Full-Year-Adjusted-EPS-and-Cash-Flow-Outlook/default.aspx))
  • The company raised its 2026 adjusted EPS outlook to $6.55 to $6.65 and lifted its manufacturing cash flow before pension contributions forecast to $800 million to $900 million. ([investor.textron.com](https://investor.textron.com/news-releases/news-details/2026/Textron-Reports-Third-Quarter-2026-Results-Raises-Full-Year-Adjusted-EPS-and-Cash-Flow-Outlook/default.aspx))
  • Textron Aviation was a major bright spot, with revenue up 14% to $1.68 billion as Citation jet deliveries increased to 51 from 42 in the prior-year quarter. ([investor.textron.com](https://investor.textron.com/news-releases/news-details/2026/Textron-Reports-Third-Quarter-2026-Results-Raises-Full-Year-Adjusted-EPS-and-Cash-Flow-Outlook/default.aspx))
  • The updated outlook also reflects Congressional approval tied to the U.S. Army ATR request for the MV-75 Cheyenne program and related contract modifications, which may have added confidence around future defense revenue. ([investor.textron.com](https://investor.textron.com/news-releases/news-details/2026/Textron-Reports-Third-Quarter-2026-Results-Raises-Full-Year-Adjusted-EPS-and-Cash-Flow-Outlook/default.aspx))
  • Sources:

    Textron Investor Relations, Investing.com, Zacks ([investor.textron.com](https://investor.textron.com/news-releases/news-details/2026/Textron-Reports-Third-Quarter-2026-Results-Raises-Full-Year-Adjusted-EPS-and-Cash-Flow-Outlook/default.aspx?utm_source=openai))

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $TXT Insider Trading Activity

    TXT Insider Trades

    $TXT insiders have traded $TXT stock on the open market 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.

    Here’s a breakdown of recent trading of $TXT stock by insiders over the last 6 months:

    • THOMAS A KENNEDY purchased 10,300 shares for an estimated $988,594
    • R KERRY CLARK sold 2,517 shares for an estimated $234,307

    To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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    $TXT Hedge Fund Activity

    We have seen 356 institutional investors add shares of $TXT stock to their portfolio, and 377 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

    $TXT Government Contracts

    We have seen $2,688,122,365 of award payments to $TXT over the last year.

    Here are some of the awards which we have have seen pay out the most over the last year:

    To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

    $TXT Price Targets

    Multiple analysts have issued price targets for $TXT recently. We have seen 2 analysts offer price targets for $TXT in the last 6 months, with a median target of $102.5.

    Here are some recent targets:

    • Seth Seifman from JP Morgan set a target price of $105.0 on 05/04/2026
    • Gavin Parsons from UBS set a target price of $100.0 on 05/04/2026

    This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.

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