Textron Inc. (NYSE:TXT) Receives $101.18 Consensus PT from Analysts

Shares of Textron Inc. (NYSE:TXTGet Free Report) have been assigned an average recommendation of “Hold” from the thirteen analysts that are covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $101.1818.

TXT has been the topic of a number of research reports. UBS Group upped their target price on Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Morgan Stanley set a $109.00 target price on Textron in a research report on Monday, May 4th. Wall Street Zen lowered Textron from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 23rd. Citigroup upped their price target on Textron from $97.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Finally, Sanford C. Bernstein upped their price target on Textron from $94.00 to $108.00 and gave the stock a “market perform” rating in a report on Thursday, February 19th.

View Our Latest Stock Report on Textron

Textron Price Performance

Shares of NYSE:TXT opened at $91.88 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.84 and a debt-to-equity ratio of 0.43. Textron has a twelve month low of $72.00 and a twelve month high of $101.57. The stock’s 50 day moving average is $90.20 and its 200-day moving average is $89.92. The firm has a market capitalization of $15.98 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 1.35 and a beta of 0.93.

Textron (NYSE:TXTGet Free Report) last issued its earnings results on Thursday, April 30th. The aerospace company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.15. Textron had a return on equity of 14.56% and a net margin of 6.15%.The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same period in the prior year, the firm earned $1.28 earnings per share. Textron’s revenue for the quarter was up 11.8% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Sell-side analysts forecast that Textron will post 6.6 EPS for the current fiscal year.

Textron Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be issued a dividend of $0.02 per share. The ex-dividend date is Friday, June 12th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s dividend payout ratio is 1.53%.

Insider Buying and Selling at Textron

In related news, Director R Kerry Clark sold 2,517 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total transaction of $234,307.53. Following the completion of the sale, the director owned 8,611 shares in the company, valued at approximately $801,597.99. This represents a 22.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Thomas A. Kennedy purchased 10,300 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average price of $95.98 per share, with a total value of $988,594.00. Following the acquisition, the director directly owned 20,162 shares of the company’s stock, valued at $1,935,148.76. This represents a 104.44% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Textron

Several institutional investors have recently bought and sold shares of TXT. AQR Capital Management LLC grew its holdings in Textron by 51.1% during the fourth quarter. AQR Capital Management LLC now owns 5,357,182 shares of the aerospace company’s stock worth $466,986,000 after buying an additional 1,811,787 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its stake in Textron by 270.7% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,005,843 shares of the aerospace company’s stock valued at $80,759,000 after purchasing an additional 734,478 shares during the period. Balyasny Asset Management L.P. bought a new position in Textron in the 3rd quarter valued at $56,255,000. SG Americas Securities LLC grew its stake in Textron by 8,087.0% in the 4th quarter. SG Americas Securities LLC now owns 429,492 shares of the aerospace company’s stock valued at $37,439,000 after purchasing an additional 424,246 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Textron by 18.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,551,781 shares of the aerospace company’s stock valued at $222,455,000 after purchasing an additional 405,314 shares during the period. Institutional investors own 86.03% of the company’s stock.

Textron Company Profile

(Get Free Report)

Textron Inc is a global, multi-industry manufacturing company headquartered in Providence, Rhode Island. The company designs, manufactures and services a diverse range of products for the aerospace, defense and industrial markets. Textron operates through four primary business segments—Textron Aviation, Bell, Textron Systems and Industrial—each of which serves customers around the world.

Textron Aviation is known for its Cessna and Beechcraft branded business jets and turboprop aircraft, offering models that range from light jets and turboprops to larger cabin aircraft designed for corporate and charter use.

Further Reading

Analyst Recommendations for Textron (NYSE:TXT)

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