Textron (NYSE:TXT) Sets New 52-Week Low – Should You Sell?

Textron Inc. (NYSE:TXTGet Free Report)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $78.11 and last traded at $78.17, with a volume of 659810 shares. The stock had previously closed at $79.41.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TXT. Wall Street Zen downgraded Textron from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Morgan Stanley set a $98.00 target price on Textron in a report on Wednesday, July 29th. Weiss Ratings downgraded shares of Textron from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. TD Cowen dropped their target price on Textron from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Finally, UBS Group reaffirmed a “neutral” rating and set a $95.00 price target on shares of Textron in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $102.44.

View Our Latest Stock Analysis on TXT

Textron Trading Down 1.6%

The firm has a market capitalization of $13.45 billion, a PE ratio of 14.75, a P/E/G ratio of 1.16 and a beta of 0.90. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.85 and a current ratio of 1.86. The firm has a fifty day moving average of $85.42 and a 200 day moving average of $88.97.

Textron (NYSE:TXTGet Free Report) last released its quarterly earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.07. Textron had a return on equity of 14.30% and a net margin of 6.12%.The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter in the prior year, the business earned $1.55 EPS. Textron’s quarterly revenue was up 3.0% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities research analysts expect that Textron Inc. will post 6.5 EPS for the current year.

Textron Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s payout ratio is 1.51%.

Hedge Funds Weigh In On Textron

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Textron during the second quarter valued at about $1,434,125,000. State Street Corp boosted its holdings in Textron by 0.9% in the second quarter. State Street Corp now owns 9,830,439 shares of the aerospace company’s stock valued at $901,942,000 after purchasing an additional 86,141 shares during the last quarter. Primecap Management Co. CA acquired a new stake in Textron during the 2nd quarter valued at approximately $111,723,000. Goldman Sachs Group Inc. grew its stake in Textron by 22.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,191,811 shares of the aerospace company’s stock valued at $103,890,000 after purchasing an additional 218,201 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Textron during the 2nd quarter worth approximately $105,946,000. 86.03% of the stock is owned by hedge funds and other institutional investors.

About Textron

(Get Free Report)

Textron Inc (NYSE: TXT) is a diversified industrial company that develops and manufactures aircraft, defense systems, specialized vehicles, and industrial products. Its portfolio includes businesses serving the aviation, defense, aerospace, and commercial sectors, with operations and customers in the United States and international markets.

Textron Aviation produces business jets, turboprop aircraft, and general aviation aircraft under brands including Beechcraft, Cessna, and Hawker. Bell designs and manufactures military and commercial helicopters, tiltrotor aircraft, and related support services.

Further Reading

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