Textron Inc. (NYSE:TXT) Receives Average Rating of “Hold” from Brokerages

Textron Inc. (NYSE:TXT) has been assigned an average rating of “Hold” from the fourteen analysts that are covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $90.9231.

Several research analysts have weighed in on TXT shares. Weiss Ratings restated a “buy (b-)” rating on shares of Textron in a research note on Monday. UBS Group dropped their target price on shares of Textron from $92.00 to $89.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $90.00 target price on shares of Textron in a research note on Monday, October 27th. TD Cowen dropped their price objective on shares of Textron from $95.00 to $90.00 and set a “hold” rating for the company in a report on Friday, October 24th. Finally, Wall Street Zen raised Textron from a “buy” rating to a “strong-buy” rating in a report on Monday, October 27th.

Textron Trading Down 0.5%

Shares of Textron stock opened at $90.04 on Friday. Textron has a fifty-two week low of $57.70 and a fifty-two week high of $91.22. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.86 and a current ratio of 1.84. The company has a market capitalization of $15.87 billion, a P/E ratio of 19.79, a P/E/G ratio of 1.47 and a beta of 1.01. The company has a fifty day moving average of $83.24 and a 200 day moving average of $81.93.

Textron (NYSE:TXT) last posted its quarterly earnings results on Thursday, October 23rd. The aerospace company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.08. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.70 billion. Textron had a return on equity of 14.16% and a net margin of 5.81%.The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $1.40 earnings per share. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. On average, sell-side analysts anticipate that Textron will post 6.12 earnings per share for the current fiscal year.

Textron Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Friday, December 12th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Textron’s payout ratio is presently 1.76%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. True Wealth Design LLC lifted its position in Textron by 388.5% during the third quarter. True Wealth Design LLC now owns 298 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 237 shares during the last quarter. Assetmark Inc. raised its position in shares of Textron by 191.9% during the 2nd quarter. Assetmark Inc. now owns 324 shares of the aerospace company’s stock valued at $26,000 after buying an additional 213 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Textron in the 2nd quarter valued at about $27,000. Quent Capital LLC purchased a new position in Textron in the third quarter worth about $33,000. Finally, Accredited Wealth Management LLC increased its stake in Textron by 804.0% during the third quarter. Accredited Wealth Management LLC now owns 452 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 402 shares during the last quarter. 86.03% of the stock is owned by hedge funds and other institutional investors.

Textron Company Profile

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.