Textron Inc. (NYSE:TXT) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Textron Inc. (NYSE:TXT) have been assigned a consensus rating of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, Marketbeat.com reports. Seven 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 twelve-month target price among brokerages that have covered the stock in the last year is $98.60.

A number of equities analysts have recently weighed in on TXT shares. Weiss Ratings raised shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. Citigroup reduced their target price on Textron from $107.00 to $97.00 and set a “neutral” rating on the stock in a report on Thursday, January 29th. Freedom Capital upgraded Textron to a “strong-buy” rating in a report on Friday, January 16th. UBS Group raised their price target on Textron from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. Finally, Sanford C. Bernstein boosted their price objective on Textron from $94.00 to $108.00 and gave the company a “market perform” rating in a research report on Thursday, February 19th.

Insider Buying and Selling at Textron

In other Textron news, EVP E Robert Lupone sold 28,056 shares of Textron stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $98.84, for a total value of $2,773,055.04. Following the sale, the executive vice president owned 103,991 shares of the company’s stock, valued at $10,278,470.44. This trade represents a 21.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Lisa M. Atherton sold 7,600 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $98.68, for a total value of $749,968.00. Following the completion of the sale, the chief executive officer owned 29,473 shares in the company, valued at approximately $2,908,395.64. This trade represents a 20.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 304,473 shares of company stock valued at $29,976,723 over the last quarter. 1.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Textron

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp boosted its position in Textron by 2.6% during the 4th quarter. State Street Corp now owns 9,464,324 shares of the aerospace company’s stock worth $825,193,000 after acquiring an additional 244,017 shares during the last quarter. Invesco Ltd. boosted its holdings in Textron by 1.7% during the third quarter. Invesco Ltd. now owns 8,270,901 shares of the aerospace company’s stock worth $698,808,000 after purchasing an additional 140,713 shares during the last quarter. Boston Partners boosted its holdings in Textron by 0.9% during the third quarter. Boston Partners now owns 7,257,533 shares of the aerospace company’s stock worth $613,327,000 after purchasing an additional 66,747 shares during the last quarter. AQR Capital Management LLC grew its position in Textron by 51.1% in the fourth quarter. AQR Capital Management LLC now owns 5,357,182 shares of the aerospace company’s stock valued at $466,986,000 after purchasing an additional 1,811,787 shares in the last quarter. Finally, LSV Asset Management increased its stake in Textron by 7.2% in the 2nd quarter. LSV Asset Management now owns 4,153,321 shares of the aerospace company’s stock valued at $333,470,000 after buying an additional 279,237 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Price Performance

Textron stock opened at $98.65 on Wednesday. The company has a current ratio of 1.97, a quick ratio of 0.99 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $17.18 billion, a P/E ratio of 19.31, a PEG ratio of 1.52 and a beta of 0.95. The business has a 50-day moving average of $93.73 and a 200-day moving average of $86.58. Textron has a 1 year low of $57.70 and a 1 year high of $101.57.

Textron (NYSE:TXT) last released its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $1.73 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.01). The firm had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.11 billion. Textron had a return on equity of 14.63% and a net margin of 6.22%.The firm’s revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.34 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, equities analysts anticipate that Textron will post 6.12 EPS for the current year.

Textron Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, March 13th. Textron’s dividend payout ratio is 1.57%.

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.