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

Shares of Textron Inc. (NYSE:TXT) have been given a consensus rating of “Hold” by the thirteen ratings firms that are presently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $101.1818.

TXT has been the topic of several research reports. JPMorgan Chase & Co. raised their price objective on shares of Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Citigroup raised their price objective on shares of Textron from $97.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. Morgan Stanley set a $109.00 price objective on shares of Textron in a research report on Monday, May 4th. Weiss Ratings cut shares of Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Finally, UBS Group lifted their target price on shares of Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, May 4th.

Insiders Place Their Bets

In related news, Director R Kerry Clark sold 2,517 shares of Textron stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $93.09, for a total value of $234,307.53. Following the transaction, the director owned 8,611 shares in the company, valued at $801,597.99. This trade represents a 22.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas A. Kennedy bought 10,300 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average price of $95.98 per share, for a total transaction of $988,594.00. Following the transaction, the director owned 20,162 shares in the company, valued at $1,935,148.76. This trade represents a 104.44% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Textron

A number of large investors have recently added to or reduced their stakes in TXT. Wilkerson Advisory Group LLC purchased a new position in shares of Textron during the fourth quarter valued at about $26,000. Activest Wealth Management boosted its stake in Textron by 3,255.6% during the fourth quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 293 shares in the last quarter. Cedar Mountain Advisors LLC bought a new stake in Textron during the first quarter worth about $29,000. Elyxium Wealth LLC bought a new stake in Textron during the fourth quarter worth about $30,000. Finally, Strive Financial Group LLC bought a new stake in Textron during the fourth quarter worth about $31,000. Institutional investors own 86.03% of the company’s stock.

Textron Stock Up 2.5%

Shares of NYSE:TXT opened at $93.64 on Friday. The firm has a fifty day moving average price of $90.87 and a two-hundred day moving average price of $91.07. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.84 and a quick ratio of 0.87. The company has a market cap of $16.28 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 1.37 and a beta of 0.90. Textron has a one year low of $75.75 and a one year high of $101.57.

Textron (NYSE:TXT) last posted its quarterly earnings data on Thursday, April 30th. The aerospace company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.15. The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.50 billion. Textron had a net margin of 6.15% and a return on equity of 14.56%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the company posted $1.28 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Analysts anticipate that Textron will post 6.6 EPS for the current fiscal year.

Textron Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Friday, June 12th. Textron’s dividend payout ratio (DPR) is presently 1.53%.

About Textron

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.