Textron Inc. (NYSE:TXT) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Textron Inc. (NYSE:TXT) have earned an average recommendation of “Moderate Buy” from the twelve research firms that are presently covering the firm, MarketBeat reports. Seven equities 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 target among brokerages that have issued a report on the stock in the last year is $102.80.

A number of research analysts recently weighed in on the company. UBS Group upped their price target on Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. lifted their price target on Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. TD Cowen raised shares of Textron from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. Morgan Stanley set a $109.00 target price on shares of Textron in a research note on Monday, May 4th. Finally, Citigroup increased their target price 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.

Insider Transactions at Textron

In other news, Director R Kerry Clark sold 2,517 shares of Textron stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $93.09, for a total value of $234,307.53. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas A. Kennedy acquired 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, for a total transaction of $988,594.00. Following the completion of the purchase, the director owned 20,162 shares in the company, valued at $1,935,148.76. This trade represents a 104.44% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TXT. Activest Wealth Management increased its holdings in shares of Textron by 3,255.6% in the fourth quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock worth $26,000 after buying an additional 293 shares during the period. Wilkerson Advisory Group LLC bought a new position in Textron during the 4th quarter worth approximately $26,000. Cedar Mountain Advisors LLC purchased a new position in Textron in the 1st quarter worth approximately $29,000. Elyxium Wealth LLC bought a new stake in Textron in the fourth quarter valued at approximately $30,000. Finally, Strive Financial Group LLC bought a new stake in Textron in the fourth quarter valued at approximately $31,000. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

Textron Price Performance

TXT stock traded up $0.50 during trading on Tuesday, reaching $90.93. 607,661 shares of the company were exchanged, compared to its average volume of 1,555,076. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.84 and a quick ratio of 0.87. Textron has a twelve month low of $75.80 and a twelve month high of $101.57. The company has a market capitalization of $15.81 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 1.36 and a beta of 0.90. The company has a 50-day moving average of $91.21 and a two-hundred day moving average of $91.89.

Textron (NYSE:TXT) last posted 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. The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.50 billion. Textron had a net margin of 6.15% and a return on equity of 14.56%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.28 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, equities analysts predict that Textron will post 6.6 earnings per share for the current fiscal year.

Textron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th were 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 of this dividend was Friday, June 12th. Textron’s dividend payout ratio (DPR) is currently 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.