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

Textron Inc. (NYSE:TXT) has been given an average rating of “Moderate Buy” by the twelve research firms that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $92.6667.

A number of analysts have recently issued reports on TXT shares. Susquehanna lifted their price target on Textron from $90.00 to $95.00 and gave the stock a “positive” rating in a research note on Friday, July 25th. Morgan Stanley lifted their target price on shares of Textron from $71.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 17th. Barclays increased their target price on shares of Textron from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. UBS Group upgraded shares of Textron from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $73.00 to $88.00 in a research report on Monday, July 28th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $95.00 price objective (up previously from $85.00) on shares of Textron in a report on Thursday, June 12th.

Insider Buying and Selling

In other Textron news, EVP Julie G. Duffy sold 28,543 shares of the business’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $79.37, for a total transaction of $2,265,457.91. Following the transaction, the executive vice president owned 37,624 shares of the company’s stock, valued at approximately $2,986,216.88. The trade was a 43.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Assetmark Inc. grew its holdings in shares of Textron by 191.9% in the second quarter. Assetmark Inc. now owns 324 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 213 shares during the period. Atlantic Union Bankshares Corp acquired a new position in Textron in the 2nd quarter valued at about $27,000. Banque Cantonale Vaudoise purchased a new stake in shares of Textron in the 1st quarter valued at approximately $25,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Textron during the 2nd quarter worth approximately $41,000. Finally, Harvest Fund Management Co. Ltd raised its position in shares of Textron by 100.0% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 524 shares of the aerospace company’s stock valued at $39,000 after buying an additional 262 shares during the period. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Stock Down 1.2%

TXT stock opened at $81.29 on Wednesday. Textron has a 52 week low of $57.70 and a 52 week high of $91.30. The company has a quick ratio of 0.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.45. The firm has a 50-day simple moving average of $80.93 and a 200-day simple moving average of $75.71. The stock has a market capitalization of $14.49 billion, a P/E ratio of 18.39, a P/E/G ratio of 1.33 and a beta of 1.14.

Textron (NYSE:TXT) last issued its quarterly earnings results on Thursday, July 24th. The aerospace company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. Textron had a net margin of 5.80% and a return on equity of 14.26%. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period last year, the company posted $1.54 EPS. Textron’s quarterly revenue was up 5.4% compared to the same quarter last year. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. Equities analysts forecast that Textron will post 6.12 earnings per share for the current fiscal year.

Textron Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 12th 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 of this dividend is Friday, September 12th. Textron’s dividend payout ratio (DPR) is currently 1.81%.

About Textron

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts.