Textron Inc. (NYSE:TXT) Receives $98.60 Average Price Target from Analysts

Shares of Textron Inc. (NYSE:TXT) have earned an average rating of “Moderate Buy” from the twelve brokerages that are presently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $98.60.

Several equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 10th. Sanford C. Bernstein increased their price objective on shares of Textron from $94.00 to $108.00 and gave the stock a “market perform” rating in a research note on Thursday, February 19th. Freedom Capital upgraded Textron to a “strong-buy” rating in a report on Friday, January 16th. JPMorgan Chase & Co. upped their target price on Textron from $88.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Finally, UBS Group increased their price target on Textron from $89.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th.

Insider Buying and Selling

In related news, VP Mark S. Bamford sold 19,808 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $97.96, for a total transaction of $1,940,391.68. Following the transaction, the vice president directly owned 7,872 shares in the company, valued at approximately $771,141.12. The trade was a 71.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Scott C. Donnelly sold 219,619 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $98.41, for a total transaction of $21,612,705.79. Following the sale, the chairman directly owned 742,418 shares in the company, valued at $73,061,355.38. This trade represents a 22.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 304,473 shares of company stock worth $29,976,723 in the last quarter. 1.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TXT. AQR Capital Management LLC boosted its stake in shares of Textron by 51.1% during the 4th quarter. AQR Capital Management LLC now owns 5,357,182 shares of the aerospace company’s stock worth $466,986,000 after acquiring an additional 1,811,787 shares during the period. Adage Capital Partners GP L.L.C. raised its stake in Textron by 270.7% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,005,843 shares of the aerospace company’s stock valued at $80,759,000 after acquiring an additional 734,478 shares during the period. Balyasny Asset Management L.P. acquired a new stake in Textron during the 3rd quarter valued at $56,255,000. Arrowstreet Capital Limited Partnership lifted its holdings in Textron by 62.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,231,492 shares of the aerospace company’s stock valued at $98,876,000 after purchasing an additional 471,274 shares during the last quarter. Finally, Brandes Investment Partners LP boosted its position in Textron by 19.9% during the second quarter. Brandes Investment Partners LP now owns 2,714,466 shares of the aerospace company’s stock worth $217,945,000 after purchasing an additional 451,017 shares during the period. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Textron Trading Up 1.9%

NYSE:TXT opened at $87.57 on Friday. The company has a market cap of $15.25 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 1.30 and a beta of 0.95. Textron has a twelve month low of $57.70 and a twelve month high of $101.57. The business has a 50 day moving average price of $93.83 and a two-hundred day moving average price of $88.06. The company has a quick ratio of 0.99, a current ratio of 1.97 and a debt-to-equity ratio of 0.49.

Textron (NYSE:TXT) last posted its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $1.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.01). Textron had a net margin of 6.22% and a return on equity of 14.63%. The business had revenue of $4.18 billion during the quarter, compared to analyst estimates of $4.11 billion. During the same quarter last year, the business earned $1.34 earnings per share. Textron’s revenue for the quarter was up 15.6% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, analysts expect that Textron will post 6.12 EPS for the current fiscal year.

Textron Dividend Announcement

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