Textron (NYSE:TXT) Reaches New 1-Year Low – Here’s Why

Textron Inc. (NYSE:TXT) shares hit a new 52-week low on Monday. The stock traded as low as $75.51 and last traded at $76.75, with a volume of 46965 shares trading hands. The stock had previously closed at $76.59.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TXT. Wall Street Zen downgraded shares of Textron from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings cut shares of Textron from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, September 18th. TD Cowen cut their price objective on shares of Textron from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, July 13th. UBS Group restated a “neutral” rating and set a $95.00 price objective on shares of Textron in a research report on Wednesday, July 29th. Finally, Morgan Stanley set a $98.00 target price on Textron in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $102.44.

Textron Trading Up 0.8%

The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.85 and a current ratio of 1.86. The stock has a market capitalization of $13.27 billion, a P/E ratio of 14.60, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90. The firm’s fifty day simple moving average is $84.36 and its 200 day simple moving average is $88.42.

Textron (NYSE:TXT) last issued its quarterly earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.07. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.81 billion. Textron had a net margin of 6.12% and a return on equity of 14.30%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.55 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, equities research analysts forecast that Textron Inc. will post 6.5 EPS for the current fiscal year.

Textron Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 11th will be paid a dividend of $0.02 per share. The ex-dividend date is Friday, September 11th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s dividend payout ratio is presently 1.51%.

Institutional Investors Weigh In On Textron

Large investors have recently modified their holdings of the business. Corient Private Wealth LP bought a new stake in Textron during the 2nd quarter worth $10,329,000. Goldman Sachs Group Inc. increased its holdings in Textron by 22.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,191,811 shares of the aerospace company’s stock worth $103,890,000 after purchasing an additional 218,201 shares in the last quarter. National Pension Service raised its position in Textron by 17.5% in the fourth quarter. National Pension Service now owns 98,656 shares of the aerospace company’s stock valued at $8,600,000 after purchasing an additional 14,701 shares during the last quarter. Bank of America Corp DE bought a new position in Textron in the second quarter valued at about $63,076,000. Finally, Cerity Partners LLC boosted its stake in shares of Textron by 283.5% during the fourth quarter. Cerity Partners LLC now owns 370,160 shares of the aerospace company’s stock valued at $32,267,000 after purchasing an additional 273,643 shares in the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

About Textron

Textron Inc (NYSE: TXT) is a diversified industrial company that develops and manufactures aircraft, defense systems, specialized vehicles, and industrial products. Its portfolio includes businesses serving the aviation, defense, aerospace, and commercial sectors, with operations and customers in the United States and international markets.

Textron Aviation produces business jets, turboprop aircraft, and general aviation aircraft under brands including Beechcraft, Cessna, and Hawker. Bell designs and manufactures military and commercial helicopters, tiltrotor aircraft, and related support services.