Textron Inc. (NYSE:TXT) Stock Has Consensus Price Target of $100.44

Shares of Textron Inc. (NYSE:TXT) have been given an average recommendation of “Hold” by the eleven brokerages that are currently covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $99.11.

TXT has been the topic of several recent analyst reports. Citigroup dropped their target price on Textron from $99.00 to $86.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. TD Cowen decreased their price target on Textron from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, October 9th. Wall Street Zen downgraded Textron from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings downgraded Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, September 18th. Finally, Morgan Stanley cut their price objective on Textron from $98.00 to $86.00 and set an “equal weight” rating for the company in a report on Friday.

Textron Stock Up 0.4%

Textron stock opened at $76.20 on Thursday. The stock has a market cap of $13.11 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 1.10 and a beta of 0.91. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.43. The company’s 50-day moving average price is $79.80 and its two-hundred day moving average price is $86.81. Textron has a 52 week low of $71.87 and a 52 week high of $101.57.

Textron (NYSE:TXT) last released its quarterly earnings results on Tuesday, July 28th. The aerospace company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.07. The company had revenue of $3.83 billion for 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%. Textron’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.55 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, analysts expect that Textron will post 6.51 EPS for the current fiscal year.

Textron Announces Dividend

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

Institutional Investors Weigh In On Textron

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Security National Bank of SO Dak acquired a new position in shares of Textron in the 2nd quarter worth approximately $30,000. Cedar Mountain Advisors LLC bought a new stake in shares of Textron during the 1st quarter worth $29,000. Elevation Wealth Partners LLC boosted its stake in shares of Textron by 522.4% during the 2nd quarter. Elevation Wealth Partners LLC now owns 361 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 303 shares in the last quarter. Trust Co. of Vermont bought a new stake in shares of Textron during the 2nd quarter worth $50,000. Finally, Manning & Napier Advisors LLC acquired a new position in shares of Textron in the 2nd quarter worth $121,000. 86.03% of the stock is owned by institutional investors and hedge funds.

Textron Company Profile

Textron Inc (NYSE:TXT) is a diversified industrial company that develops and manufactures aircraft, helicopters, specialized vehicles, defense systems and other industrial products. Founded in 1923 by Royal Little, the company has grown through the development and acquisition of businesses serving commercial, government and consumer markets.

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