Textron Inc. (NYSE:TXT) Stock Now Rated “Hold” by Wall Street Analysts

Shares of Textron Inc. (NYSE:TXT) have earned an average recommendation of “Hold” from the eleven brokerages that are covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $99.11.

Several equities research analysts recently issued reports on TXT shares. Wall Street Zen downgraded shares of Textron from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Citigroup lowered their price target on Textron from $99.00 to $86.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 7th. Weiss Ratings lowered Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, September 18th. Morgan Stanley dropped their price objective on Textron from $98.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Friday, October 16th. Finally, TD Cowen cut their price objective on Textron from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, October 9th.

Textron Stock Performance

Shares of TXT stock opened at $77.39 on Thursday. The stock has a market cap of $13.31 billion, a P/E ratio of 14.60, a P/E/G ratio of 1.12 and a beta of 0.91. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.86 and a quick ratio of 0.85. The company has a fifty day moving average price of $79.35 and a two-hundred day moving average price of $86.65. Textron has a one year low of $71.87 and a one year high of $101.57.

Textron (NYSE:TXT) last announced its quarterly earnings data on Tuesday, July 28th. The aerospace company reported $1.62 EPS for the quarter, beating 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 company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.55 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, equities analysts predict that Textron will post 6.51 EPS for the current year.

Textron Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, September 11th were issued 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, September 11th. Textron’s dividend payout ratio is currently 1.51%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. V Square Quantitative Management LLC raised its stake in Textron by 39.3% during the third quarter. V Square Quantitative Management LLC now owns 4,707 shares of the aerospace company’s stock worth $359,000 after acquiring an additional 1,329 shares in the last quarter. Moody National Bank Trust Division lifted its holdings in shares of Textron by 22.2% in the third quarter. Moody National Bank Trust Division now owns 9,984 shares of the aerospace company’s stock worth $761,000 after acquiring an additional 1,814 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Textron by 2.3% in the second quarter. QRG Capital Management Inc. now owns 30,356 shares of the aerospace company’s stock worth $2,785,000 after acquiring an additional 687 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Textron by 8.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,289 shares of the aerospace company’s stock valued at $302,000 after purchasing an additional 254 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Textron by 4.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 112,739 shares of the aerospace company’s stock valued at $10,342,000 after purchasing an additional 4,758 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, 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.