Textron Inc. (NYSE:TXT) Receives $92.15 Consensus Price Target from Brokerages

Shares of Textron Inc. (NYSE:TXT) have earned a consensus rating of “Hold” from the fourteen research firms that are presently covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $92.1538.

Several brokerages have weighed in on TXT. Barclays raised their target price on shares of Textron from $95.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. JPMorgan Chase & Co. dropped their target price on Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Susquehanna upped their target price on Textron from $90.00 to $95.00 and gave the company a “positive” rating in a research report on Friday, July 25th. TD Cowen lowered their price target on Textron from $95.00 to $90.00 and set a “hold” rating for the company in a report on Friday, October 24th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Textron in a research note on Wednesday, October 8th.

Institutional Investors Weigh In On Textron

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. increased its holdings in Textron by 16.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,193 shares of the aerospace company’s stock worth $1,474,000 after buying an additional 2,803 shares during the period. LPL Financial LLC boosted its holdings in shares of Textron by 4.9% in the 1st quarter. LPL Financial LLC now owns 89,732 shares of the aerospace company’s stock valued at $6,483,000 after acquiring an additional 4,204 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of Textron in the first quarter worth $545,000. TD Asset Management Inc raised its holdings in shares of Textron by 2.2% during the first quarter. TD Asset Management Inc now owns 965,755 shares of the aerospace company’s stock worth $69,776,000 after purchasing an additional 20,733 shares during the last quarter. Finally, Millennium Management LLC lifted its position in Textron by 128.7% during the first quarter. Millennium Management LLC now owns 1,113,026 shares of the aerospace company’s stock valued at $80,416,000 after purchasing an additional 626,346 shares during the period. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Textron Price Performance

TXT opened at $80.93 on Thursday. The firm has a market capitalization of $14.26 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 1.30 and a beta of 1.13. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.84 and a quick ratio of 0.86. The business’s 50-day moving average is $82.36 and its two-hundred day moving average is $78.73. Textron has a 1 year low of $57.70 and a 1 year high of $89.28.

Textron (NYSE:TXT) last released its quarterly earnings results on Thursday, October 23rd. The aerospace company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.08. Textron had a net margin of 5.81% and a return on equity of 14.16%. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.70 billion. During the same period last year, the business earned $1.40 EPS. The company’s revenue was up 5.1% compared to the same quarter last year. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. Research analysts anticipate that Textron will post 6.12 earnings per share for the current fiscal year.

Textron Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Friday, December 12th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Friday, December 12th. Textron’s payout ratio is currently 1.76%.

Textron Company Profile

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.