Textron (NYSE:TXT) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Textron (NYSE:TXT) released its quarterly earnings results on Tuesday. The aerospace company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.07, FiscalAI reports. Textron had a return on equity of 14.56% and a net margin of 6.15%. Textron updated its FY 2026 guidance to 6.400-6.600 EPS.

Textron Price Performance

Textron stock opened at $96.09 on Tuesday. The stock’s 50 day moving average is $91.19 and its 200 day moving average is $92.11. Textron has a one year low of $75.80 and a one year high of $101.57. The firm has a market cap of $16.71 billion, a P/E ratio of 18.37, a P/E/G ratio of 1.43 and a beta of 0.90. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.84 and a quick ratio of 0.87.

Textron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Friday, June 12th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, June 12th. Textron’s payout ratio is currently 1.53%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TXT. Wall Street Zen upgraded shares of Textron from a “hold” rating to a “buy” rating in a research report on Monday, July 20th. TD Cowen decreased their price target 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 raised their price target on shares of Textron from $99.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. lifted their price target on shares of Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Finally, Weiss Ratings raised shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Textron currently has an average rating of “Moderate Buy” and a consensus price target of $103.10.

Insider Buying and Selling

In other news, Director Thomas A. Kennedy purchased 10,300 shares of the stock in a transaction on Friday, May 1st. The stock was purchased at an average price of $95.98 per share, for a total transaction of $988,594.00. Following the acquisition, the director owned 20,162 shares in the company, valued at $1,935,148.76. This trade represents a 104.44% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director R Kerry Clark sold 2,517 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $93.09, for a total transaction of $234,307.53. Following the completion of the sale, the director directly owned 8,611 shares in the company, valued at approximately $801,597.99. This represents a 22.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of Textron

Institutional investors have recently bought and sold shares of the company. Virtu Financial LLC bought a new position in shares of Textron in the 4th quarter worth about $475,000. Corient Private Wealth LLC boosted its position in shares of Textron by 70.5% during the 4th quarter. Corient Private Wealth LLC now owns 59,035 shares of the aerospace company’s stock valued at $5,146,000 after purchasing an additional 24,402 shares in the last quarter. Strive Financial Group LLC acquired a new stake in Textron during the fourth quarter worth approximately $31,000. Mercer Global Advisors Inc. ADV grew its stake in Textron by 76.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 69,787 shares of the aerospace company’s stock worth $6,083,000 after purchasing an additional 30,216 shares during the period. Finally, EP Wealth Advisors LLC bought a new stake in Textron in the fourth quarter worth approximately $1,751,000. Institutional investors own 86.03% of the company’s stock.

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.