Textron Inc. (NYSE:TXT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Textron Inc. (NYSE:TXT) have been assigned a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $102.80.

Several analysts have weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. Citigroup raised their price target on shares of Textron from $97.00 to $99.00 and gave the company a “neutral” rating in a research note on Thursday, April 2nd. Morgan Stanley set a $109.00 price objective on shares of Textron in a research note on Monday, May 4th. Weiss Ratings cut Textron from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 26th. Finally, Wells Fargo & Company began coverage on shares of Textron in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $92.00 price target on the stock.

Insiders Place Their Bets

In related news, Director R Kerry Clark sold 2,517 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $93.09, for a total value of $234,307.53. Following the completion of the transaction, the director owned 8,611 shares of the company’s stock, valued at approximately $801,597.99. This trade represents a 22.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas A. Kennedy bought 10,300 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was acquired at an average cost of $95.98 per share, with a total value of $988,594.00. Following the transaction, the director owned 20,162 shares of the company’s stock, valued at $1,935,148.76. This trade represents a 104.44% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TXT. State Street Corp increased its position in Textron by 2.6% during the fourth quarter. State Street Corp now owns 9,464,324 shares of the aerospace company’s stock worth $825,193,000 after buying an additional 244,017 shares during the last quarter. Invesco Ltd. boosted its position in shares of Textron by 1.7% in the third quarter. Invesco Ltd. now owns 8,270,901 shares of the aerospace company’s stock valued at $698,808,000 after acquiring an additional 140,713 shares during the period. Boston Partners increased its holdings in shares of Textron by 0.9% during the 3rd quarter. Boston Partners now owns 7,257,533 shares of the aerospace company’s stock worth $613,327,000 after purchasing an additional 66,747 shares during the period. AQR Capital Management LLC lifted its stake in shares of Textron by 51.1% in the fourth quarter. AQR Capital Management LLC now owns 5,357,182 shares of the aerospace company’s stock valued at $466,986,000 after buying an additional 1,811,787 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Textron by 18.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,551,781 shares of the aerospace company’s stock valued at $222,455,000 after acquiring an additional 405,314 shares during the period. 86.03% of the stock is owned by hedge funds and other institutional investors.

Textron Stock Down 1.7%

NYSE TXT traded down $1.56 during mid-day trading on Tuesday, reaching $92.28. 44,230 shares of the company’s stock traded hands, compared to its average volume of 1,593,418. The company has a current ratio of 1.84, a quick ratio of 0.87 and a debt-to-equity ratio of 0.43. The company has a fifty day simple moving average of $91.04 and a 200-day simple moving average of $91.85. The company has a market cap of $16.05 billion, a price-to-earnings ratio of 17.64, a P/E/G ratio of 1.38 and a beta of 0.90. Textron has a 1-year low of $75.80 and a 1-year high of $101.57.

Textron (NYSE:TXT) last announced its quarterly earnings data on Thursday, April 30th. The aerospace company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.15. The company had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.50 billion. Textron had a net margin of 6.15% and a return on equity of 14.56%. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the business earned $1.28 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, equities research analysts expect that Textron will post 6.6 EPS for the current year.

Textron Announces Dividend

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

About Textron

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.