Textron Inc. (NYSE:TXT) Given Average Recommendation of “Moderate Buy” by Analysts

Textron Inc. (NYSE:TXT) has been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $102.4444.

Several brokerages recently commented on TXT. JPMorgan Chase & Co. increased their price target on Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Morgan Stanley set a $98.00 price objective on Textron in a research note on Wednesday, July 29th. Weiss Ratings raised Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. Jefferies Financial Group reissued a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. Finally, TD Cowen lowered their target price on shares of Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, July 13th.

Institutional Investors Weigh In On Textron

Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its holdings in shares of Textron by 22.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,191,811 shares of the aerospace company’s stock worth $103,890,000 after buying an additional 218,201 shares during the period. New York State Teachers Retirement System raised its holdings in Textron by 10.7% in the 4th quarter. New York State Teachers Retirement System now owns 156,485 shares of the aerospace company’s stock valued at $13,641,000 after acquiring an additional 15,159 shares during the period. National Pension Service lifted its position in Textron by 17.5% during the fourth quarter. National Pension Service now owns 98,656 shares of the aerospace company’s stock worth $8,600,000 after acquiring an additional 14,701 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in Textron during the fourth quarter worth approximately $9,544,000. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Textron during the fourth quarter worth approximately $18,521,000. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Textron Trading Up 0.2%

Shares of NYSE:TXT opened at $83.19 on Wednesday. The company’s 50-day moving average price is $88.74 and its two-hundred day moving average price is $91.08. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.86 and a quick ratio of 0.85. Textron has a one year low of $78.12 and a one year high of $101.57. The stock has a market capitalization of $14.31 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 1.21 and a beta of 0.91.

Textron (NYSE:TXT) last announced its quarterly earnings data on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.07. The company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Textron had a return on equity of 14.30% and a net margin of 6.12%.Textron’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.55 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, equities analysts forecast that Textron will post 6.5 EPS for the current fiscal year.

Textron Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be paid a dividend of $0.02 per share. The ex-dividend date is Friday, September 11th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Textron’s payout ratio is currently 1.51%.

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.