Brokerages Set Textron Inc. (NYSE:TXT) Target Price at $102.44

Shares of Textron Inc. (NYSE:TXT) have been assigned an average recommendation of “Hold” from the ten analysts that are currently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $102.4444.

Several brokerages recently issued reports on TXT. UBS Group reissued a “neutral” rating and issued a $95.00 price objective on shares of Textron in a research note on Wednesday, July 29th. TD Cowen decreased their target price on Textron from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, July 13th. Weiss Ratings cut Textron from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Morgan Stanley set a $98.00 price target on Textron in a research report on Wednesday, July 29th. Finally, Wall Street Zen lowered Textron from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Textron during the 2nd quarter worth $1,434,125,000. State Street Corp grew its stake in Textron by 0.9% in the second quarter. State Street Corp now owns 9,830,439 shares of the aerospace company’s stock valued at $901,942,000 after purchasing an additional 86,141 shares during the last quarter. Primecap Management Co. CA purchased a new position in Textron in the second quarter valued at about $111,723,000. Bank of New York Mellon Corp bought a new position in Textron in the second quarter worth about $105,946,000. Finally, Goldman Sachs Group Inc. raised its holdings in Textron by 22.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,191,811 shares of the aerospace company’s stock worth $103,890,000 after purchasing an additional 218,201 shares in the last quarter. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

Textron Price Performance

Textron stock opened at $77.86 on Friday. The stock has a market cap of $13.39 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. 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 1 year low of $77.83 and a 1 year high of $101.57. The firm has a 50-day moving average of $85.18 and a two-hundred day moving average of $88.82.

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

Textron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be issued 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, September 11th. Textron’s dividend payout ratio (DPR) is presently 1.51%.

About Textron

Textron Inc (NYSE: TXT) is a diversified industrial company that develops and manufactures aircraft, defense systems, specialized vehicles, and industrial products. Its portfolio includes businesses serving the aviation, defense, aerospace, and commercial sectors, with operations and customers in the United States and international markets.

Textron Aviation produces business jets, turboprop aircraft, and general aviation aircraft under brands including Beechcraft, Cessna, and Hawker. Bell designs and manufactures military and commercial helicopters, tiltrotor aircraft, and related support services.