Shares of Textron Inc. (NYSE:TXT) have been given an average rating of “Hold” by the twelve analysts that are presently covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $41.82.
Several research firms recently commented on TXT. Cowen reiterated a “hold” rating and set a $38.00 target price on shares of Textron in a research report on Thursday, December 3rd. Robert W. Baird downgraded shares of Textron from an “outperform” rating to a “neutral” rating and set a $45.00 price target for the company. in a research note on Thursday, January 7th. 140166 raised shares of Textron from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $38.00 to $55.00 in a research note on Tuesday, November 17th. Finally, ValuEngine upgraded Textron from a “sell” rating to a “hold” rating in a report on Friday, November 13th.
Shares of TXT opened at $48.94 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.15 and a current ratio of 2.19. Textron has a 52 week low of $20.26 and a 52 week high of $51.53. The stock has a market capitalization of $11.20 billion, a price-to-earnings ratio of 29.84, a PEG ratio of 3.95 and a beta of 1.70. The stock has a fifty day moving average of $47.63 and a 200-day moving average of $39.68.
Textron (NYSE:TXT) last posted its earnings results on Thursday, October 29th. The aerospace company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.36 by $0.17. Textron had a return on equity of 10.60% and a net margin of 3.01%. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period last year, the company earned $0.95 earnings per share. The business’s quarterly revenue was down 16.1% on a year-over-year basis. As a group, equities analysts forecast that Textron will post 1.5 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 1st. Stockholders of record on Friday, December 11th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.16%. The ex-dividend date of this dividend was Thursday, December 10th. Textron’s dividend payout ratio (DPR) is presently 2.14%.
In related news, VP Mark S. Bamford sold 811 shares of the firm’s stock in a transaction that occurred on Tuesday, December 1st. The stock was sold at an average price of $46.30, for a total transaction of $37,549.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in Textron by 17.3% in the third quarter. JPMorgan Chase & Co. now owns 801,733 shares of the aerospace company’s stock worth $29,480,000 after purchasing an additional 118,181 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Textron by 9.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 23,028 shares of the aerospace company’s stock valued at $831,000 after buying an additional 2,015 shares during the period. Guggenheim Capital LLC increased its position in Textron by 1.0% in the 3rd quarter. Guggenheim Capital LLC now owns 31,020 shares of the aerospace company’s stock valued at $1,119,000 after buying an additional 310 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Textron by 7.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 90,357 shares of the aerospace company’s stock worth $3,261,000 after buying an additional 6,236 shares during the period. Finally, Engineers Gate Manager LP bought a new position in Textron in the third quarter worth approximately $1,522,000. Institutional investors own 84.93% of the company’s stock.
Textron Company Profile
Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. The company's Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and commercial parts, as well as offers maintenance, inspection, and repair services.
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