Analysts Set Textron Inc. (NYSE:TXT) PT at $95.63

Textron Inc. (NYSE:TXT) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $95.63.

Several analysts have issued reports on the stock. UBS Group upped their price target on shares of Textron from $77.00 to $81.00 and gave the company a “sell” rating in a report on Friday, January 26th. Citigroup boosted their price objective on shares of Textron from $104.00 to $111.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Susquehanna cut their price objective on shares of Textron from $110.00 to $105.00 and set a “positive” rating for the company in a research report on Friday, April 26th. StockNews.com lowered shares of Textron from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 26th. Finally, The Goldman Sachs Group boosted their price objective on shares of Textron from $103.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. J.W. Cole Advisors Inc. bought a new position in Textron during the 1st quarter valued at $275,000. Norden Group LLC bought a new position in Textron during the 1st quarter valued at $220,000. True Vision MN LLC lifted its position in shares of Textron by 2.5% in the 1st quarter. True Vision MN LLC now owns 5,352 shares of the aerospace company’s stock worth $513,000 after buying an additional 133 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Textron by 6.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 151,116 shares of the aerospace company’s stock worth $14,497,000 after buying an additional 8,611 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of Textron by 14.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 38,272 shares of the aerospace company’s stock worth $3,671,000 after buying an additional 4,943 shares during the last quarter. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

Textron Trading Down 2.1 %

NYSE TXT opened at $84.58 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.84 and a current ratio of 1.81. The firm has a market cap of $16.13 billion, a PE ratio of 18.07, a P/E/G ratio of 1.36 and a beta of 1.30. Textron has a one year low of $61.27 and a one year high of $97.33. The firm’s fifty day moving average is $92.12 and its two-hundred day moving average is $83.98.

Textron (NYSE:TXT) last issued its quarterly earnings results on Thursday, April 25th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.08). Textron had a return on equity of 16.30% and a net margin of 6.75%. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same quarter last year, the firm earned $1.05 earnings per share. The company’s revenue was up 3.7% compared to the same quarter last year. Analysts expect that Textron will post 6.29 earnings per share for the current year.

Textron Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. Textron’s dividend payout ratio (DPR) is presently 1.71%.

Textron Company Profile

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts.