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

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

A number of research firms have recently weighed in on TXT. TD Cowen dropped their price objective on Textron from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, July 13th. UBS Group reiterated a “neutral” rating and set a $95.00 price target on shares of Textron in a report on Wednesday, July 29th. Morgan Stanley set a $98.00 price target on shares of Textron in a research report on Wednesday, July 29th. Jefferies Financial Group reissued a “buy” rating on shares of Textron in a report on Sunday, May 3rd. Finally, Wall Street Zen downgraded shares of Textron from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st.

Textron Stock Performance

NYSE TXT opened at $88.48 on Friday. Textron has a 52-week low of $76.45 and a 52-week high of $101.57. The company has a fifty day moving average of $90.70 and a 200-day moving average of $91.85. The company has a market capitalization of $15.22 billion, a P/E ratio of 16.69, a P/E/G ratio of 1.29 and a beta of 0.91. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.85 and a current ratio of 1.86.

Textron (NYSE:TXT) last released its earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.07. Textron had a return on equity of 14.30% and a net margin of 6.12%.The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter in the previous year, the company posted $1.55 EPS. Textron’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. As a group, equities research analysts predict that Textron will post 6.5 EPS for the current fiscal year.

Textron Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Friday, September 11th. Textron’s payout ratio is currently 1.51%.

Institutional Investors Weigh In On Textron

Several institutional investors and hedge funds have recently bought and sold shares of TXT. State Street Corp raised its holdings in shares of Textron by 2.6% during the fourth quarter. State Street Corp now owns 9,464,324 shares of the aerospace company’s stock valued at $825,193,000 after acquiring an additional 244,017 shares in the last quarter. Invesco Ltd. boosted its holdings in 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 in the last quarter. Boston Partners increased its position in Textron by 0.9% during the 3rd quarter. Boston Partners now owns 7,257,533 shares of the aerospace company’s stock valued at $613,327,000 after purchasing an additional 66,747 shares during the period. AQR Capital Management LLC increased its position in Textron by 51.1% during the 4th quarter. AQR Capital Management LLC now owns 5,357,182 shares of the aerospace company’s stock valued at $466,986,000 after purchasing an additional 1,811,787 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Textron by 18.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,551,781 shares of the aerospace company’s stock worth $222,455,000 after purchasing an additional 405,314 shares in the last quarter. Hedge funds and other institutional investors own 86.03% of the company’s stock.

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.