Textron (NYSE:TXT) Sets New 12-Month Low – Should You Sell?

Textron Inc. (NYSE:TXT) reached a new 52-week low on Tuesday. The stock traded as low as $75.42 and last traded at $75.41, with a volume of 301485 shares changing hands. The stock had previously closed at $75.75.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Weiss Ratings lowered shares of Textron from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, September 18th. Morgan Stanley set a $98.00 price target on shares of Textron in a report on Wednesday, July 29th. TD Cowen decreased their price objective on Textron from $115.00 to $105.00 and set a “hold” rating for the company in a report on Monday, July 13th. Wall Street Zen downgraded Textron from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, UBS Group reiterated a “neutral” rating and issued a $95.00 price target on shares of Textron in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Textron presently has an average rating of “Hold” and an average price target of $102.44.

Textron Trading Down 0.4%

The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.85 and a current ratio of 1.86. The firm has a 50 day simple moving average of $82.44 and a two-hundred day simple moving average of $87.79. The firm has a market capitalization of $12.98 billion, a P/E ratio of 14.24, a PEG ratio of 1.12 and a beta of 0.91.

Textron (NYSE:TXT) last posted its quarterly earnings data on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share (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 during the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter last year, the company posted $1.55 earnings per share. The firm’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. Equities research analysts forecast that Textron Inc. will post 6.5 earnings per share for the current year.

Textron Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Friday, September 11th were 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 of this dividend was Friday, September 11th. Textron’s dividend payout ratio is 1.51%.

Institutional Trading of Textron

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Textron during the 2nd quarter valued at $1,434,125,000. Primecap Management Co. CA bought a new position in shares of Textron in the 2nd quarter worth approximately $111,723,000. Bank of New York Mellon Corp bought a new stake in shares of Textron during the second quarter valued at approximately $105,946,000. Great Lakes Advisors LLC bought a new position in Textron in the second quarter worth $81,224,000. Finally, Legal & General Group Plc bought a new stake in shares of Textron during the 2nd quarter valued at $78,431,000. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Company Profile

Textron Inc is a multi-industry company that develops and manufactures aircraft, defense systems, specialized vehicles, and industrial products. Its operations serve commercial, government, and consumer markets in the United States and internationally.

Through Textron Aviation, the company produces Cessna business jets, turboprop aircraft, and single-engine aircraft, as well as Beechcraft business and special-mission aircraft. Bell designs and manufactures military and commercial helicopters, tiltrotor aircraft, and related support services.