Textron Inc. (NYSE:TXT) Receives $101.18 Average Price Target from Brokerages

Shares of Textron Inc. (NYSE:TXT) have been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $101.1818.

A number of brokerages recently issued reports on TXT. UBS Group raised their price target on Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Weiss Ratings upgraded Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Wells Fargo & Company assumed coverage on Textron in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $92.00 target price for the company. Jefferies Financial Group reiterated a “buy” rating on shares of Textron in a research report on Sunday, May 3rd. Finally, Sanford C. Bernstein lifted their target price on Textron from $94.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday, February 19th.

Textron Price Performance

NYSE:TXT opened at $93.74 on Friday. The firm has a market capitalization of $16.30 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 1.40 and a beta of 0.90. Textron has a 1 year low of $75.80 and a 1 year high of $101.57. The business has a 50 day simple moving average of $91.17 and a 200-day simple moving average of $91.29. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.84 and a quick ratio of 0.87.

Textron (NYSE:TXT) last posted its quarterly earnings data on Thursday, April 30th. The aerospace company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.15. The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.50 billion. Textron had a return on equity of 14.56% and a net margin of 6.15%.The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period last year, the company earned $1.28 EPS. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities analysts forecast that Textron will post 6.6 EPS for the current year.

Textron Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, June 12th. Textron’s dividend payout ratio (DPR) is 1.53%.

Insider Buying and Selling at Textron

In other news, Director R Kerry Clark sold 2,517 shares of Textron stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $93.09, for a total transaction of $234,307.53. Following the completion of the sale, the director directly owned 8,611 shares in the company, valued at approximately $801,597.99. This trade represents a 22.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas A. Kennedy bought 10,300 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were acquired at an average price of $95.98 per share, with a total value of $988,594.00. Following the completion of the transaction, the director owned 20,162 shares of the company’s stock, valued at approximately $1,935,148.76. The trade was a 104.44% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Textron

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Edgestream Partners L.P. bought a new stake in Textron during the 1st quarter valued at $6,407,000. Kentucky Retirement Systems bought a new stake in Textron during the 1st quarter valued at $2,032,000. Janus Henderson Group PLC raised its position in Textron by 363.1% during the 1st quarter. Janus Henderson Group PLC now owns 78,810 shares of the aerospace company’s stock valued at $6,901,000 after purchasing an additional 61,792 shares in the last quarter. Centaurus Financial Inc. bought a new stake in Textron during the 1st quarter valued at $136,000. Finally, Bull Harbor Capital LLC bought a new stake in Textron during the 1st quarter valued at $1,017,000. 86.03% of the stock is owned by institutional investors.

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.