Textron (NYSE:TXT) PT Lowered to $105.00 at Susquehanna

Textron (NYSE:TXT) had its price target cut by Susquehanna from $110.00 to $105.00 in a research report report published on Friday morning, Benzinga reports. They currently have a positive rating on the aerospace company’s stock.

Several other analysts have also weighed in on the stock. Citigroup boosted their target price on shares of Textron from $104.00 to $111.00 and gave the company a buy rating in a research note on Thursday, April 4th. The Goldman Sachs Group increased their price objective on shares of Textron from $103.00 to $120.00 and gave the stock a buy rating in a research note on Tuesday, April 16th. Bank of America upgraded Textron from a neutral rating to a buy rating and lifted their target price for the company from $85.00 to $105.00 in a research note on Friday, March 8th. UBS Group increased their price target on Textron from $77.00 to $81.00 and gave the stock a sell rating in a research report on Friday, January 26th. Finally, StockNews.com upgraded Textron from a buy rating to a strong-buy rating in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Textron has a consensus rating of Moderate Buy and a consensus target price of $95.63.

Textron Stock Down 0.1 %

NYSE:TXT opened at $86.40 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 company has a market capitalization of $16.48 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth 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 stock has a 50-day simple moving average of $92.12 and a 200 day simple moving average of $83.98.

Textron (NYSE:TXT) last issued its earnings results on Thursday, April 25th. The aerospace company reported $1.20 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $3.29 billion. During the same quarter in the previous year, the business posted $1.05 EPS. Textron’s revenue was up 3.7% compared to the same quarter last year. Sell-side analysts predict that Textron will post 6.29 EPS for the current fiscal year.

Textron Dividend Announcement

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

Institutional Investors Weigh In On Textron

Institutional investors have recently bought and sold shares of the stock. Adage Capital Partners GP L.L.C. raised its position in shares of Textron by 93.7% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,474,191 shares of the aerospace company’s stock worth $115,193,000 after buying an additional 713,169 shares in the last quarter. Swiss National Bank bought a new position in Textron during the 3rd quarter valued at $50,696,000. JPMorgan Chase & Co. increased its position in shares of Textron by 11.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,745,108 shares of the aerospace company’s stock valued at $448,923,000 after purchasing an additional 596,214 shares during the period. LSV Asset Management raised its stake in shares of Textron by 15.9% in the 4th quarter. LSV Asset Management now owns 3,793,047 shares of the aerospace company’s stock worth $305,037,000 after buying an additional 521,276 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Textron in the fourth quarter valued at $394,347,000. Institutional investors and hedge funds own 86.03% of the company’s stock.

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.