Textron Inc. (NYSE:TXT) Receives Consensus Recommendation of “Hold” from Brokerages

Textron Inc. (NYSE:TXT) has earned an average rating of “Hold” from the thirteen analysts that are presently covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $101.1818.

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company assumed coverage on shares of Textron in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $92.00 target price on the stock. UBS Group increased their target price on shares of Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Morgan Stanley set a $109.00 price target on shares of Textron in a research note on Monday, May 4th. Weiss Ratings lowered shares of Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised their price target on shares of Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, May 4th.

Insider Transactions at Textron

In related news, Director R Kerry Clark sold 2,517 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $93.09, for a total value of $234,307.53. Following the transaction, the director directly owned 8,611 shares of the company’s stock, valued at approximately $801,597.99. This trade represents a 22.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas A. Kennedy purchased 10,300 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average cost of $95.98 per share, for a total transaction of $988,594.00. Following the completion of the purchase, the director directly owned 20,162 shares in the company, valued at $1,935,148.76. This represents a 104.44% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.90% of the company’s stock.

Institutional Trading of Textron

A number of hedge funds have recently bought and sold shares of TXT. Activest Wealth Management lifted its stake in Textron by 3,255.6% in the 4th quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 293 shares in the last quarter. Wilkerson Advisory Group LLC purchased a new position in Textron in the 4th quarter worth approximately $26,000. Cedar Mountain Advisors LLC purchased a new position in Textron in the 1st quarter worth approximately $29,000. Elyxium Wealth LLC purchased a new position in Textron in the 4th quarter worth approximately $30,000. Finally, Strive Financial Group LLC purchased a new position in Textron in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Trading Up 0.1%

TXT stock opened at $91.88 on Monday. The company’s 50-day simple moving average is $90.20 and its 200-day simple moving average is $89.99. The company has a quick ratio of 0.87, a current ratio of 1.84 and a debt-to-equity ratio of 0.43. Textron has a 52-week low of $72.00 and a 52-week high of $101.57. The firm has a market cap of $15.98 billion, a P/E ratio of 17.57, a PEG ratio of 1.37 and a beta of 0.93.

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

Textron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Textron’s dividend payout ratio (DPR) is currently 1.53%.

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.