Brokerages Set Textron Inc. (NYSE:TXT) Target Price at $101.18

Textron Inc. (NYSE:TXT) has received a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, MarketBeat reports. Seven research 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 brokerages that have covered the stock in the last year is $101.1818.

A number of equities analysts recently commented on TXT shares. JPMorgan Chase & Co. lifted their price objective on Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Weiss Ratings raised Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. UBS Group lifted their price objective on Textron from $99.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Citigroup lifted their price objective on Textron from $97.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. Finally, Sanford C. Bernstein lifted their price objective on Textron from $94.00 to $108.00 and gave the stock a “market perform” rating in a research note on Thursday, February 19th.

Insider Transactions at Textron

In other Textron news, Director Thomas A. Kennedy acquired 10,300 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were bought at an average cost of $95.98 per share, with a total value of $988,594.00. Following the purchase, the director directly owned 20,162 shares of the company’s stock, valued at $1,935,148.76. This trade represents a 104.44% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director R Kerry Clark sold 2,517 shares of the business’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 completion of the transaction, the director directly owned 8,611 shares in the company, valued at $801,597.99. This represents a 22.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TXT. Activest Wealth Management lifted its stake in shares of Textron by 3,255.6% in the 4th quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 293 shares during the period. Wilkerson Advisory Group LLC acquired a new position in shares of Textron in the 4th quarter valued at about $26,000. Cedar Mountain Advisors LLC acquired a new position in shares of Textron in the 1st quarter valued at about $29,000. Elyxium Wealth LLC acquired a new position in shares of Textron in the 4th quarter valued at about $30,000. Finally, Strive Financial Group LLC acquired a new position in Textron during the 4th quarter worth approximately $31,000. 86.03% of the stock is owned by institutional investors and hedge funds.

Textron Trading Down 3.7%

NYSE TXT opened at $89.25 on Friday. The firm has a market capitalization of $15.52 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 1.39 and a beta of 0.90. The business’s 50-day moving average price is $91.29 and its two-hundred day moving average price is $91.39. The company has a current ratio of 1.84, a quick ratio of 0.87 and a debt-to-equity ratio of 0.43. Textron has a 12 month low of $75.80 and a 12 month high of $101.57.

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

Textron Announces Dividend

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