Textron (NYSE:TXT) Hits New 12-Month Low – Time to Sell?

Textron Inc. (NYSE:TXT)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $78.12 and last traded at $78.9650, with a volume of 59384 shares traded. The stock had previously closed at $79.89.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. TD Cowen lowered their price target 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 lowered Textron from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. UBS Group restated a “neutral” rating and set a $95.00 price objective on shares of Textron in a research note on Wednesday, July 29th. Finally, Morgan Stanley set a $98.00 target price on Textron in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $102.44.

Textron Trading Down 0.6%

The firm has a market capitalization of $13.66 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 1.16 and a beta of 0.90. The business’s 50-day moving average price is $87.18 and its 200 day moving average price is $90.02. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.86 and a quick ratio of 0.85.

Textron (NYSE:TXT) last released its quarterly earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share for the quarter, beating 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 analyst estimates of $3.81 billion. During the same period last year, the business earned $1.55 EPS. The business’s revenue was up 3.0% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, equities analysts forecast that Textron Inc. will post 6.5 earnings per share for the current fiscal year.

Textron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s dividend payout ratio is currently 1.51%.

Institutional Investors Weigh In On Textron

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Motley Fool Asset Management LLC raised its stake in Textron by 3.7% during the fourth quarter. Motley Fool Asset Management LLC now owns 3,008 shares of the aerospace company’s stock valued at $262,000 after buying an additional 106 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Textron by 22.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 653 shares of the aerospace company’s stock valued at $57,000 after acquiring an additional 119 shares during the last quarter. Root Financial Partners LLC grew its holdings in shares of Textron by 24.5% in the 4th quarter. Root Financial Partners LLC now owns 630 shares of the aerospace company’s stock worth $55,000 after acquiring an additional 124 shares during the last quarter. Essex Financial Services Inc. raised its holdings in shares of Textron by 4.9% during the first quarter. Essex Financial Services Inc. now owns 2,712 shares of the aerospace company’s stock valued at $237,000 after acquiring an additional 127 shares during the period. Finally, Glenmede Investment Management LP lifted its position in shares of Textron by 1.0% in the 3rd quarter. Glenmede Investment Management LP now owns 14,123 shares of the aerospace company’s stock valued at $1,193,000 after acquiring an additional 142 shares in the last quarter. Institutional investors own 86.03% of the company’s stock.

Textron Company Profile

Textron Inc (NYSE: TXT) is a diversified industrial company that develops and manufactures aircraft, defense systems, specialized vehicles, and industrial products. Its portfolio includes businesses serving the aviation, defense, aerospace, and commercial sectors, with operations and customers in the United States and international markets.

Textron Aviation produces business jets, turboprop aircraft, and general aviation aircraft under brands including Beechcraft, Cessna, and Hawker. Bell designs and manufactures military and commercial helicopters, tiltrotor aircraft, and related support services.