Textron Inc. (NYSE:TXT) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Textron Inc. (NYSE:TXT) have been given a consensus rating of “Moderate Buy” by the seven research firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $86.00.

Several research firms recently commented on TXT. Bank of America upped their price target on shares of Textron from $76.00 to $85.00 and gave the company a “neutral” rating in a research report on Tuesday, August 15th. Citigroup raised their price target on Textron from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, July 28th. StockNews.com raised Textron from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Vertical Research lowered Textron from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a report on Wednesday, May 24th. Finally, Susquehanna increased their price target on Textron from $83.00 to $89.00 and gave the stock a “positive” rating in a report on Friday, July 28th.

Insiders Place Their Bets

In other Textron news, Director R Kerry Clark sold 5,000 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $75.33, for a total value of $376,650.00. Following the completion of the sale, the director now owns 13,870 shares of the company’s stock, valued at $1,044,827.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Textron

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Analysts LLC purchased a new position in Textron in the 1st quarter valued at approximately $29,000. SOA Wealth Advisors LLC. raised its stake in shares of Textron by 129.8% during the 1st quarter. SOA Wealth Advisors LLC. now owns 439 shares of the aerospace company’s stock worth $31,000 after buying an additional 248 shares during the last quarter. Money Concepts Capital Corp boosted its position in shares of Textron by 109.0% in the 4th quarter. Money Concepts Capital Corp now owns 443 shares of the aerospace company’s stock worth $31,000 after buying an additional 231 shares in the last quarter. Capital Advisors Ltd. LLC grew its stake in Textron by 6,300.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 448 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 441 shares during the last quarter. Finally, Thompson Investment Management Inc. purchased a new position in Textron during the 1st quarter valued at about $35,000. 85.92% of the stock is currently owned by institutional investors and hedge funds.

Textron Stock Up 0.0 %

TXT stock opened at $76.19 on Friday. The stock has a market cap of $15.09 billion, a P/E ratio of 17.51, a PEG ratio of 1.22 and a beta of 1.49. The company has a current ratio of 1.87, a quick ratio of 0.93 and a debt-to-equity ratio of 0.45. Textron has a twelve month low of $58.03 and a twelve month high of $80.10. The company’s 50 day moving average is $74.48 and its two-hundred day moving average is $69.63.

Textron (NYSE:TXT) last released its quarterly earnings data on Thursday, July 27th. The aerospace company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.25. Textron had a net margin of 6.88% and a return on equity of 13.83%. The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter in the prior year, the firm posted $1.00 earnings per share. Textron’s revenue for the quarter was up 8.6% on a year-over-year basis. Research analysts expect that Textron will post 5.3 earnings per share for the current fiscal year.

Textron Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 15th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.11%. Textron’s dividend payout ratio (DPR) is presently 1.84%.

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.