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

Shares of Textron Inc. (NYSE:TXT) have received an average recommendation of “Moderate Buy” from the twelve research firms that are covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $92.6667.

Several research analysts recently weighed in on the stock. UBS Group raised shares of Textron from a “sell” rating to a “neutral” rating and boosted their target price for the company from $73.00 to $88.00 in a research note on Monday, July 28th. Susquehanna boosted their target price on shares of Textron from $90.00 to $95.00 and gave the company a “positive” rating in a research note on Friday, July 25th. Morgan Stanley boosted their target price on shares of Textron from $71.00 to $86.00 and gave the company an “equal weight” rating in a research note on Thursday, July 17th. Wall Street Zen raised shares of Textron from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Barclays boosted their target price on shares of Textron from $95.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th.

Insider Activity at Textron

In other news, EVP Julie G. Duffy sold 28,543 shares of the company’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $79.37, for a total transaction of $2,265,457.91. Following the completion of the transaction, the executive vice president owned 37,624 shares of the company’s stock, valued at $2,986,216.88. This represents a 43.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Banque Cantonale Vaudoise acquired a new position in shares of Textron during the 1st quarter valued at about $25,000. Assetmark Inc. increased its stake in shares of Textron by 191.9% during the 2nd quarter. Assetmark Inc. now owns 324 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 213 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Textron during the 2nd quarter valued at about $27,000. Harvest Fund Management Co. Ltd increased its stake in shares of Textron by 100.0% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 524 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 262 shares during the last quarter. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Textron during the 1st quarter valued at about $41,000. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Price Performance

Textron stock opened at $80.49 on Wednesday. Textron has a 52 week low of $57.70 and a 52 week high of $91.30. The company has a quick ratio of 0.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.45. The firm’s 50-day simple moving average is $80.98 and its 200 day simple moving average is $75.51. The firm has a market capitalization of $14.34 billion, a PE ratio of 18.21, a P/E/G ratio of 1.35 and a beta of 1.14.

Textron (NYSE:TXT) last released its quarterly earnings data on Thursday, July 24th. The aerospace company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.45 by $0.10. Textron had a net margin of 5.80% and a return on equity of 14.26%. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period in the previous year, the firm earned $1.54 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities research analysts predict that Textron will post 6.12 EPS for the current fiscal year.

Textron Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 12th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s payout ratio is presently 1.81%.

About Textron

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.