Textron Inc. (NYSE:TXT) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Textron Inc. (NYSE:TXT) have been given an average rating of “Hold” by the fourteen brokerages that are currently covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $92.1538.

A number of analysts have recently commented on the company. JPMorgan Chase & Co. cut their target price on Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. TD Cowen cut their price target on Textron from $95.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday, October 24th. Barclays boosted their price objective on Textron from $95.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. UBS Group lowered their target price on shares of Textron from $92.00 to $89.00 and set a “neutral” rating on the stock in a research report on Friday, October 24th. Finally, Wall Street Zen upgraded shares of Textron from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 27th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. CIBC Bancorp USA Inc. purchased a new position in Textron during the third quarter worth about $2,084,000. Captrust Financial Advisors raised its stake in shares of Textron by 20.6% during the 3rd quarter. Captrust Financial Advisors now owns 165,811 shares of the aerospace company’s stock worth $14,009,000 after buying an additional 28,311 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in shares of Textron by 5.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,164 shares of the aerospace company’s stock worth $352,000 after buying an additional 214 shares in the last quarter. Danske Bank A S acquired a new stake in shares of Textron in the 3rd quarter valued at approximately $10,756,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Textron during the 3rd quarter worth $96,000. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Textron Stock Up 2.2%

Shares of NYSE:TXT opened at $81.28 on Monday. The firm has a 50 day simple moving average of $82.32 and a 200-day simple moving average of $80.13. Textron has a twelve month low of $57.70 and a twelve month high of $87.94. The company has a current ratio of 1.84, a quick ratio of 0.86 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $14.32 billion, a PE ratio of 17.86, a P/E/G ratio of 1.30 and a beta of 1.13.

Textron (NYSE:TXT) last announced its quarterly earnings results on Thursday, October 23rd. The aerospace company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.47 by $0.08. Textron had a net margin of 5.81% and a return on equity of 14.16%. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same period last year, the business earned $1.40 EPS. Textron’s revenue for the quarter was up 5.1% compared to the same quarter last year. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities analysts predict that Textron will post 6.12 EPS for the current fiscal year.

Textron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Friday, December 12th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Friday, December 12th. Textron’s dividend payout ratio is 1.76%.

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.