Textron Inc. (NYSE:TXT) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Textron Inc. (NYSE:TXT) have been given an average rating of “Hold” by the thirteen brokerages that are currently covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $91.25.

TXT has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price objective on Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a report on Monday, October 27th. UBS Group reduced their target price on Textron from $92.00 to $89.00 and set a “neutral” rating for the company in a research report on Friday, October 24th. TD Cowen decreased their price target on shares of Textron from $95.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, October 24th. Sanford C. Bernstein restated a “market perform” rating and issued a $94.00 price objective on shares of Textron in a research note on Tuesday, January 6th. Finally, Citigroup began coverage on shares of Textron in a report on Thursday, December 11th. They set a “neutral” rating and a $91.00 price objective for the company.

Institutional Investors Weigh In On Textron

Large investors have recently modified their holdings of the stock. AQR Capital Management LLC boosted its stake in Textron by 144.1% in the 2nd quarter. AQR Capital Management LLC now owns 2,664,612 shares of the aerospace company’s stock valued at $213,942,000 after buying an additional 1,573,206 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Textron during the second quarter valued at $66,446,000. Adage Capital Partners GP L.L.C. lifted its holdings in shares of Textron by 270.7% during the second quarter. Adage Capital Partners GP L.L.C. now owns 1,005,843 shares of the aerospace company’s stock valued at $80,759,000 after acquiring an additional 734,478 shares during the period. Balyasny Asset Management L.P. acquired a new stake in shares of Textron in the 3rd quarter valued at $56,255,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Textron by 62.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,231,492 shares of the aerospace company’s stock worth $98,876,000 after purchasing an additional 471,274 shares during the last quarter. 86.03% of the stock is currently owned by institutional investors.

Textron Price Performance

Shares of Textron stock opened at $93.27 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.84 and a quick ratio of 0.86. The company has a market cap of $16.44 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 1.40 and a beta of 1.00. The firm has a fifty day moving average price of $85.33 and a two-hundred day moving average price of $82.99. Textron has a fifty-two week low of $57.70 and a fifty-two week high of $94.01.

Textron (NYSE:TXT) last posted its quarterly earnings data on Thursday, October 23rd. The aerospace company reported $1.55 earnings per share (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 company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter in the previous year, the firm posted $1.40 EPS. The business’s revenue was up 5.1% compared to the same quarter last year. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. Analysts expect that Textron will post 6.12 EPS for the current year.

Textron Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 1st. Shareholders of record on Friday, December 12th were paid a dividend of $0.02 per share. The ex-dividend date was Friday, December 12th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Textron’s dividend payout ratio (DPR) is currently 1.76%.

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.