Textron Inc. (NYSE:TXT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Textron Inc. (NYSE:TXT) have received an average rating of “Moderate Buy” from the twelve analysts that are currently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $98.60.

A number of brokerages have weighed in on TXT. JPMorgan Chase & Co. upped their price target on Textron from $88.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. Jefferies Financial Group reiterated a “buy” rating on shares of Textron in a research report on Wednesday, February 18th. Weiss Ratings upgraded shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. Morgan Stanley set a $92.00 price objective on shares of Textron in a research note on Thursday, January 29th. Finally, Freedom Capital upgraded shares of Textron to a “strong-buy” rating in a research note on Friday, January 16th.

Textron Stock Down 2.0%

NYSE TXT opened at $98.65 on Wednesday. Textron has a twelve month low of $57.70 and a twelve month high of $101.57. The stock has a market cap of $17.18 billion, a PE ratio of 19.31, a PEG ratio of 1.52 and a beta of 0.95. The firm has a 50-day simple moving average of $93.73 and a 200 day simple moving average of $86.58. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.99 and a current ratio of 1.97.

Textron (NYSE:TXT) last issued its earnings results on Wednesday, January 28th. The aerospace company reported $1.73 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.01). Textron had a return on equity of 14.63% and a net margin of 6.22%.The firm had revenue of $4.18 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same period last year, the business earned $1.34 earnings per share. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, research analysts forecast that Textron will post 6.12 EPS for the current year.

Textron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. Textron’s payout ratio is currently 1.57%.

Insider Buying and Selling at Textron

In other news, VP Mark S. Bamford sold 19,808 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $97.96, for a total transaction of $1,940,391.68. Following the transaction, the vice president directly owned 7,872 shares in the company, valued at approximately $771,141.12. This represents a 71.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Julie G. Duffy sold 19,857 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $98.70, for a total transaction of $1,959,885.90. Following the completion of the transaction, the executive vice president owned 37,039 shares of the company’s stock, valued at $3,655,749.30. This trade represents a 34.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 304,473 shares of company stock worth $29,976,723 over the last quarter. Corporate insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Textron

Hedge funds and other institutional investors have recently made changes to their positions in the company. Motley Fool Asset Management LLC increased its position in Textron by 3.7% in the fourth quarter. Motley Fool Asset Management LLC now owns 3,008 shares of the aerospace company’s stock worth $262,000 after purchasing an additional 106 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Textron by 22.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 653 shares of the aerospace company’s stock worth $57,000 after buying an additional 119 shares during the last quarter. Capital Management Corp VA lifted its holdings in Textron by 1.0% in the fourth quarter. Capital Management Corp VA now owns 12,477 shares of the aerospace company’s stock valued at $1,088,000 after buying an additional 120 shares during the period. Root Financial Partners LLC boosted its stake in Textron by 24.5% in the fourth quarter. Root Financial Partners LLC now owns 630 shares of the aerospace company’s stock valued at $55,000 after acquiring an additional 124 shares during the last quarter. Finally, Glenmede Investment Management LP grew its holdings in Textron by 1.0% during the 3rd quarter. Glenmede Investment Management LP now owns 14,123 shares of the aerospace company’s stock worth $1,193,000 after acquiring an additional 142 shares during the period. 86.03% of the stock is owned by institutional investors and hedge funds.

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.