Textron Inc. (NYSE:TXT) Given Consensus Rating of “Moderate Buy” by Brokerages

Textron Inc. (NYSE:TXT) has been given a consensus recommendation of “Moderate Buy” by the twelve brokerages that are presently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $98.60.

Several analysts have issued reports on TXT shares. Wall Street Zen downgraded Textron from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. Weiss Ratings raised Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. Citigroup decreased their price objective on Textron from $107.00 to $97.00 and set a “neutral” rating for the company in a report on Thursday, January 29th. Morgan Stanley set a $92.00 target price on Textron in a research report on Thursday, January 29th. Finally, UBS Group boosted their target price on Textron from $89.00 to $99.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th.

Insider Buying and Selling at Textron

In related news, Chairman Scott C. Donnelly sold 219,619 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $98.41, for a total value of $21,612,705.79. Following the completion of the transaction, the chairman owned 742,418 shares of the company’s stock, valued at approximately $73,061,355.38. This trade represents a 22.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Mark S. Bamford sold 19,808 shares of Textron stock in a transaction 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 completion of the sale, the vice president owned 7,872 shares in the company, valued at $771,141.12. The trade was a 71.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 304,473 shares of company stock valued at $29,976,723 in the last three months. 1.90% of the stock is currently owned by insiders.

Institutional Trading of Textron

Hedge funds and other institutional investors have recently modified their holdings of the stock. True Wealth Design LLC boosted its position in Textron by 388.5% during the third quarter. True Wealth Design LLC now owns 298 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 237 shares during the last quarter. Activest Wealth Management increased its position in shares of Textron by 3,255.6% during the 4th quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 293 shares during the last quarter. Wilkerson Advisory Group LLC bought a new stake in shares of Textron during the 4th quarter worth approximately $26,000. Elyxium Wealth LLC bought a new stake in shares of Textron during the 4th quarter worth approximately $30,000. Finally, Strive Financial Group LLC acquired a new stake in shares of Textron in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Stock Performance

Shares of TXT opened at $87.50 on Friday. The firm has a market cap of $15.23 billion, a P/E ratio of 17.12, a PEG ratio of 1.32 and a beta of 0.95. Textron has a twelve month low of $57.70 and a twelve month high of $101.57. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.99 and a current ratio of 1.97. The firm’s 50 day moving average price is $94.11 and its two-hundred day moving average price is $87.94.

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

Textron Announces Dividend

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

Textron Company Profile

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.