Textron (NYSE:TXT) Reaches New 52-Week Low – Here’s What Happened

Textron Inc. (NYSE:TXT)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $78.11 and last traded at $78.17, with a volume of 659810 shares trading hands. The stock had previously closed at $79.41.

Analysts Set New Price Targets

Several research analysts have issued reports on TXT shares. UBS Group reaffirmed a “neutral” rating and issued a $95.00 target price on shares of Textron in a report on Wednesday, July 29th. Wall Street Zen downgraded shares of Textron from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Morgan Stanley set a $98.00 price objective on shares of Textron in a report on Wednesday, July 29th. TD Cowen cut their target price on Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, July 13th. Finally, Weiss Ratings cut Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $102.44.

Textron Price Performance

The firm has a 50-day simple moving average of $84.94 and a 200-day simple moving average of $88.68. The firm has a market capitalization of $13.22 billion, a PE ratio of 14.50, a PEG ratio of 1.13 and a beta of 0.90. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.86 and a quick ratio of 0.85.

Textron (NYSE:TXT) last released its quarterly earnings results on Tuesday, July 28th. The aerospace company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.55 by $0.07. Textron had a net margin of 6.12% and a return on equity of 14.30%. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same quarter in the prior year, the firm earned $1.55 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, equities analysts forecast that Textron Inc. will post 6.5 earnings per share for the current year.

Textron Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Friday, September 11th. Textron’s dividend payout ratio (DPR) is currently 1.51%.

Institutional Trading of Textron

A number of hedge funds and other institutional investors have recently bought and sold shares of TXT. QRG Capital Management Inc. lifted its holdings in Textron by 2.3% during the second quarter. QRG Capital Management Inc. now owns 30,356 shares of the aerospace company’s stock valued at $2,785,000 after purchasing an additional 687 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of Textron by 8.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,289 shares of the aerospace company’s stock worth $302,000 after purchasing an additional 254 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Textron by 4.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 112,739 shares of the aerospace company’s stock valued at $10,342,000 after purchasing an additional 4,758 shares during the period. State Street Corp raised its position in shares of Textron by 0.9% during the 2nd quarter. State Street Corp now owns 9,830,439 shares of the aerospace company’s stock valued at $901,942,000 after purchasing an additional 86,141 shares during the period. Finally, Security National Bank of SO Dak purchased a new position in shares of Textron during the 2nd quarter valued at $30,000. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Company Profile

Textron Inc (NYSE: TXT) is a diversified industrial company that develops and manufactures aircraft, defense systems, specialized vehicles, and industrial products. Its portfolio includes businesses serving the aviation, defense, aerospace, and commercial sectors, with operations and customers in the United States and international markets.

Textron Aviation produces business jets, turboprop aircraft, and general aviation aircraft under brands including Beechcraft, Cessna, and Hawker. Bell designs and manufactures military and commercial helicopters, tiltrotor aircraft, and related support services.