Textron Inc. (NYSE:TXT) Stock Has Consensus Target Price of $100.44

Textron Inc. (NYSE:TXT) has earned a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $99.11.

Several analysts recently commented on TXT shares. Morgan Stanley set a $86.00 price objective on shares of Textron in a research note on Friday. Citigroup decreased their price objective on shares of Textron from $99.00 to $86.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Weiss Ratings lowered shares of Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, September 18th. UBS Group restated a “neutral” rating and set a $95.00 target price on shares of Textron in a research report on Wednesday, July 29th. Finally, Wall Street Zen downgraded shares of Textron from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st.

Hedge Funds Weigh In On Textron

Hedge funds have recently bought and sold shares of the company. V Square Quantitative Management LLC grew its holdings in Textron by 39.3% in the third quarter. V Square Quantitative Management LLC now owns 4,707 shares of the aerospace company’s stock valued at $359,000 after purchasing an additional 1,329 shares during the last quarter. Moody National Bank Trust Division increased its position in shares of Textron by 22.2% in the third quarter. Moody National Bank Trust Division now owns 9,984 shares of the aerospace company’s stock valued at $761,000 after buying an additional 1,814 shares in the last quarter. QRG Capital Management Inc. increased its position in shares of Textron by 2.3% in the second quarter. QRG Capital Management Inc. now owns 30,356 shares of the aerospace company’s stock valued at $2,785,000 after buying an additional 687 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Textron by 8.4% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,289 shares of the aerospace company’s stock worth $302,000 after buying an additional 254 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake 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 worth $10,342,000 after buying an additional 4,758 shares during the last quarter. 86.03% of the stock is owned by hedge funds and other institutional investors.

Textron Price Performance

Textron stock opened at $75.84 on Thursday. Textron has a one year low of $71.87 and a one year high of $101.57. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.85 and a current ratio of 1.86. The business has a fifty day moving average of $80.06 and a two-hundred day moving average of $86.88. The company has a market cap of $13.04 billion, a P/E ratio of 14.31, a price-to-earnings-growth ratio of 1.10 and a beta of 0.91.

Textron (NYSE:TXT) last issued its earnings results on Tuesday, July 28th. The aerospace company reported $1.62 EPS for the quarter, topping 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 company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same period in the previous year, the firm earned $1.55 EPS. The business’s revenue was up 3.0% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, analysts predict that Textron will post 6.51 earnings per share for the current fiscal year.

Textron Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Friday, September 11th were issued a $0.02 dividend. The ex-dividend date was Friday, September 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. Textron’s dividend payout ratio is currently 1.51%.

Textron Company Profile

Textron Inc is a multi-industry company that develops and manufactures aircraft, defense systems, specialized vehicles, and industrial products. Its operations serve commercial, government, and consumer markets in the United States and internationally.

Through Textron Aviation, the company produces Cessna business jets, turboprop aircraft, and single-engine aircraft, as well as Beechcraft business and special-mission aircraft. Bell designs and manufactures military and commercial helicopters, tiltrotor aircraft, and related support services.