Textron (NYSE:TXT) Sets New 12-Month Low – What’s Next?

Shares of Textron Inc. (NYSE:TXT) hit a new 52-week low during trading on Thursday . The company traded as low as $78.12 and last traded at $78.9650, with a volume of 59384 shares traded. The stock had previously closed at $79.89.

Analyst Upgrades and Downgrades

TXT has been the subject of several research analyst reports. TD Cowen decreased their price target on shares of Textron from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Weiss Ratings raised Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 13th. Morgan Stanley set a $98.00 price objective on Textron in a report on Wednesday, July 29th. UBS Group reaffirmed 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 cut Textron from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Textron currently has an average rating of “Moderate Buy” and an average target price of $102.44.

Textron Stock Performance

The firm’s fifty day moving average price is $86.69 and its 200 day moving average price is $89.80. The firm has a market cap of $13.92 billion, a P/E ratio of 15.28, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.85 and a current ratio of 1.86.

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

Textron Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be issued a $0.02 dividend. The ex-dividend date is 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 (DPR) is currently 1.51%.

Institutional Investors Weigh In On Textron

A number of hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Textron by 13.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,522 shares of the aerospace company’s stock worth $1,049,000 after purchasing an additional 1,709 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Textron by 6.3% in the 1st quarter. Empowered Funds LLC now owns 21,397 shares of the aerospace company’s stock valued at $1,546,000 after buying an additional 1,265 shares in the last quarter. Focus Partners Wealth grew its position in shares of Textron by 18.0% in the 1st quarter. Focus Partners Wealth now owns 4,814 shares of the aerospace company’s stock worth $348,000 after buying an additional 735 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Textron during the 2nd quarter worth approximately $453,000. Finally, Baird Financial Group Inc. raised its stake in shares of Textron by 15.3% during the 2nd quarter. Baird Financial Group Inc. now owns 19,171 shares of the aerospace company’s stock worth $1,539,000 after acquiring an additional 2,548 shares in the last quarter. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

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.