Textron Inc. (NYSE:TXT) Stock Has Average Price Target of $102.44

Textron Inc. (NYSE:TXT) has been assigned an average rating of “Hold” from the ten analysts that are presently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $102.44.

TXT has been the topic of a number of recent research reports. UBS Group reiterated a “neutral” rating and issued a $95.00 price objective on shares of Textron in a research report on Wednesday, July 29th. TD Cowen cut their price target on Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, July 13th. Weiss Ratings cut Textron from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, September 18th. Wall Street Zen lowered Textron from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Morgan Stanley set a $98.00 target price on shares of Textron in a research note on Wednesday, July 29th.

Textron Trading Down 1.0%

Shares of TXT opened at $76.07 on Friday. 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 company has a market cap of $13.08 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 1.13 and a beta of 0.90. The stock has a fifty day moving average price of $84.66 and a two-hundred day moving average price of $88.54. Textron has a 52-week low of $75.86 and a 52-week high of $101.57.

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

Textron Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 11th will be issued a dividend of $0.02 per share. 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 payout ratio is currently 1.51%.

Institutional Inflows and Outflows

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