Textron (NYSE:TXT) Reaches New 52-Week Low – Should You Sell?

Shares of Textron Inc. (NYSE:TXT) hit a new 52-week low during trading on Tuesday. The company traded as low as $75.42 and last traded at $75.41, with a volume of 301485 shares trading hands. The stock had previously closed at $75.75.

Analyst Ratings Changes

TXT has been the subject of a number of recent analyst reports. TD Cowen cut their price objective on Textron from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, July 13th. Citigroup cut their price target on Textron from $99.00 to $86.00 and set a “neutral” rating for the company in a research note on Wednesday. Morgan Stanley set a $98.00 price target on shares of Textron in a report on Wednesday, July 29th. Weiss Ratings lowered shares of Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, September 18th. Finally, UBS Group reiterated a “neutral” rating and set a $95.00 price target on shares of Textron in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Textron has an average rating of “Hold” and a consensus price target of $101.00.

Textron Trading Down 0.9%

The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 0.43. The company has a market cap of $12.45 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 1.10 and a beta of 0.91. The firm has a 50 day moving average price of $81.89 and a two-hundred day moving average price of $87.58.

Textron (NYSE:TXT) last released its quarterly earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.07. The firm had revenue of $3.83 billion during 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%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.55 EPS. 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 Announces Dividend

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

Institutional Investors Weigh In On Textron

A number of large investors have recently bought and sold shares of the stock. Security National Bank of SO Dak bought a new stake in Textron in the 2nd quarter valued at about $30,000. Cedar Mountain Advisors LLC acquired a new stake in Textron in the 1st quarter valued at $29,000. Elevation Wealth Partners LLC grew its position in Textron by 522.4% in the 2nd quarter. Elevation Wealth Partners LLC now owns 361 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 303 shares during the period. Trust Co. of Vermont bought a new stake in Textron during the 2nd quarter valued at $50,000. Finally, Manning & Napier Advisors LLC bought a new stake in Textron during the 2nd quarter valued at $121,000. 86.03% of the stock is currently owned by institutional investors and hedge funds.

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.