Analysts Set Textron Inc. (NYSE:TXT) PT at $98.60

Textron Inc. (NYSE:TXT) has been assigned an average rating of “Moderate Buy” from the twelve research firms that are presently covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $98.60.

TXT has been the subject of several research analyst reports. Susquehanna reissued a “positive” rating and issued a $110.00 target price on shares of Textron in a research report on Thursday, January 15th. Sanford C. Bernstein lifted their price target on Textron from $94.00 to $108.00 and gave the stock a “market perform” rating in a research note on Thursday, February 19th. Freedom Capital upgraded Textron to a “strong-buy” rating in a research note on Friday, January 16th. UBS Group increased their target price on Textron from $89.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. Finally, Weiss Ratings upgraded Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th.

Insider Activity at Textron

In other Textron news, EVP E Robert Lupone sold 28,056 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $98.84, for a total transaction of $2,773,055.04. Following the sale, the executive vice president directly owned 103,991 shares of the company’s stock, valued at approximately $10,278,470.44. This represents a 21.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Scott C. Donnelly sold 219,619 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $98.41, for a total transaction of $21,612,705.79. Following the completion of the transaction, the chairman owned 742,418 shares in the company, valued at approximately $73,061,355.38. The trade was a 22.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 304,473 shares of company stock valued at $29,976,723 in the last ninety days. 1.70% of the stock is owned by insiders.

Institutional Trading of Textron

A number of institutional investors and hedge funds have recently made changes to their positions in TXT. Pure Financial Advisors LLC increased its position in Textron by 24.9% in the fourth quarter. Pure Financial Advisors LLC now owns 3,545 shares of the aerospace company’s stock worth $309,000 after buying an additional 707 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in shares of Textron by 6,367.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,811 shares of the aerospace company’s stock worth $158,000 after acquiring an additional 1,783 shares during the period. DGS Capital Management LLC bought a new stake in Textron in the 4th quarter valued at about $379,000. SG Trading Solutions LLC acquired a new position in Textron during the 4th quarter valued at about $355,000. Finally, Kera Capital Partners Inc. acquired a new position in Textron during the 4th quarter valued at about $282,000. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Textron Stock Performance

Textron stock opened at $95.01 on Wednesday. Textron has a 52 week low of $57.70 and a 52 week high of $101.57. The company has a current ratio of 1.97, a quick ratio of 0.99 and a debt-to-equity ratio of 0.49. The stock has a market cap of $16.55 billion, a P/E ratio of 18.59, a price-to-earnings-growth ratio of 1.46 and a beta of 0.95. The stock has a 50 day moving average of $94.14 and a 200-day moving average of $86.85.

Textron (NYSE:TXT) last posted its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $1.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.01). Textron had a net margin of 6.22% and a return on equity of 14.63%. The company had revenue of $4.18 billion during the quarter, compared to analyst estimates of $4.11 billion. During the same period in the prior year, the company earned $1.34 earnings per share. The company’s revenue was up 15.6% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, analysts expect that Textron will post 6.12 EPS for the current fiscal year.

Textron Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.02 per share. The ex-dividend date is Friday, March 13th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s payout ratio is presently 1.57%.

About Textron

Textron Inc is a global, multi-industry manufacturing company headquartered in Providence, Rhode Island. The company designs, manufactures and services a diverse range of products for the aerospace, defense and industrial markets. Textron operates through four primary business segments—Textron Aviation, Bell, Textron Systems and Industrial—each of which serves customers around the world.

Textron Aviation is known for its Cessna and Beechcraft branded business jets and turboprop aircraft, offering models that range from light jets and turboprops to larger cabin aircraft designed for corporate and charter use.