Analysts Set Textron Inc. (NYSE:TXT) Target Price at $102.80

Shares of Textron Inc. (NYSE:TXT) have received an average recommendation of “Hold” from the twelve research firms that are covering the stock, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $104.30.

TXT has been the subject of several analyst reports. Weiss Ratings lowered shares of Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 26th. Wall Street Zen lowered shares of Textron from a “buy” rating to a “hold” rating in a research note on Sunday. Citigroup increased their target price on shares of Textron from $97.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. UBS Group raised their target price on shares of Textron from $99.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Morgan Stanley set a $109.00 price target on shares of Textron in a report on Monday, May 4th.

Textron Trading Down 1.6%

TXT opened at $89.41 on Tuesday. The firm has a market cap of $15.55 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 1.36 and a beta of 0.90. The company has a current ratio of 1.84, a quick ratio of 0.87 and a debt-to-equity ratio of 0.43. Textron has a 12 month low of $75.80 and a 12 month high of $101.57. The stock has a fifty day moving average price of $91.08 and a 200-day moving average price of $91.89.

Textron (NYSE:TXT) last issued its quarterly earnings data on Thursday, April 30th. The aerospace company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.15. Textron had a return on equity of 14.56% and a net margin of 6.15%.The firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.50 billion. During the same period in the prior year, the business posted $1.28 EPS. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, equities research analysts anticipate that Textron will post 6.6 earnings per share for the current fiscal year.

Textron Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Friday, June 12th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, June 12th. Textron’s payout ratio is 1.53%.

Insider Activity

In other Textron news, Director Thomas A. Kennedy bought 10,300 shares of Textron stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average cost of $95.98 per share, with a total value of $988,594.00. Following the transaction, the director directly owned 20,162 shares of the company’s stock, valued at approximately $1,935,148.76. This represents a 104.44% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director R Kerry Clark sold 2,517 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $93.09, for a total value of $234,307.53. Following the completion of the sale, the director owned 8,611 shares of the company’s stock, valued at approximately $801,597.99. This trade represents a 22.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Textron

Several hedge funds and other institutional investors have recently modified their holdings of TXT. Activest Wealth Management increased its stake in Textron by 3,255.6% during the 4th quarter. Activest Wealth Management now owns 302 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 293 shares in the last quarter. Wilkerson Advisory Group LLC acquired a new stake in shares of Textron during the fourth quarter worth $26,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Textron during the first quarter valued at $29,000. Elyxium Wealth LLC purchased a new stake in shares of Textron during the fourth quarter valued at $30,000. Finally, Strive Financial Group LLC acquired a new position in shares of Textron in the 4th quarter valued at $31,000. 86.03% of the stock is owned by hedge funds and other institutional investors.

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.