Textron Inc. (NYSE:TXT) Given Consensus Rating of “Moderate Buy” by Brokerages

Textron Inc. (NYSE:TXT) has been given an average recommendation of “Moderate Buy” by the ten brokerages that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $102.4444.

Several equities research analysts have recently commented on the company. Wall Street Zen downgraded Textron from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. JPMorgan Chase & Co. upped their price target on shares of Textron from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Weiss Ratings raised shares of Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Morgan Stanley set a $98.00 price objective on shares of Textron in a research note on Wednesday, July 29th. Finally, UBS Group reiterated a “neutral” rating and issued a $95.00 target price on shares of Textron in a research note on Wednesday, July 29th.

Textron Price Performance

NYSE:TXT opened at $89.36 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 stock’s 50-day simple moving average is $90.57 and its 200 day simple moving average is $91.79. The company has a market cap of $15.37 billion, a P/E ratio of 16.86, a P/E/G ratio of 1.28 and a beta of 0.91. Textron has a 52-week low of $76.93 and a 52-week high of $101.57.

Textron (NYSE:TXT) last released its 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. Textron had a return on equity of 14.30% and a net margin of 6.12%.The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same quarter in the prior year, the company posted $1.55 earnings per share. Textron’s revenue was up 3.0% on a year-over-year basis. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, sell-side analysts forecast that Textron will post 6.5 EPS for the current fiscal year.

Textron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, September 11th. Textron’s dividend payout ratio (DPR) is presently 1.51%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TXT. BlackRock Inc. bought a new stake in Textron in the 2nd quarter valued at $1,434,125,000. State Street Corp boosted its position in Textron by 2.6% during the fourth quarter. State Street Corp now owns 9,464,324 shares of the aerospace company’s stock worth $825,193,000 after purchasing an additional 244,017 shares during the period. Invesco Ltd. increased its holdings in shares of Textron by 1.7% in the third quarter. Invesco Ltd. now owns 8,270,901 shares of the aerospace company’s stock valued at $698,808,000 after purchasing an additional 140,713 shares during the last quarter. Boston Partners raised its position in shares of Textron by 0.9% in the third quarter. Boston Partners now owns 7,257,533 shares of the aerospace company’s stock valued at $613,327,000 after purchasing an additional 66,747 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Textron by 51.1% in the fourth quarter. AQR Capital Management LLC now owns 5,357,182 shares of the aerospace company’s stock valued at $466,986,000 after purchasing an additional 1,811,787 shares during the period. 86.03% of the stock is owned by institutional investors and hedge funds.

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.