Analysts Set Textron Inc. (NYSE:TXT) Price Target at $102.44

Textron Inc. (NYSE:TXT) has been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $102.4444.

TXT has been the topic of a number of analyst reports. Wall Street Zen downgraded Textron from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. JPMorgan Chase & Co. increased their price target on Textron from $90.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. UBS Group reissued a “neutral” rating and set a $95.00 target price on shares of Textron in a report on Wednesday, July 29th. Jefferies Financial Group reissued a “buy” rating on shares of Textron in a research note on Sunday, May 3rd. Finally, TD Cowen cut their price target on shares of Textron from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, July 13th.

Textron Stock Performance

Shares of TXT opened at $83.19 on Wednesday. The firm has a fifty day simple moving average of $88.74 and a 200 day simple moving average of $91.11. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.43. Textron has a 12 month low of $78.12 and a 12 month high of $101.57. The stock has a market capitalization of $14.31 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 1.20 and a beta of 0.91.

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

Textron Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be issued a dividend of $0.02 per share. The ex-dividend date is 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

Several large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its position in shares of Textron by 10,479.0% during the second quarter. California State Teachers Retirement System now owns 24,248,550 shares of the aerospace company’s stock valued at $2,224,319,000 after buying an additional 24,019,337 shares during the period. BlackRock Inc. purchased a new stake in shares of Textron during the second quarter valued at approximately $1,434,125,000. AQR Capital Management LLC raised its position in Textron by 51.1% during the 4th 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 last quarter. Primecap Management Co. CA purchased a new stake in shares of Textron in the 2nd quarter worth about $111,723,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Textron in the 2nd quarter valued at approximately $105,946,000. Hedge funds and other institutional investors own 86.03% of the company’s stock.

Textron Company Profile

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.