Analysts Set Textron Inc. (NYSE:TXT) Target Price at $91.25

Shares of Textron Inc. (NYSE:TXT) have earned an average recommendation of “Hold” from the thirteen analysts that are currently covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $96.3333.

A number of brokerages have issued reports on TXT. Weiss Ratings upgraded Textron from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Jefferies Financial Group reaffirmed a “buy” rating and issued a $115.00 price target on shares of Textron in a research report on Thursday. Susquehanna reissued a “positive” rating and set a $110.00 price objective on shares of Textron in a research report on Thursday. Sanford C. Bernstein restated a “market perform” rating and set a $94.00 price objective on shares of Textron in a research note on Tuesday, January 6th. Finally, Wall Street Zen raised shares of Textron from a “buy” rating to a “strong-buy” rating in a report on Monday, October 27th.

Institutional Trading of Textron

A number of institutional investors and hedge funds have recently modified their holdings of the business. Callan Family Office LLC lifted its position in Textron by 133.1% during the second quarter. Callan Family Office LLC now owns 7,863 shares of the aerospace company’s stock valued at $631,000 after purchasing an additional 4,490 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in Textron by 6.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 695,962 shares of the aerospace company’s stock worth $58,802,000 after buying an additional 39,389 shares in the last quarter. Baxter Bros Inc. raised its stake in shares of Textron by 45.8% in the third quarter. Baxter Bros Inc. now owns 39,865 shares of the aerospace company’s stock worth $3,368,000 after buying an additional 12,530 shares during the period. Ethic Inc. lifted its position in shares of Textron by 9.4% during the 2nd quarter. Ethic Inc. now owns 4,312 shares of the aerospace company’s stock valued at $346,000 after buying an additional 372 shares in the last quarter. Finally, Enclave Advisors LLC bought a new position in shares of Textron during the 2nd quarter valued at approximately $276,000. Institutional investors own 86.03% of the company’s stock.

Textron Trading Down 0.8%

NYSE:TXT opened at $93.44 on Tuesday. The firm has a market capitalization of $16.47 billion, a P/E ratio of 20.54, a PEG ratio of 1.41 and a beta of 1.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.84 and a quick ratio of 0.86. Textron has a one year low of $57.70 and a one year high of $94.88. The company’s 50-day simple moving average is $86.14 and its 200 day simple moving average is $83.24.

Textron (NYSE:TXT) last issued its quarterly earnings results on Thursday, October 23rd. The aerospace company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.08. The firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.70 billion. Textron had a return on equity of 14.16% and a net margin of 5.81%.The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.40 EPS. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, analysts forecast that Textron will post 6.12 EPS for the current fiscal year.

Textron Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 1st. Investors of record on Friday, December 12th were given a $0.02 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.08 annualized dividend and a yield of 0.1%. Textron’s dividend payout ratio is 1.76%.

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.