Shares of Textron Inc. (NYSE:TXT) have been given a consensus rating of “Hold” by the thirteen brokerages that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $58.70.

Several analysts have weighed in on the company. Cowen reaffirmed a “buy” rating and set a $70.00 price objective on shares of Textron in a research report on Monday. ValuEngine raised Textron from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Jefferies Group reaffirmed a “buy” rating and set a $60.00 price objective on shares of Textron in a research report on Tuesday, September 26th. Stephens reaffirmed an “equal weight” rating and set a $63.00 price objective (up from $54.00) on shares of Textron in a research report on Friday, October 13th. Finally, Zacks Investment Research raised Textron from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th.

Institutional investors and hedge funds have recently modified their holdings of the company. Eaton Vance Management raised its holdings in Textron by 26.1% in the 2nd quarter. Eaton Vance Management now owns 280,815 shares of the aerospace company’s stock worth $13,226,000 after acquiring an additional 58,080 shares during the last quarter. Rhumbline Advisers raised its holdings in Textron by 0.6% in the 3rd quarter. Rhumbline Advisers now owns 416,185 shares of the aerospace company’s stock worth $22,424,000 after acquiring an additional 2,391 shares during the last quarter. First Trust Advisors LP raised its holdings in Textron by 1.0% in the 3rd quarter. First Trust Advisors LP now owns 904,301 shares of the aerospace company’s stock worth $48,724,000 after acquiring an additional 9,022 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Textron by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,604,911 shares of the aerospace company’s stock worth $194,233,000 after acquiring an additional 32,525 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in Textron by 20.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 22,472 shares of the aerospace company’s stock worth $1,058,000 after acquiring an additional 3,776 shares during the last quarter. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

Textron (TXT) traded down $0.15 during trading on Tuesday, reaching $58.35. The company’s stock had a trading volume of 1,237,500 shares, compared to its average volume of 1,397,900. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.96 and a current ratio of 2.08. The company has a market cap of $15,370.00, a PE ratio of 25.15, a price-to-earnings-growth ratio of 2.37 and a beta of 1.57. Textron has a fifty-two week low of $43.66 and a fifty-two week high of $58.71.

Textron (NYSE:TXT) last posted its quarterly earnings data on Thursday, October 19th. The aerospace company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.03. The business had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.55 billion. Textron had a return on equity of 12.02% and a net margin of 4.48%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 EPS. equities analysts forecast that Textron will post 2.47 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, January 1st. Stockholders of record on Friday, December 15th were given a $0.02 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.14%. Textron’s dividend payout ratio is currently 3.45%.

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About Textron

Textron Inc is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services across the world. The Company operates through five segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. The Textron Aviation segment is engaged in general aviation.

Analyst Recommendations for Textron (NYSE:TXT)

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