Textron Inc. (NYSE:TXT) Receives $100.90 Consensus PT from Analysts

Textron Inc. (NYSE:TXT) has earned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $100.90.

A number of analysts recently issued reports on TXT shares. Robert W. Baird lowered their target price on Textron from $109.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Barclays lowered their price objective on shares of Textron from $104.00 to $95.00 and set an “overweight” rating for the company in a research report on Monday, December 23rd. UBS Group cut their price objective on shares of Textron from $87.00 to $79.00 and set a “sell” rating on the stock in a research report on Friday, October 25th. StockNews.com cut Textron from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 12th. Finally, TD Cowen upgraded Textron to a “hold” rating in a report on Thursday, December 19th.

Textron Price Performance

Shares of TXT stock opened at $75.73 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.83 and a debt-to-equity ratio of 0.46. Textron has a 12-month low of $75.09 and a 12-month high of $97.33. The firm has a fifty day moving average of $82.01 and a 200-day moving average of $85.78. The firm has a market capitalization of $14.05 billion, a price-to-earnings ratio of 16.64, a price-to-earnings-growth ratio of 1.46 and a beta of 1.27.

Textron (NYSE:TXT) last posted its earnings results on Thursday, October 24th. The aerospace company reported $1.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.09). Textron had a net margin of 6.30% and a return on equity of 16.02%. The business had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same period in the previous year, the firm posted $1.49 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. On average, equities research analysts forecast that Textron will post 5.52 earnings per share for the current year.

Textron Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Friday, December 13th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date of this dividend was Friday, December 13th. Textron’s dividend payout ratio is currently 1.76%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC boosted its holdings in shares of Textron by 4.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 39,838 shares of the aerospace company’s stock valued at $3,421,000 after buying an additional 1,566 shares during the last quarter. Rhumbline Advisers lifted its stake in Textron by 9.4% in the second quarter. Rhumbline Advisers now owns 384,401 shares of the aerospace company’s stock valued at $33,005,000 after acquiring an additional 32,876 shares during the last quarter. Foundations Investment Advisors LLC grew its position in shares of Textron by 7.9% in the 2nd quarter. Foundations Investment Advisors LLC now owns 3,382 shares of the aerospace company’s stock valued at $290,000 after acquiring an additional 249 shares during the period. TD Asset Management Inc increased its stake in shares of Textron by 3.2% during the 2nd quarter. TD Asset Management Inc now owns 1,087,342 shares of the aerospace company’s stock worth $93,359,000 after purchasing an additional 33,394 shares during the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of Textron by 20.3% in the 2nd quarter. National Bank of Canada FI now owns 55,450 shares of the aerospace company’s stock valued at $4,733,000 after purchasing an additional 9,356 shares during the period. 86.03% of the stock is owned by institutional investors and hedge funds.

Textron Company Profile

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts.