Textron (NYSE:TXT) Sets New 1-Year Low - Here's What Happened

Key Points

• Textron shares hit a new 52-week low, falling to $78.12 and last trading around $78.97, below the 50-day and 200-day moving averages.
• Analyst sentiment remains mixed but leans moderately bullish: MarketBeat reports an average “Moderate Buy” rating and a $102.44 price target, despite recent target cuts and hold-rating changes.
• Textron exceeded quarterly expectations, reporting $1.62 in EPS and $3.83 billion in revenue, while revenue grew 3% year over year. The company also declared a quarterly dividend of $0.02 per share.

Textron Inc. (NYSE:TXT - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $78.12 and last traded at $78.9650, with a volume of 59384 shares traded. The stock had previously closed at $79.89.

Analyst Ratings Changes

TXT has been the topic of a number of analyst reports. TD Cowen decreased their price target on Textron from $115.00 to $105.00 and set a "hold" rating on the stock in a research note on Monday, July 13th. UBS Group reiterated a "neutral" rating and issued a $95.00 price objective on shares of Textron in a research report on Wednesday, July 29th. Weiss Ratings raised Textron from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, July 13th. Wall Street Zen cut shares of Textron from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, Morgan Stanley set a $98.00 price target on shares of Textron in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Textron currently has an average rating of "Moderate Buy" and an average price target of $102.44.

Textron Stock Down 0.6%

The firm has a 50 day moving average of $87.18 and a two-hundred day moving average of $90.02. The stock has a market capitalization of $13.66 billion, a PE ratio of 14.98, a P/E/G ratio of 1.16 and a beta of 0.90. 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 (NYSE:TXT - Get Free Report) last posted its earnings results on Tuesday, July 28th. The aerospace company reported $1.62 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.07. Textron had a return on equity of 14.30% and a net margin of 6.12%.The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the previous year, the business earned $1.55 earnings per share. Textron's quarterly revenue was up 3.0% compared to the same quarter last year. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. Equities research analysts anticipate that Textron Inc. will post 6.5 earnings per share for the current year.

Textron Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TXT. Nykredit A S acquired a new position in Textron in the 2nd quarter valued at about $2,948,000. Amundi boosted its holdings in Textron by 6.1% in the second quarter. Amundi now owns 135,965 shares of the aerospace company's stock valued at $12,472,000 after acquiring an additional 7,787 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of Textron by 1.5% in the 2nd quarter. HighTower Advisors LLC now owns 35,311 shares of the aerospace company's stock valued at $3,239,000 after purchasing an additional 514 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Textron during the second quarter valued at approximately $35,958,000. Finally, California State Teachers Retirement System lifted its position in 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 in the last quarter. 86.03% of the stock is currently owned by institutional investors and hedge funds.

Textron Company Profile

Textron Inc NYSE: TXT is a diversified industrial company that develops and manufactures aircraft, defense systems, specialized vehicles, and industrial products. Its portfolio includes businesses serving the aviation, defense, aerospace, and commercial sectors, with operations and customers in the United States and international markets.

Textron Aviation produces business jets, turboprop aircraft, and general aviation aircraft under brands including Beechcraft, Cessna, and Hawker. Bell designs and manufactures military and commercial helicopters, tiltrotor aircraft, and related support services.

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