Textron Inc. (NYSE:TXT) Receives $92.67 Consensus PT from Brokerages

Key Points

• Textron Inc. has received a consensus rating of "Moderate Buy" from twelve brokerages, with an average twelve-month target price of $92.67.
• The company reported a net margin of 5.80% and a revenue increase of 5.4% year-over-year, achieving $3.72 billion for the latest quarter.
• Textron declared a quarterly dividend of $0.02, with an annualized yield of 0.1%, set to be paid on October 1st to shareholders of record on September 12th.

Shares of Textron Inc. (NYSE:TXT - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twelve analysts that are currently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $92.6667.

Several brokerages have commented on TXT. UBS Group upgraded shares of Textron from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $73.00 to $88.00 in a research report on Monday, July 28th. Morgan Stanley boosted their price objective on shares of Textron from $71.00 to $86.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Susquehanna boosted their price objective on shares of Textron from $90.00 to $95.00 and gave the company a "positive" rating in a research report on Friday, July 25th. Barclays boosted their price objective on shares of Textron from $95.00 to $105.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $85.00 price objective (down from $95.00) on shares of Textron in a research report on Tuesday, July 1st.

Insider Buying and Selling at Textron

In other Textron news, EVP Julie G. Duffy sold 28,543 shares of the business's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $79.37, for a total transaction of $2,265,457.91. Following the sale, the executive vice president owned 37,624 shares of the company's stock, valued at approximately $2,986,216.88. The trade was a 43.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.70% of the company's stock.

Institutional Trading of Textron

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Banque Cantonale Vaudoise bought a new stake in shares of Textron in the first quarter worth $25,000. Assetmark Inc. raised its holdings in shares of Textron by 191.9% during the second quarter. Assetmark Inc. now owns 324 shares of the aerospace company's stock valued at $26,000 after purchasing an additional 213 shares during the period. Atlantic Union Bankshares Corp acquired a new position in shares of Textron during the second quarter valued at about $27,000. Harvest Fund Management Co. Ltd raised its holdings in shares of Textron by 100.0% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 524 shares of the aerospace company's stock worth $39,000 after acquiring an additional 262 shares during the last quarter. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Textron in the 1st quarter worth about $41,000. Institutional investors own 86.03% of the company's stock.

Textron Price Performance

Shares of NYSE TXT traded down $0.96 during midday trading on Wednesday, reaching $81.29. The company's stock had a trading volume of 984,901 shares, compared to its average volume of 1,130,967. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.84 and a current ratio of 1.84. Textron has a fifty-two week low of $57.70 and a fifty-two week high of $91.30. The business's 50 day moving average price is $80.93 and its two-hundred day moving average price is $75.71. The company has a market cap of $14.49 billion, a P/E ratio of 18.39, a P/E/G ratio of 1.33 and a beta of 1.14.

Textron (NYSE:TXT - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The aerospace company reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.10. Textron had a net margin of 5.80% and a return on equity of 14.26%. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the previous year, the business earned $1.54 earnings per share. The firm's quarterly revenue was up 5.4% on a year-over-year basis. Textron has set its FY 2025 guidance at 6.000-6.200 EPS. On average, analysts forecast that Textron will post 6.12 EPS for the current fiscal year.

Textron Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, September 12th. Textron's payout ratio is presently 1.81%.

About Textron

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.