Analysts Set Textron Inc. (NYSE:TXT) PT at $87.70

Shares of Textron Inc. (NYSE:TXT - Get Free Report) have earned a consensus rating of "Hold" from the ten research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $87.70.

TXT has been the topic of several recent analyst reports. TD Cowen upgraded Textron to a "hold" rating in a report on Monday, February 24th. Morgan Stanley cut their price objective on Textron from $82.00 to $71.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Citigroup lowered their price target on Textron from $111.00 to $107.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, UBS Group boosted their target price on Textron from $62.00 to $63.00 and gave the stock a "sell" rating in a report on Monday, April 28th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC increased its stake in shares of Textron by 85.1% in the fourth quarter. SG Americas Securities LLC now owns 5,735 shares of the aerospace company's stock valued at $439,000 after buying an additional 2,636 shares during the period. Exchange Traded Concepts LLC raised its holdings in Textron by 8.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 2,672 shares of the aerospace company's stock worth $204,000 after purchasing an additional 199 shares during the last quarter. Blue Trust Inc. raised its holdings in Textron by 36.1% during the 4th quarter. Blue Trust Inc. now owns 2,606 shares of the aerospace company's stock worth $199,000 after purchasing an additional 691 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Textron by 19.3% during the 4th quarter. Pacer Advisors Inc. now owns 16,555 shares of the aerospace company's stock worth $1,266,000 after purchasing an additional 2,679 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Textron by 44.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,390 shares of the aerospace company's stock worth $1,343,000 after purchasing an additional 5,367 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company's stock.

Textron Trading Down 0.1%

TXT traded down $0.05 during midday trading on Monday, reaching $74.44. 36,108 shares of the company were exchanged, compared to its average volume of 1,214,565. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.84 and a current ratio of 1.76. Textron has a one year low of $57.70 and a one year high of $94.57. The stock has a market capitalization of $13.44 billion, a P/E ratio of 17.27, a PEG ratio of 1.18 and a beta of 1.20. The stock's 50-day simple moving average is $70.08 and its 200 day simple moving average is $74.68.

Textron (NYSE:TXT - Get Free Report) last issued its earnings results on Thursday, April 24th. The aerospace company reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.17 by $0.11. Textron had a return on equity of 14.92% and a net margin of 6.01%. The firm had revenue of $3.31 billion for the quarter, compared to analysts' expectations of $3.26 billion. During the same quarter last year, the business earned $1.20 earnings per share. The company's revenue was up 5.5% compared to the same quarter last year. As a group, analysts forecast that Textron will post 6.12 earnings per share for the current fiscal year.

Textron Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.08 annualized dividend and a yield of 0.11%. Textron's dividend payout ratio is 1.81%.

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.