Textron Inc. (NYSE:TXT) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Textron Inc. has received a consensus recommendation of "Hold" from analysts, with seven firms recommending hold and six firms issuing buy ratings.
• The stock recently reported an earnings per share (EPS) of $1.55, exceeding expectations, and had a revenue of $3.72 billion for the quarter.
• Textron declared a quarterly dividend of $0.02, resulting in an annualized dividend yield of 0.1%.

Textron Inc. (NYSE:TXT - Get Free Report) has been given a consensus recommendation of "Hold" by the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $92.4545.

TXT has been the subject of a number of recent research reports. UBS Group upgraded Textron from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $73.00 to $88.00 in a research note on Monday, July 28th. Susquehanna boosted their price target on Textron from $90.00 to $95.00 and gave the stock a "positive" rating in a research note on Friday, July 25th. Morgan Stanley boosted their price target on Textron from $71.00 to $86.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. The Goldman Sachs Group restated a "neutral" rating and issued a $85.00 price target (down previously from $95.00) on shares of Textron in a research note on Tuesday, July 1st. Finally, Wall Street Zen cut Textron from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 20th.

Textron Stock Up 0.7%

Shares of NYSE:TXT opened at $86.92 on Friday. The stock has a fifty day simple moving average of $80.92 and a two-hundred day simple moving average of $76.76. The stock has a market capitalization of $15.49 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 1.42 and a beta of 1.13. Textron has a 12-month low of $57.70 and a 12-month high of $91.30. The company has a current ratio of 1.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.45.

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

Textron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th were paid a $0.02 dividend. The ex-dividend date was Friday, September 12th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Textron's payout ratio is currently 1.81%.

Insider Buying and Selling at Textron

In other news, EVP Julie G. Duffy sold 28,543 shares of the business's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $79.37, for a total value of $2,265,457.91. Following the completion of the transaction, the executive vice president owned 37,624 shares in the company, valued at $2,986,216.88. The trade was a 43.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is owned by corporate insiders.

Institutional Trading of Textron

A number of hedge funds have recently bought and sold shares of TXT. AQR Capital Management LLC increased its position in Textron by 144.1% during the second quarter. AQR Capital Management LLC now owns 2,664,612 shares of the aerospace company's stock valued at $213,942,000 after acquiring an additional 1,573,206 shares during the last quarter. Nuveen LLC purchased a new stake in Textron during the first quarter valued at $89,403,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Textron during the second quarter valued at $66,446,000. Adage Capital Partners GP L.L.C. increased its position in Textron by 270.7% during the second quarter. Adage Capital Partners GP L.L.C. now owns 1,005,843 shares of the aerospace company's stock valued at $80,759,000 after acquiring an additional 734,478 shares during the last quarter. Finally, Millennium Management LLC increased its position in Textron by 128.7% during the first quarter. Millennium Management LLC now owns 1,113,026 shares of the aerospace company's stock valued at $80,416,000 after acquiring an additional 626,346 shares during the last quarter. Hedge funds and other institutional investors own 86.03% of the company's stock.

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.

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