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

Shares of Textron Inc. (NYSE:TXT - Get Free Report) have earned an average recommendation of "Hold" from the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $89.33.

A number of equities research analysts have commented on the company. Morgan Stanley upped their price target on Textron from $71.00 to $86.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. UBS Group boosted their target price on shares of Textron from $62.00 to $63.00 and gave the company a "sell" rating in a research note on Monday, April 28th. Wall Street Zen raised Textron from a "buy" rating to a "strong-buy" rating in a report on Sunday, July 13th. Citigroup decreased their price objective on Textron from $111.00 to $107.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, Jefferies Financial Group restated a "buy" rating and set a $95.00 target price (up previously from $85.00) on shares of Textron in a research report on Thursday, June 12th.

Textron Price Performance

Shares of NYSE TXT opened at $84.65 on Tuesday. The company has a current ratio of 1.80, a quick ratio of 0.83 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $15.28 billion, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 1.38 and a beta of 1.17. The business has a 50 day simple moving average of $78.24 and a 200-day simple moving average of $74.41. Textron has a twelve month low of $57.70 and a twelve month high of $93.98.

Textron (NYSE:TXT - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The aerospace company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.17 by $0.11. The business had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.26 billion. Textron had a net margin of 5.98% and a return on equity of 14.77%. Textron's revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.20 EPS. As a group, equities research analysts expect that Textron will post 6.12 earnings per share for the current year.

Textron Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th were paid a $0.02 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.09%. Textron's dividend payout ratio (DPR) is currently 1.81%.

Institutional Investors Weigh In On Textron

Several large investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in Textron by 10.6% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,331 shares of the aerospace company's stock valued at $1,793,000 after purchasing an additional 2,138 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Textron by 24.4% during the second quarter. Robeco Institutional Asset Management B.V. now owns 656,573 shares of the aerospace company's stock valued at $52,716,000 after purchasing an additional 128,842 shares in the last quarter. Enclave Advisors LLC bought a new stake in shares of Textron in the 2nd quarter worth approximately $276,000. V Square Quantitative Management LLC lifted its stake in Textron by 33.6% during the 2nd quarter. V Square Quantitative Management LLC now owns 3,487 shares of the aerospace company's stock valued at $280,000 after acquiring an additional 876 shares during the period. Finally, Avior Wealth Management LLC purchased a new stake in Textron during the 2nd quarter valued at approximately $218,000. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

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.

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