Textron Inc. (NYSE:TXT) Receives Consensus Rating of "Hold" from Analysts

Shares of Textron Inc. (NYSE:TXT - Get Free Report) have been given a consensus recommendation of "Hold" by the ten brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $87.70.

Several brokerages have recently commented on TXT. Robert W. Baird decreased their target price on Textron from $100.00 to $92.00 and set an "outperform" rating on the stock in a report on Thursday, January 23rd. Susquehanna decreased their price target on shares of Textron from $100.00 to $90.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. Citigroup dropped their price objective on shares of Textron from $111.00 to $107.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. UBS Group upped their price target on Textron from $62.00 to $63.00 and gave the stock a "sell" rating in a research report on Monday, April 28th. Finally, Morgan Stanley reduced their price target on Textron from $82.00 to $71.00 and set an "equal weight" rating for the company in a research report on Friday, April 11th.

Textron Stock Performance

NYSE TXT opened at $70.05 on Thursday. The firm has a market capitalization of $12.65 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 1.18 and a beta of 1.20. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.76 and a quick ratio of 0.84. Textron has a 52-week low of $57.70 and a 52-week high of $94.57. The company's fifty day moving average is $69.77 and its two-hundred day moving average is $76.12.

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 the consensus estimate of $1.17 by $0.11. Textron had a return on equity of 14.92% and a net margin of 6.01%. The company had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period in the prior year, the company posted $1.20 EPS. The company's revenue was up 5.5% compared to the same quarter last year. Equities research analysts forecast that Textron will post 6.12 EPS for the current year.

Textron Announces Dividend

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

Insider Buying and Selling at Textron

In other Textron news, VP Mark S. Bamford sold 5,451 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $72.68, for a total transaction of $396,178.68. Following the sale, the vice president now owns 18,223 shares of the company's stock, valued at approximately $1,324,447.64. This trade represents a 23.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new stake in Textron in the fourth quarter valued at $31,000. Eastern Bank purchased a new position in Textron during the fourth quarter valued at approximately $42,000. Optiver Holding B.V. acquired a new position in Textron in the fourth quarter valued at approximately $56,000. MassMutual Private Wealth & Trust FSB boosted its position in Textron by 123.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 842 shares of the aerospace company's stock worth $61,000 after purchasing an additional 465 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Textron during the 4th quarter worth approximately $63,000. Hedge funds and other institutional investors own 86.03% of the company's stock.

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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