S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
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How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
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AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Dozens of animals taken from Virginia roadside zoo as part of investigation
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Dozens of animals taken from Virginia roadside zoo as part of investigation
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Dozens of animals taken from Virginia roadside zoo as part of investigation
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Military-themed brewery wants to open in a big Navy town. An ex-SEAL is getting in the way
AP PHOTOS: Moscow hosts a fashion forum with designers from Brazil, China, India and South Africa

Textron Stock Price, News & Analysis (NYSE:TXT)

$75.93
-0.32 (-0.42%)
(As of 12/8/2023 ET)
Compare
Today's Range
$75.70
$76.67
50-Day Range
$74.36
$79.88
52-Week Range
$61.27
$81.39
Volume
1.12 million shs
Average Volume
1.13 million shs
Market Capitalization
$14.88 billion
P/E Ratio
16.36
Dividend Yield
0.11%
Price Target
$84.71

Textron MarketRank™ Stock Analysis

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
11.6% Upside
$84.71 Price Target
Short Interest
Bearish
2.83% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.81
Upright™ Environmental Score
News Sentiment
0.64mentions of Textron in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$702,410 Sold Last Quarter
Proj. Earnings Growth
5.29%
From $5.48 to $5.77 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.91 out of 5 stars

Aerospace Sector

20th out of 42 stocks

Aircraft & Parts Industry

1st out of 3 stocks


TXT stock logo

About Textron Stock (NYSE:TXT)

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. Its Bell segment supplies military and commercial helicopters, tiltrotor aircrafts, and related spare parts and services. The Textron Systems segment offers unmanned aircraft systems, electronic systems and solutions, advanced marine crafts, piston aircraft engines, live military air-to-air and air-to-ship training, weapons and related components, and armored and specialty vehicles. Its Industrial segment offers blow-molded solutions, including conventional plastic fuel tanks and pressurized fuel tanks for hybrid vehicle applications, clear-vision systems, plastic tanks for catalytic reduction systems, and battery housing systems for use in electric vehicles primarily to automobile original equipment manufacturers (OEMs); and golf cars, off-road utility vehicles, recreational side-by-side and all-terrain vehicles, snowmobiles, light transportation vehicles, aviation ground support equipment, professional turf-maintenance equipment, and turf-care vehicles to golf courses and resorts, government agencies and municipalities, consumers, outdoor enthusiasts, and commercial and industrial users. The Textron eAviation segment manufactures and sells light aircraft and gliders with electric and combustion engines; and provides other research and development initiatives related to sustainable aviation solutions. Its Finance segment offers financing services to purchase new and pre-owned aircraft and Bell helicopters. The company was founded in 1923 and is headquartered in Providence, Rhode Island.

TXT Stock Price History

TXT Stock News Headlines

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Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Reviewing Textron (NYSE:TXT) and Austal (OTCMKTS:AUTLF)
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology
Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Textron to cut jobs in a restructuring plan
Textron to cut 725 jobs as part of restructuring plan
Textron to Cut 2% of Workforce in Restructuring
See More Headlines
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Company Calendar

Ex-Dividend for 10/1 Dividend
9/14/2023
Dividend Payable
10/01/2023
Last Earnings
10/26/2023
Today
12/10/2023
Ex-Dividend for 1/1 Dividend
12/14/2023
Fiscal Year End
12/31/2023
Dividend Payable
1/01/2024
Next Earnings (Estimated)
1/24/2024

Industry, Sector and Symbol

Industry
Aircraft & parts
Sub-Industry
Aerospace & Defense
Sector
Aerospace
CUSIP
88320310
Employees
34,000
Year Founded
1923

Price Target and Rating

Average Stock Price Target
$84.71
High Stock Price Target
$95.00
Low Stock Price Target
$70.00
Potential Upside/Downside
+11.6%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
8 Analysts

Profitability

Net Income
$861 million
Pretax Margin
8.30%

Debt

Sales & Book Value

Annual Sales
$12.87 billion
Cash Flow
$6.03 per share
Book Value
$34.07 per share

Miscellaneous

Free Float
192,673,000
Market Cap
$14.88 billion
Optionable
Optionable
Beta
1.35

Social Links

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Key Executives















TXT Stock Analysis - Frequently Asked Questions

Should I buy or sell Textron stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Textron in the last year. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" TXT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TXT, but not buy additional shares or sell existing shares.
View TXT analyst ratings
or view top-rated stocks.

What is Textron's stock price target for 2024?

8 brokers have issued twelve-month price targets for Textron's stock. Their TXT share price targets range from $70.00 to $95.00. On average, they predict the company's stock price to reach $84.71 in the next twelve months. This suggests a possible upside of 11.6% from the stock's current price.
View analysts price targets for TXT
or view top-rated stocks among Wall Street analysts.

How have TXT shares performed in 2023?

Textron's stock was trading at $70.80 at the beginning of the year. Since then, TXT shares have increased by 7.2% and is now trading at $75.93.
View the best growth stocks for 2023 here
.

When is Textron's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 24th 2024.
View our TXT earnings forecast
.

How were Textron's earnings last quarter?

Textron Inc. (NYSE:TXT) posted its quarterly earnings data on Thursday, October, 26th. The aerospace company reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.27 by $0.22. The aerospace company had revenue of $3.34 billion for the quarter, compared to analysts' expectations of $3.48 billion. Textron had a trailing twelve-month return on equity of 14.70% and a net margin of 7.07%. The firm's revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.06 EPS.
Read the conference call transcript
.

How often does Textron pay dividends? What is the dividend yield for Textron?

Textron announced a quarterly dividend on Wednesday, October 25th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.02 per share on Monday, January 1st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date of this dividend is Thursday, December 14th.
Read our dividend analysis for TXT
.

Is Textron a good dividend stock?

Textron (NYSE:TXT) pays an annual dividend of $0.08 per share and currently has a dividend yield of 0.11%. The dividend payout ratio is 1.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TXT will have a dividend payout ratio of 1.39% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TXT.

What guidance has Textron issued on next quarter's earnings?

Textron updated its FY23 earnings guidance on Thursday, October, 26th. The company provided earnings per share guidance of $5.45-5.55 for the period, compared to the consensus estimate of $5.32.

What is Scott C. Donnelly's approval rating as Textron's CEO?

206 employees have rated Textron Chief Executive Officer Scott C. Donnelly on Glassdoor.com. Scott C. Donnelly has an approval rating of 79% among the company's employees.

What other stocks do shareholders of Textron own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Textron investors own include Bank of America (BAC), Intelsat (I), Micron Technology (MU), NVIDIA (NVDA), Cisco Systems (CSCO), AT&T (T), Intel (INTC), Walt Disney (DIS), AMC Entertainment (AMC) and Ciena (CIEN).

Who are Textron's major shareholders?

Textron's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Invesco Ltd. (3.52%), Boston Partners (3.51%), Victory Capital Management Inc. (3.45%), JPMorgan Chase & Co. (2.93%), Primecap Management Co. CA (2.75%) and LSV Asset Management (1.67%). Insiders that own company stock include E Robert Lupone, Frank T Connor, Kathleen M Bader, Mark S Bamford, R Kerry Clark and Scott C Donnelly.
View institutional ownership trends
.

How do I buy shares of Textron?

Shares of TXT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

Does Textron have any subsidiaries?
The following companies are subsidiares of Textron: AAI Corporation, AAI Services Corporation, ALSTOM Gears, Able Aerospace, Able Aerospace Services Inc., Able Engineering & Component Services, Aeronautical Accessories LLC, Airborne Tactical Advantage Company LLC, Arctic Cat, Arctic Cat ACE Holding GmbH, Arctic Cat France SARL, Arctic Cat GmbH, Arctic Cat Inc., Arctic Cat Production LLC, Arctic Cat Production Support LLC, Arctic Cat Sales Inc., Arctic Cat Shared Services LLC, Arctic Cat UK Ltd., Arkansas Aerospace Inc., Avco Corporation, Aviation Service servis letal doo, Aylesbury Automation, B/K Navigational Equipment sro, BELL TEXTRON ASIA (PTE.) LTD., Beech Aircraft Corporation, Beech Holdings, Beechcraft Defense Support Holding LLC, Beechcraft Domestic Service Company, Beechcraft Germany GmbH, Beechcraft International Holding LLC, Beechcraft International Service Company, Beechcraft New Zealand, Bell Textron Canada International Inc., Bell Textron Canada Limited, Bell Textron Co. Ltd, Bell Textron Inc., Bell Textron Korea Inc., Bell Textron LLC, Bell Textron Miami Inc., Bell Textron Prague a.s., Bell Textron Rhode Island Inc., Bell Textron Services Inc., Bell Textron Supply Center BV, Bell Textron Technical Services Inc., Benzlers, Brazaco Mapri Industrias, Burkland, Cessna Aircraft Company, Cessna Citation European Service Center SAS, Cessna Düsseldorf Citation Service Center GmbH, Cessna Finance Corporation, Cessna Finance Export Corporation, Cessna Mexico S de RL de CV, Cessna Spanish Citation Service Center SLU, Cessna Zurich Citation Service Center GmbH, Citation Parts Distribution International Inc., Cushman Inc., Datacom Technologies, David Brown Group, Doncaster Citation Service Centre Limited, E-Z-GO Canada Limited, Energy Manufacturing, Flexalloy, HBC LLC, Hawker Beech de Mexico S de RL de CV, Hawker Beechcraft Argentina SA, Howe & Howe Inc., Howe and Howe Technologies, Industrial Technology Inc., InteSys Technologies, International Product Support Inc., KSB Annecy SAS, Kautex (Changchun) Plastics Technology Co. Ltd., Kautex (Chongqing) Plastic Technology Co. Ltd., Kautex (Guangzhou) Plastic Technology Co. Ltd., Kautex (Pinghu) Plastic Technology Co. Ltd., Kautex (Shanghai) Plastic Technology Co. Ltd., Kautex (Wuhan) Plastic Technology Co. Ltd., Kautex Corporation, Kautex Craiova srl, Kautex Germany Holding GmbH, Kautex Inc., Kautex Japan KK, Kautex Shanghai GmbH, Kautex Textron (UK) Limited, Kautex Textron Benelux BVBA, Kautex Textron Bohemia spol sro, Kautex Textron CVS Limited, Kautex Textron GmbH & Co. KG, Kautex Textron Ibérica SL, Kautex Textron Management Services Company de Puebla S. de RL de CV, Kautex Textron de Mexico S de RL de CV, Kautex Textron do Brasil Ltda., Kautex of Georgia Inc., Kaywood Products Corp., Klauke, LCI Corporation International, LLC Textron RUS, Maag, McCord Corporation, Mechtronix, Medical Numerics Inc., Midland Industrial Plastics, MillenWorks, MillenWorks Themed Technologies, MotorFist LLC, OPINICUS Simulation and Training Services LLC, OmniQuip International, Opinicus, Optical Boring Co., Opto-Electronics, Opto-Electronics Inc., Overwatch Systems Ltd., PEINER Umformtechnik, Pipistrel, Pirelli Tyres - General Rubber Goods (GRG) division, Premiair Aviation Maintenance Pty Ltd, Produtos Plásticos Sociedade Unipessoal Lda., Progressive Electronics, Ransomes, Ransomes Inc., Ransomes Investment LLC, Ransomes Jacobsen France SAS, Ransomes Jacobsen Limited, Ransomes Limited, Ransomes Pensions Trustee Company Limited, Replacement Part Solutions LLC, Response Technologies LLC, Rotor Blades Limited, Sukosim Verbindungselemente, TRU Simulation & Training Spain SL, TRU Simulation + Training Inc., TRU Simulation + Training LLC, TekGPS Engineering Srl, Textron Airland LLC, Textron Atlantic LLC, Textron Aviation Australia Pty. Ltd., Textron Aviation Canada Ltd., Textron Aviation Defense LLC, Textron Aviation Finance Corporation, Textron Aviation Inc., Textron Aviation Prague Service Center sro, Textron Aviation Rhode Island Inc., Textron Aviation Services de Mexico S de RL de CV, Textron Capital BV, Textron Communications Inc., Textron Far East Pte. Ltd., Textron Finance Holding Company, Textron Financial Corporation, Textron Financial Corporation Receivables Trust 2002-CP-2, Textron Fluid and Power Inc., Textron France Holding SAS, Textron France SAS, Textron Global Services Inc., Textron Ground Support Equipment Inc., Textron Ground Support Equipment UK Limited, Textron IPMP Inc., Textron India Private Limited, Textron Innovations Inc., Textron International Inc., Textron International Mexico S de RL de CV, Textron Limited, Textron Management Services Inc., Textron Motors GmbH, Textron Motors North America Inc., Textron Outdoor Power Equipment Inc., Textron Realty Corporation, Textron Shared Service Centre (Canada) Inc., Textron Specialized Vehicles Inc., Textron Sweden AB, Textron Systems Australia Holding Pty Ltd, Textron Systems Australia Pty Ltd, Textron Systems Canada Inc., Textron Systems Corporation, Textron Systems Electronic Systems UK (Holdings) Limited, Textron Systems Electronic Systems UK Limited, Textron Trading (Shanghai) Co. Ltd., Textron UK Pension Trustee Limited, Textron Verwaltungs-GmbH, Turbine Engine Components Textron (Newington Operations) Inc., United Industrial Corporation, Westminster Insurance Company, Williams Machine & Tool, and Zhenjiang Bell Textron Aviation Services Limited.
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This page (NYSE:TXT) was last updated on 12/10/2023 by MarketBeat.com Staff

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