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NYSE:TXT

Textron (TXT) Stock Forecast, Price & News

$77.79
-0.13 (-0.17%)
(As of 09/22/2023 ET)
Compare
Today's Range
$77.62
$78.45
50-Day Range
$67.45
$79.60
52-Week Range
$58.03
$80.60
Volume
1.40 million shs
Average Volume
1.33 million shs
Market Capitalization
$15.41 billion
P/E Ratio
17.88
Dividend Yield
0.10%
Price Target
$86.00

Textron MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
10.6% Upside
$86.00 Price Target
Short Interest
Healthy
2.26% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.81
Upright™ Environmental Score
News Sentiment
0.75mentions of Textron in the last 14 days
Based on 27 Articles This Week
Insider Trading
Selling Shares
$376,650 Sold Last Quarter
Proj. Earnings Growth
6.79%
From $5.30 to $5.66 Per Share

Overall MarketRank

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

2.10 out of 5 stars

Industrials Sector

40th out of 52 stocks

Aerospace & Defense Industry

6th out of 7 stocks


TXT stock logo

About Textron (NYSE:TXT) Stock

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 Price History

TXT Stock News Headlines

Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
Goldman Sachs Remains a Buy on Textron (TXT)
Textron Inc. stock falls Thursday, underperforms market
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
Textron Aviation signs 1,500-jet order
Lockheed (LMT) Wins $100M Contract for F-35 Jet Program
Textron (TXT) to Enlarge Its Interior Manufacturing Facility
Should You Pick Howmet Over Textron Stock?
Textron (NYSE:TXT) Upgraded by StockNews.com to Strong-Buy
See More Headlines
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TXT Company Calendar

Last Earnings
7/27/2023
Ex-Dividend for 10/1 Dividend
9/14/2023
Dividend Payable
9/15/2023
Today
9/22/2023
Dividend Payable
10/01/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
12/31/2023
Ex-Dividend for 9/15 Dividend
1/01/2100

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$86.00
High Stock Price Forecast
$95.00
Low Stock Price Forecast
$70.00
Forecasted Upside/Downside
+10.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$861 million
Pretax Margin
8.18%

Debt

Sales & Book Value

Annual Sales
$12.87 billion
Cash Flow
$5.91 per share
Book Value
$34.07 per share

Miscellaneous

Free Float
194,704,000
Market Cap
$15.41 billion
Optionable
Optionable
Beta
1.49

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Key Executives

  • Mr. Scott C. DonnellyMr. Scott C. Donnelly (Age 61)
    Chairman, Pres & CEO
    Comp: $4.15M
  • Mr. Frank Thomas Connor (Age 63)
    Exec. VP & CFO
    Comp: $2.61M
  • Mr. E. Robert LuponeMr. E. Robert Lupone (Age 63)
    Exec. VP, Gen. Counsel, Sec. & Chief Compliance Officer
    Comp: $1.84M
  • Ms. Julie G. Duffy (Age 56)
    Exec. VP & Chief HR Officer
    Comp: $1.36M
  • Mr. Todd A. Kackley
    VP & Chief Information Officer
  • Mr. Eric Salander
    VP of Investor Relations & Treasurer
  • Mr. Jorg Rautenstrauch
    CEO & Pres of Industrial Segment and Kautex
  • Ms. Lisa M. Atherton
    Pres & CEO of Bell Segment
  • Ms. Shannon H. Hines
    Sr. VP of Gov. Affairs & Washington Operations
  • Mr. Brett Pierson
    Sr. VP of Defense & Special Missions













TXT Stock - Frequently Asked Questions

Should I buy or sell Textron stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Textron in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TXT shares.
View TXT analyst ratings
or view top-rated stocks.

What is Textron's stock price forecast for 2023?

7 Wall Street research analysts have issued 1 year price objectives for Textron's shares. Their TXT share price forecasts range from $70.00 to $95.00. On average, they anticipate the company's share price to reach $86.00 in the next year. This suggests a possible upside of 10.6% 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 on January 1st, 2023. Since then, TXT shares have increased by 9.9% and is now trading at $77.79.
View the best growth stocks for 2023 here
.

Are investors shorting Textron?

Textron saw a drop in short interest in the month of August. As of August 15th, there was short interest totaling 4,080,000 shares, a drop of 20.6% from the July 31st total of 5,140,000 shares. Based on an average daily volume of 1,170,000 shares, the short-interest ratio is presently 3.5 days. Currently, 2.1% of the company's shares are short sold.
View Textron's Short Interest
.

When is Textron's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our TXT earnings forecast
.

How were Textron's earnings last quarter?

Textron Inc. (NYSE:TXT) posted its earnings results on Thursday, July, 27th. The aerospace company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.25. The aerospace company had revenue of $3.42 billion for the quarter, compared to analysts' expectations of $3.42 billion. Textron had a net margin of 6.88% and a trailing twelve-month return on equity of 13.83%. Textron's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 earnings per share.
Read the conference call transcript
.

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

Textron declared a quarterly dividend on Monday, July 24th. Stockholders of record on Friday, September 15th will be given a dividend of $0.02 per share on Sunday, October 1st. This represents a $0.08 annualized dividend and a yield of 0.10%. The ex-dividend date of this dividend is Thursday, September 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 0.10%. The dividend payout ratio is 1.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TXT will have a dividend payout ratio of 1.41% 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 issued an update on its FY 2023 earnings guidance on Thursday, July, 27th. The company provided earnings per share guidance of $5.20-$5.30 for the period, compared to the consensus earnings per share estimate of $5.15. The company issued revenue guidance of -.

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).

What is Textron's stock symbol?

Textron trades on the New York Stock Exchange (NYSE) under the ticker symbol "TXT."

Who are Textron's major shareholders?

Textron's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.72%), State Street Corp (4.51%), Boston Partners (3.47%), Victory Capital Management Inc. (3.24%), JPMorgan Chase & Co. (2.60%) and Geode Capital Management LLC (2.19%). Insiders that own company stock include E Robert Lupone, Frank T Connor, Kathleen M Bader, Mark S Bamford, 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.

What is Textron's stock price today?

One share of TXT stock can currently be purchased for approximately $77.79.

How much money does Textron make?

Textron (NYSE:TXT) has a market capitalization of $15.41 billion and generates $12.87 billion in revenue each year. The aerospace company earns $861 million in net income (profit) each year or $4.35 on an earnings per share basis.

How many employees does Textron have?

The company employs 34,000 workers across the globe.

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.
Read More
How can I contact Textron?

Textron's mailing address is 40 WESTMINSTER STREET, PROVIDENCE RI, 02903. The official website for the company is www.textron.com. The aerospace company can be reached via phone at (401) 421-2800 or via fax at 302-655-5049.

This page (NYSE:TXT) was last updated on 9/22/2023 by MarketBeat.com Staff

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