NYSE:TXT

Textron (TXT) Stock Forecast, Price & News

$78.01

-0.87 (-1.10%)

(As of 09/26/2023 ET)

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Today's Range: $77.99
▼
$79.38
50-Day Range: $67.63
▼
$79.60
52-Week Range: $58.03
▼
$80.60

Volume: 1.64 million shs
Average Volume: 1.45 million shs
Market Capitalization: $15.45 billion

P/E Ratio: 17.93
Dividend Yield: 0.10%
Price Target: $86.00

Textron MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.57 Rating Score
Upside/Downside: 10.2% 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: 0.75
Based on 26 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.

1.92 out of 5 stars

Aerospace Sector

38th out of 45 stocks

Aircraft & Parts Industry

3rd out of 3 stocks

2.3

Analyst's Opinion

Consensus Rating
Textron has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $86.00, Textron has a forecasted upside of 10.2% from its current price of $78.01.
Amount of Analyst Coverage
Textron has only been the subject of 3 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.26% of the float of Textron has been sold short.
Short Interest Ratio / Days to Cover
Textron has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Textron has recently increased by 9.31%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Yield
Textron has a dividend yield of 0.10%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Textron does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Textron is 1.84%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Textron will have a dividend payout ratio of 1.41% next year. This indicates that Textron will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Textron has received a -134.68% net impact score from Upright. The largest negative impact of Textron in category "Societal stability & understanding among people" seems to be driven mostly by its "Long guns", "War game simulation software", and "Missiles" products. See details.
Environmental Sustainability
The Environmental Impact score for Textron is -3.81.

2.6

News and Social Media Coverage

News Sentiment
Textron has a news sentiment score of 0.75. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Aerospace companies.
News Coverage This Week
MarketBeat has tracked 26 news articles for Textron this week, compared to 7 articles on an average week.
Search Interest
Only 11 people have searched for TXT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
14 people have added Textron to their MarketBeat watchlist in the last 30 days. This is an increase of 250% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Textron insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $376,650.00 in company stock.
Percentage Held by Insiders
Only 1.70% of the stock of Textron is held by insiders.
Percentage Held by Institutions
85.92% of the stock of Textron is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Textron are expected to grow by 6.79% in the coming year, from $5.30 to $5.66 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Textron is 17.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.65.
Price to Earnings Ratio vs. Sector
The P/E ratio of Textron is 17.93, which means that it is trading at a more expensive P/E ratio than the Aerospace sector average P/E ratio of about 13.80.
Price to Earnings Growth Ratio
Textron has a PEG Ratio of 1.27. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Textron has a P/B Ratio of 2.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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.