NYSE:TXT

Textron (TXT) Stock Price, News & Analysis

$94.00
-1.28 (-1.34%)
(As of 04/24/2024 ET)
Today's Range
$93.64
$95.86
50-Day Range
$84.58
$96.98
52-Week Range
$61.27
$97.33
Volume
1.52 million shs
Average Volume
1.15 million shs
Market Capitalization
$18.08 billion
P/E Ratio
20.57
Dividend Yield
0.09%
Price Target
$93.63

Textron MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
0.4% Downside
$93.63 Price Target
Short Interest
Healthy
2.54% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.81
Upright™ Environmental Score
News Sentiment
0.69mentions of Textron in the last 14 days
Based on 25 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.00%
From $6.27 to $6.96 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.19 out of 5 stars

Aerospace Sector

19th out of 41 stocks

Aircraft & Parts Industry

2nd 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. The 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. The 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, powersports products, 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. The Finance segment offers financing services to purchase new and pre-owned aviation aircraft and Bell helicopters. Textron Inc. was founded in 1923 and is headquartered in Providence, Rhode Island.

TXT Stock Price History

TXT Stock News Headlines

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Textron Q1 2024 Earnings Preview
Textron Declares Quarterly Dividend
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Textron (TXT) to Release Quarterly Earnings on Thursday
Textron (TXT) Stock Moves -0.96%: What You Should Know
Barclays Keeps Their Buy Rating on Textron (TXT)
Four Wichita-made Cessna planes gets a makeover
See More Headlines
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Company Calendar

Last Earnings
1/24/2024
Ex-Dividend for 4/1 Dividend
3/14/2024
Dividend Payable
4/01/2024
Today
4/24/2024
Next Earnings (Confirmed)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Aerospace
Industry
Aircraft & parts
Sub-Industry
Aerospace & Defense
CUSIP
88320310
Employees
35,000
Year Founded
1923

Price Target and Rating

Average Stock Price Target
$93.63
High Stock Price Target
$120.00
Low Stock Price Target
$70.00
Potential Upside/Downside
-0.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
8 Analysts

Profitability

Net Income
$921 million
Pretax Margin
7.94%

Debt

Sales & Book Value

Annual Sales
$13.68 billion
Cash Flow
$7.78 per share
Book Value
$35.65 per share

Miscellaneous

Free Float
188,924,000
Market Cap
$18.08 billion
Optionable
Optionable
Beta
1.30

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Key Executives


TXT Stock Analysis - Frequently Asked Questions

Should I buy or sell Textron stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Textron in the last year. There are currently 1 sell rating, 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities 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 target for 2024?

8 Wall Street research analysts have issued 12-month price targets for Textron's stock. Their TXT share price targets range from $70.00 to $120.00. On average, they expect the company's stock price to reach $93.63 in the next year. This suggests that the stock has a possible downside of 0.4%.
View analysts price targets for TXT
or view top-rated stocks among Wall Street analysts.

How have TXT shares performed in 2024?

Textron's stock was trading at $80.42 at the beginning of the year. Since then, TXT stock has increased by 16.9% and is now trading at $94.00.
View the best growth stocks for 2024 here
.

Are investors shorting Textron?

Textron saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 4,850,000 shares, a decline of 16.7% from the March 15th total of 5,820,000 shares. Based on an average daily volume of 1,160,000 shares, the short-interest ratio is currently 4.2 days. Approximately 2.5% of the company's shares are sold short.
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, April 25th 2024.
View our TXT earnings forecast
.

How can I listen to Textron's earnings call?

Textron will be holding an earnings conference call on Thursday, April 25th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-970-0847 with passcode "8546032".

How were Textron's earnings last quarter?

Textron Inc. (NYSE:TXT) posted its quarterly earnings results on Wednesday, January, 24th. The aerospace company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.07. The aerospace company earned $3.89 billion during the quarter, compared to analyst estimates of $3.97 billion. Textron had a trailing twelve-month return on equity of 16.05% and a net margin of 6.73%. The firm's revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.07 earnings per share.
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, April 24th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.02 per share on Monday, July 1st. This represents a $0.08 dividend on an annualized basis and a yield of 0.09%.
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 0.09%. The dividend payout ratio is 1.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TXT will have a dividend payout ratio of 1.15% 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 FY 2024 earnings guidance on Thursday, January, 25th. The company provided earnings per share guidance of 6.200-6.400 for the period, compared to the consensus estimate of 5.900. The company issued revenue guidance of $14.6 billion-$14.6 billion, compared to the consensus revenue estimate of $14.7 billion.

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 number of institutional and retail investors. Top institutional investors include Los Angeles Capital Management LLC (0.30%), Sumitomo Mitsui Trust Holdings Inc. (0.27%), Ferguson Wellman Capital Management Inc. (0.25%), Cookson Peirce & Co. Inc. (0.15%), Raymond James & Associates (0.11%) and CHURCHILL MANAGEMENT Corp (0.09%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 4/24/2024 by MarketBeat.com Staff

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