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NYSE:TXT

Textron Stock Forecast, Price & News

$46.47
+1.66 (+3.70 %)
(As of 11/23/2020 12:00 AM ET)
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Today's Range
$45.15
Now: $46.47
$46.73
50-Day Range
$32.09
MA: $38.39
$46.01
52-Week Range
$20.26
Now: $46.47
$51.53
Volume962,824 shs
Average Volume1.70 million shs
Market Capitalization$10.64 billion
P/E Ratio28.34
Dividend Yield0.18%
Beta1.7
Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. The company's Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and commercial parts, as well as offers maintenance, inspection, and repair services. Its Bell segment supplies military and commercial helicopters, tiltrotor aircraft, and related spare parts and services. The company's Textron Systems segment offers unmanned aircraft systems, unmanned surface systems, mission command hardware and solutions, and customer support and logistics services; simulation, training, and other defense and aviation mission support products and services; airborne and ground-based sensors and surveillance systems, and protection systems; precision guided weapons systems; marine craft, armored vehicles, and specialty vehicles used for fire and rescue applications; test equipment, electronic warfare test, and training and intelligence software solutions; and piston aircraft engines, as well as designs, develops, manufactures, installs, and maintains full flight simulators. Its Industrial segment offers blow-molded plastic fuel systems, including conventional plastic fuel tanks and pressurized fuel tanks for hybrid applications, clear-vision systems, and plastic tanks for catalytic reduction systems primarily to automobile 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 company's Finance segment provides financing to purchase new and pre-owned aircraft and helicopters. Textron Inc. was founded in 1923 and is headquartered in Providence, Rhode Island.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.2Community Rank: 2.5Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.91 out of 5 stars


Industry, Sector and Symbol

Industry Aircraft & parts
Sub-IndustryAerospace & Defense
SectorAerospace
CUSIP88320310
Phone401-421-2800
Employees32,200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$13.63 billion
Cash Flow$7.38 per share
Book Value$24.17 per share

Profitability

Net Income$815 million

Miscellaneous

Market Cap$10.64 billion
Next Earnings Date2/3/2021 (Estimated)
OptionableOptionable
$46.47
+1.66 (+3.70 %)
(As of 11/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Textron (NYSE:TXT) Frequently Asked Questions

How has Textron's stock been impacted by COVID-19?

Textron's stock was trading at $30.24 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, TXT shares have increased by 53.7% and is now trading at $46.47.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Textron?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Textron in the last year. There are currently 6 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Textron
.

What stocks does MarketBeat like better than Textron?

Wall Street analysts have given Textron a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Textron wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Textron's next earnings date?

Textron is scheduled to release its next quarterly earnings announcement on Wednesday, February 3rd 2021.
View our earnings forecast for Textron
.

How were Textron's earnings last quarter?

Textron Inc. (NYSE:TXT) announced its earnings results on Thursday, October, 29th. The aerospace company reported $0.53 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.17. The aerospace company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.81 billion. Textron had a net margin of 3.01% and a return on equity of 10.60%. Textron's quarterly revenue was down 16.1% compared to the same quarter last year. During the same period last year, the business earned $0.95 earnings per share.
View Textron's earnings history
.

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

Textron announced a quarterly dividend on Wednesday, October 28th. Stockholders of record on Friday, December 11th will be given a dividend of $0.02 per share on Friday, January 1st. This represents a $0.08 annualized dividend and a yield of 0.17%. The ex-dividend date is Thursday, December 10th.
View Textron's dividend history
.

What price target have analysts set for TXT?

10 brokerages have issued twelve-month price objectives for Textron's shares. Their forecasts range from $30.00 to $55.00. On average, they expect Textron's stock price to reach $41.50 in the next twelve months. This suggests that the stock has a possible downside of 10.7%.
View analysts' price targets for Textron
.

Are investors shorting Textron?

Textron saw a drop in short interest in October. As of October 30th, there was short interest totaling 4,280,000 shares, a drop of 15.2% from the October 15th total of 5,050,000 shares. Based on an average daily trading volume, of 1,320,000 shares, the short-interest ratio is currently 3.2 days. Currently, 1.9% of the shares of the company are sold short.
View Textron's Short Interest
.

Who are some of Textron's key competitors?

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), The Walt Disney (DIS), AMC Entertainment (AMC) and Ciena (CIEN).

Who are Textron's key executives?

Textron's management team includes the following people:
  • Mr. Scott C. Donnelly, Chairman, Pres & CEO (Age 58, Pay $3.07M)
  • Mr. Frank Thomas Connor, Exec. VP & CFO (Age 60, Pay $2.02M)
  • Mr. E. Robert Lupone, Exec. VP, Gen. Counsel, Sec. & Chief Compliance Officer (Age 60, Pay $1.45M)
  • Ms. Julie G. Duffy, Exec. VP of HR (Age 54, Pay $960k)
  • Ms. Kimberly A. Mackenroth, VP & Chief Information Officer
  • Mr. Eric Salander, VP of Investor Relations & Treasurer
  • Mr. James Takats, Sr. VP of Global Simulation & Training Strategy TRU Simulation + Training Inc
  • Mr. Jorg Rautenstrauch, CEO & Pres of Industrial Segment
  • Mr. Stewart Holmes, Sr. VP of Washington Operations
  • Mr. Ee Soon-Kiong, Pres of Textron China

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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.68%), State Street Corp (4.43%), Victory Capital Management Inc. (2.96%), Pzena Investment Management LLC (2.97%), Boston Partners (2.75%) and LSV Asset Management (2.22%). Company insiders that own Textron stock include Frank T Connor, Mark S Bamford and Scott C Donnelly.
View institutional ownership trends for Textron
.

Which major investors are selling Textron stock?

TXT stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, BlackRock Inc., AQR Capital Management LLC, Victory Capital Management Inc., Brandes Investment Partners LP, Gamco Investors INC. ET AL, Worldquant Millennium Advisors LLC, and LSV Asset Management. Company insiders that have sold Textron company stock in the last year include Frank T Connor, and Scott C Donnelly.
View insider buying and selling activity for Textron
.

Which major investors are buying Textron stock?

TXT stock was bought by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, Great Lakes Advisors LLC, Charles Schwab Investment Management Inc., Morgan Stanley, Arrowstreet Capital Limited Partnership, JPMorgan Chase & Co., Scout Investments Inc., and Wells Fargo & Company MN.
View insider buying and selling activity for Textron
.

How do I buy shares of Textron?

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

What is Textron's stock price today?

One share of TXT stock can currently be purchased for approximately $46.47.

How big of a company is Textron?

Textron has a market capitalization of $10.64 billion and generates $13.63 billion in revenue each year. The aerospace company earns $815 million in net income (profit) each year or $3.74 on an earnings per share basis. Textron employs 32,200 workers across the globe.

What is Textron's official website?

The official website for Textron is www.textron.com.

How can I contact Textron?

Textron's mailing address is 40 WESTMINSTER STREET, PROVIDENCE RI, 02903. The aerospace company can be reached via phone at 401-421-2800.

This page was last updated on 11/24/2020 by MarketBeat.com Staff

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