NYSE:TXT - Textron Stock Price, News, & Analysis

Sign in or create an account to add this stock to your watchlist.
$55.06 +0.37 (+0.68 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$55.06
Today's Range$54.72 - $55.14
52-Week Range$43.27 - $72.87
Volume830,361 shs
Average Volume1.65 million shs
Market Capitalization$12.92 billion
P/E Ratio16.49
Dividend Yield0.15%
Beta1.71
Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. The company's Textron Aviation segment manufactures and sells business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and commercial parts, as well as provides maintenance, inspection, and repair services. Its Bell segment provides military and commercial helicopters, tiltrotor aircraft, and related spare parts and services. The company's Textron Systems segment offers unmanned, marine, and land systems; simulation, training, and other defense and aviation mission support products and systems; airborne and ground-based sensors and surveillance systems, and protection systems; advanced precision guided weapons systems; armored vehicles, turrets, and related subsystems, as well as marine craft; test equipment and electronic warfare test, and training solutions; piston aircraft engines; and intelligence software solutions. This segment also designs, develops, manufactures, installs, and maintains full flight simulators; and offers logistical support and supply chain services. Its Industrial segment offers blow-molded plastic fuel systems; catalytic reduction systems; plastic bottles and containers; golf cars, off-road utility and light transportation vehicles, recreational and all-terrain vehicles, snowmobiles, aviation ground support equipment, professional turf-maintenance equipment, and turf-care vehicles; and powered equipment, electrical test and measurement instruments, mechanical and hydraulic tools, cable connectors, fiber optic assemblies, underground and aerial transmission and distribution products, and power utility products for construction, maintenance, telecommunications, data communications, electrical, utility, and plumbing industries. 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.

Receive TXT News and Ratings via Email

Sign-up to receive the latest news and ratings for TXT and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$13.97 billion
Cash Flow$5.3147 per share
Book Value$22.12 per share

Profitability

Net Income$1.22 billion

Miscellaneous

Employees37,000
Market Cap$12.92 billion
Next Earnings Date4/17/2019 (Estimated)
OptionableOptionable

Textron (NYSE:TXT) Frequently Asked Questions

What is Textron's stock symbol?

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

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

Textron announced a quarterly dividend on Wednesday, October 24th. Stockholders of record on Friday, December 14th will be paid a dividend of $0.02 per share on Tuesday, January 1st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date is Thursday, December 13th. View Textron's Dividend History.

How will Textron's stock buyback program work?

Textron declared that its Board of Directors has authorized a share repurchase plan on Thursday, April 6th 2017, which allows the company to buyback 25,000,000 shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

How were Textron's earnings last quarter?

Textron Inc. (NYSE:TXT) announced its earnings results on Thursday, January, 24th. The aerospace company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.98 by $0.17. The aerospace company earned $3.75 billion during the quarter, compared to analysts' expectations of $3.99 billion. Textron had a return on equity of 15.51% and a net margin of 8.75%. The business's revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 EPS. View Textron's Earnings History.

When is Textron's next earnings date?

Textron is scheduled to release their next quarterly earnings announcement on Wednesday, April 17th 2019. View Earnings Estimates for Textron.

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

Textron issued an update on its FY19 earnings guidance on Thursday, January, 24th. The company provided EPS guidance of $3.55-3.75 for the period, compared to the Thomson Reuters consensus estimate of $3.50. The company issued revenue guidance of flat YoY to ~$14 billion, compared to the consensus revenue estimate of $14.62 billion.Textron also updated its FY 2019 guidance to $3.55-3.75 EPS.

What price target have analysts set for TXT?

10 brokers have issued 12-month price targets for Textron's shares. Their predictions range from $52.00 to $78.00. On average, they expect Textron's share price to reach $69.00 in the next twelve months. This suggests a possible upside of 25.3% from the stock's current price. View Analyst Price Targets for Textron.

What is the consensus analysts' recommendation for Textron?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Textron in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Textron.

Has Textron been receiving favorable news coverage?

Media headlines about TXT stock have trended somewhat negative recently, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Textron earned a daily sentiment score of -1.1 on InfoTrie's scale. They also gave media headlines about the aerospace company a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days.

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 NVIDIA (NVDA), Micron Technology (MU), Cisco Systems (CSCO), Raytheon (RTN), Bank of America (BAC), Boeing (BA), Citigroup (C), General Electric (GE), Netflix (NFLX) and Intel (INTC).

Who are Textron's key executives?

Textron's management team includes the folowing people:
  • Mr. Scott C. Donnelly, Chairman, Pres & CEO (Age 57)
  • Mr. Frank Thomas Connor, Exec. VP & CFO (Age 59)
  • Mr. E. Robert Lupone, Exec. VP, Gen. Counsel, Sec. & Chief Compliance Officer (Age 59)
  • Ms. Julie G. Duffy, Exec. VP of HR (Age 53)
  • Mr. Mark S. Bamford, VP, Corp. Controller & Principal Accounting Officer (Age 55)

Who are Textron's major shareholders?

Textron's stock is owned by a number of of institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (1.82%), Dimensional Fund Advisors LP (1.47%), Geode Capital Management LLC (1.29%), Bank of New York Mellon Corp (1.11%), Northern Trust Corp (1.08%) and Gamco Investors INC. ET AL (0.99%). Company insiders that own Textron stock include E Robert Lupone, Frank T Connor, Julie G Duffy and Scott C Donnelly. View Institutional Ownership Trends for Textron.

Which institutional investors are selling Textron stock?

TXT stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, Massachusetts Financial Services Co. MA, Lord Abbett & CO. LLC, First Trust Advisors LP, Eaton Vance Management, Scout Investments Inc., Amundi Pioneer Asset Management Inc. and Acadian Asset Management LLC. Company insiders that have sold Textron company stock in the last year include E Robert Lupone, Frank T Connor, Julie G Duffy and Scott C Donnelly. View Insider Buying and Selling for Textron.

Which institutional investors are buying Textron stock?

TXT stock was bought by a variety of institutional investors in the last quarter, including Levin Capital Strategies L.P., Oregon Public Employees Retirement Fund, D. E. Shaw & Co. Inc., State of New Jersey Common Pension Fund D, Bank of New York Mellon Corp, Squarepoint Ops LLC, Millennium Management LLC and Victory Capital Management Inc.. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Textron's stock price today?

One share of TXT stock can currently be purchased for approximately $55.06.

How big of a company is Textron?

Textron has a market capitalization of $12.92 billion and generates $13.97 billion in revenue each year. The aerospace company earns $1.22 billion in net income (profit) each year or $3.34 on an earnings per share basis. Textron employs 37,000 workers across the globe.

What is Textron's official website?

The official website for Textron is http://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.


MarketBeat Community Rating for Textron (NYSE TXT)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  438 (Vote Outperform)
Underperform Votes:  415 (Vote Underperform)
Total Votes:  853
MarketBeat's community ratings are surveys of what our community members think about Textron and other stocks. Vote "Outperform" if you believe TXT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TXT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/23/2019 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel