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NYSE:TXTTextron Stock Price, Forecast & News

$29.44
+1.55 (+5.56 %)
(As of 04/10/2020 02:22 AM ET)
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Today's Range
$28.10
Now: $29.44
$30.13
50-Day Range
$21.66
MA: $32.45
$47.63
52-Week Range
$20.26
Now: $29.44
$58.00
Volume2.18 million shs
Average Volume2.23 million shs
Market Capitalization$6.70 billion
P/E Ratio8.39
Dividend Yield0.29%
Beta1.88
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; 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 logistics support services. Its Industrial segment offers blow-molded plastic fuel systems and fuel systems, including pressurized fuel tanks for hybrid applications, clear-vision systems, catalytic reduction systems, cast iron engine components, and other fuel system components primarily to automobile OEMs, as well as plastic bottles and containers for various uses; 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 that are marketed to golf courses and resorts, government agencies and municipalities, consumers, 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: 3.2Community Rank: 2.6Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.77 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$13.63 billion
Cash Flow$6.24 per share
Book Value$24.17 per share

Profitability

Net Income$815 million

Miscellaneous

Employees35,000
Market Cap$6.70 billion
Next Earnings Date4/22/2020 (Confirmed)
OptionableOptionable

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Textron (NYSE:TXT) Frequently Asked Questions

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

Textron's stock was trading at $30.24 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, TXT shares have decreased by 2.6% and is now trading at $29.44. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Textron?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Textron in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Textron.

When is Textron's next earnings date?

Textron is scheduled to release its next quarterly earnings announcement on Wednesday, April 22nd 2020. View our earnings forecast for Textron.

How can I listen to Textron's earnings call?

Textron will be holding an earnings conference call on Wednesday, April 22nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Textron's earnings last quarter?

Textron Inc. (NYSE:TXT) announced its quarterly earnings results on Wednesday, January, 29th. The aerospace company reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.08 by $0.03. The aerospace company had revenue of $4.04 billion for the quarter, compared to analysts' expectations of $3.94 billion. Textron had a net margin of 5.98% and a return on equity of 16.16%. The firm's revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm posted $1.15 EPS. View Textron's earnings history.

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

Textron declared a quarterly dividend on Wednesday, February 26th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.02 per share on Wednesday, April 1st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date is Thursday, March 12th. View Textron's dividend history.

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

Textron issued an update on its FY20 earnings guidance on Wednesday, January, 29th. The company provided earnings per share guidance of $3.50-3.70 for the period, compared to the Thomson Reuters consensus estimate of $3.67. The company issued revenue guidance of $14.0 billion, compared to the consensus revenue estimate of $13.99 billion.

What price target have analysts set for TXT?

8 Wall Street analysts have issued 12-month price objectives for Textron's stock. Their forecasts range from $26.00 to $58.00. On average, they anticipate Textron's stock price to reach $49.14 in the next year. This suggests a possible upside of 66.9% from the stock's current price. View analysts' price targets for Textron.

Has Textron been receiving favorable news coverage?

Media headlines about TXT stock have trended very negative recently, according to InfoTrie Sentiment. The research firm rates the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Textron earned a news impact score of -3.3 on InfoTrie's scale. They also assigned media headlines about the aerospace company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutTextron.

Are investors shorting Textron?

Textron saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 5,110,300 shares, an increase of 9.0% from the February 27th total of 4,690,000 shares. Based on an average daily trading volume, of 1,840,000 shares, the short-interest ratio is currently 2.8 days. Currently, 2.3% of the shares of the company are sold short. View Textron's Current Options Chain.

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), Fossil Group (FOSL), Apollo Global Management (APO), AMC Entertainment (AMC), Associated British Foods (ABF), Chaarat Gold (CGH) and First Data (FDC).

Who are Textron's key executives?

Textron's management team includes the following 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)

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 variety of retail and institutional investors. Top institutional shareholders include Hexavest Inc. (0.17%), State of Alaska Department of Revenue (0.05%), Alpine Global Management LLC (0.02%) and IFM Investors Pty Ltd (0.01%). Company insiders that own Textron stock include E Robert Lupone, Frank T Connor, Julie G Duffy, 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 Alpine Global Management LLC, and IFM Investors Pty Ltd. View insider buying and selling activity for Textron.

Which major investors are buying Textron stock?

TXT stock was acquired by a variety of institutional investors in the last quarter, including Hexavest Inc., and State of Alaska Department of Revenue. 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 $29.44.

How big of a company is Textron?

Textron has a market capitalization of $6.70 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 35,000 workers across the globe. View additional information about Textron.

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.

This page was last updated on 4/10/2020 by MarketBeat.com Staff

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