NYSE:TXT

Textron Stock Forecast, Price & News

$68.38
+0.16 (+0.23 %)
(As of 06/11/2021 12:00 AM ET)
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Today's Range
$67.46
$68.88
50-Day Range
$56.88
$70.28
52-Week Range
$30.06
$70.68
Volume2.28 million shs
Average Volume1.18 million shs
Market Capitalization$15.43 billion
P/E Ratio36.37
Dividend Yield0.12%
Beta1.8
30 days | 90 days | 365 days | Advanced Chart
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Textron logo

About Textron

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 vehicle 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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MarketRank

Overall MarketRank

2.27 out of 5 stars

Aerospace Sector

4th out of 76 stocks

Aircraft & Parts Industry

1st out of 4 stocks

Analyst Opinion: 2.4Community Rank: 2.5Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -
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Textron (NYSE:TXT) Frequently Asked Questions

Is Textron a buy right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Textron in the last twelve months. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Textron stock.
View analyst ratings for Textron
or view top-rated stocks.

What stocks does MarketBeat like better than Textron?

Wall Street analysts have given Textron a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Textron wasn't one of them. MarketBeat thinks these five companies 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 Thursday, July 29th 2021.
View our earnings forecast for Textron
.

How were Textron's earnings last quarter?

Textron Inc. (NYSE:TXT) released its quarterly earnings data on Thursday, April, 29th. The aerospace company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.23. The aerospace company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.75 billion. Textron had a trailing twelve-month return on equity of 9.61% and a net margin of 3.66%. The business's revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.35 earnings per share.
View Textron's earnings history
.

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. Since then, TXT shares have increased by 126.1% and is now trading at $68.38.
View which stocks have been most impacted by COVID-19
.

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

Textron declared a quarterly dividend on Wednesday, April 28th. Investors of record on Friday, June 11th will be given a dividend of $0.02 per share on Thursday, July 1st. This represents a $0.08 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend is Thursday, June 10th.
View Textron's dividend history
.

Is Textron a good dividend stock?

Textron pays an annual dividend of $0.08 per share and currently has a dividend yield of 0.12%. Textron does not yet have a strong track record of dividend growth. The dividend payout ratio of Textron is 3.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Textron will have a dividend payout ratio of 2.22% next year. This indicates that Textron will be able to sustain or increase its dividend.
View Textron's dividend history.

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

Textron updated its FY 2021 earnings guidance on Thursday, May, 6th. The company provided EPS guidance of 2.800-3.000 for the period, compared to the Thomson Reuters consensus estimate of $2.810. The company issued revenue guidance of -.

What price target have analysts set for TXT?

10 brokerages have issued 1-year target prices for Textron's stock. Their forecasts range from $38.00 to $75.00. On average, they anticipate Textron's share price to reach $60.30 in the next twelve months. This suggests that the stock has a possible downside of 11.8%.
View analysts' price targets for Textron
or view top-rated stocks among Wall Street analysts.

Who are Textron's key executives?

Textron's management team includes the following people:
  • Mr. Scott C. Donnelly, Chairman, Pres & CEO (Age 59, Pay $1.92M)
  • Mr. Frank Thomas Connor, Exec. VP & CFO (Age 61, Pay $1.66M) (LinkedIn Profile)
  • Mr. E. Robert Lupone, Exec. VP, Gen. Counsel, Sec. & Chief Compliance Officer (Age 61, Pay $1.25M) (LinkedIn Profile)
  • Ms. Julie G. Duffy, Exec. VP of HR (Age 55, Pay $894.37k) (LinkedIn Profile)
  • Ms. Kimberly A. Mackenroth, VP & Chief Information Officer (LinkedIn Profile)
  • Mr. Eric Salander, VP of Investor Relations & Treasurer (LinkedIn Profile)
  • Mr. James Takats, Sr. VP of Global Simulation & Training Strategy TRU Simulation + Training Inc
  • Mr. Jorg Rautenstrauch, CEO & Pres of Industrial Segment (LinkedIn Profile)
  • Mr. Stewart Holmes, Sr. VP of Washington Operations (LinkedIn Profile)
  • Mr. Ee Soon-Kiong, Pres of Textron China

What is Scott C. Donnelly's approval rating as Textron's CEO?

206 employees have rated Textron CEO Scott C. Donnelly on Glassdoor.com. Scott C. Donnelly has an approval rating of 79% among Textron's employees.

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).

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 retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (15.74%), BlackRock Inc. (7.66%), Pzena Investment Management LLC (3.56%), Victory Capital Management Inc. (3.33%), Boston Partners (3.04%) and Primecap Management Co. CA (2.79%). Company insiders that own Textron stock include Frank T Connor, Kathleen M Bader, 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 Bank of Nova Scotia, LSV Asset Management, Trinity Street Asset Management LLP, Russell Investments Group Ltd., Cibc World Markets Corp, Arrowstreet Capital Limited Partnership, Goldman Sachs Group Inc., and Eaton Vance Management. Company insiders that have sold Textron company stock in the last year include Frank T Connor, Kathleen M Bader, Mark S Bamford, and Scott C Donnelly.
View insider buying and selling activity for Textron
or view top insider-selling stocks.

Which major investors are buying Textron stock?

TXT stock was acquired by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Boston Partners, Price T Rowe Associates Inc. MD, Nuveen Asset Management LLC, BlackRock Inc., D. E. Shaw & Co. Inc., Pzena Investment Management LLC, and Geode Capital Management LLC.
View insider buying and selling activity for Textron
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Textron's stock price today?

One share of TXT stock can currently be purchased for approximately $68.38.

How much money does Textron make?

Textron has a market capitalization of $15.43 billion and generates $11.65 billion in revenue each year. The aerospace company earns $309 million in net income (profit) each year or $2.07 on an earnings per share basis.

How many employees does Textron have?

Textron employs 33,000 workers across the globe.

Does Textron have any subsidiaries?

The following companies are subsidiares of Textron: AAI Corporation, AAI Services Corporation, ALSTOM Gears, Able Aerospace Services Inc., Able Engineering & Component Services, Aeronautical Accessories LLC, Airborne Tactical Advantage Company, Airborne Tactical Advantage Company LLC, Arctic Cat, Arctic Cat ACE Holding GmbH, Arctic Cat Deutschland GmbH, Arctic Cat Espana SL, Arctic Cat France SARL, Arctic Cat GmbH, Arctic Cat Inc., Arctic Cat Italia srl, Arctic Cat Production LLC, Arctic Cat Production Support LLC, Arctic Cat Sales Inc., Arctic Cat Shared Services LLC, Arctic Cat UK Ltd., Arkansas Aerospace, Arkansas Aerospace Inc., Avco Corporation, Avco Rhode Island (2002) Inc., Aviation Service servis letal, Aviation Service servis letal doo Ljubljana, Aylesbury Automation, B/K Navigational Equipment sro, Beech Aircraft Corporation, Beech Enterprises, Beech Enterprises Holding, Beech Holdings, Beechcraft, Beechcraft Australia Pty Limited, Beechcraft Corporation, Beechcraft Defense Company, Beechcraft Defense Support Holding, Beechcraft Defense Support Holding LLC, Beechcraft Domestic Service Company, Beechcraft Germany GmbH, Beechcraft Holdings, Beechcraft India Private Limited, Beechcraft International Holding LLC, Beechcraft International Service Company, Beechcraft New Zealand, Beechcraft Service Company UK Limited, Beechcraft Singapore Pte. Ltd., Bell Helicopter Asia (Pte) Ltd., Bell Helicopter Canada International Inc., Bell Helicopter GK, Bell Helicopter India Inc., Bell Helicopter KK, Bell Helicopter Korea Inc., Bell Helicopter Miami Inc., Bell Helicopter Prague, Bell Helicopter Prague a.s., Bell Helicopter Rhode Island Inc., Bell Helicopter Services Inc., Bell Helicopter Supply Center B.V., Bell Helicopter Supply Center BV, Bell Helicopter Textron Canada Limited/Limitée, Bell Helicopter Textron Inc., Bell Technical Services Inc., Benzlers, Brazaco Mapri Industrias, Burkland, CCP Holdings (ATAC), Cadillac Gage Textron Inc., Cam Tool LLC, Cessna Aircraft Company, Cessna Aircraft Rhode Island Inc., Cessna Citation European Service Center S.A.S., Cessna Citation European Service Center SAS, Cessna Consulting (Shenyang) Co, Cessna Consulting (Shenyang) Co. Ltd., Cessna Düsseldorf Citation Service Center GmbH, Cessna Finance Corporation, Cessna Finance Export Corporation, Cessna Mexico S de RL de CV, Cessna ServiceDirect, Cessna Spanish Citation Service Center SL, Cessna Zurich Citation Service Center GmbH, Citation Parts Distribution International, Citation Parts Distribution International Inc., Cushman, Cushman Inc., Datacom Technologies, David Brown Group, Doncaster Citation Service Centre Limited, E-Z-GO (Jiangsu) Electronic and Technology Co., E-Z-GO Canada Limited, EM Systems, ETOPS (AS) UK Limited, ETOPS Aviation Services Malaysia SDN BHD, ETOPS SAS, Endura-Greenlee Tools (Shanghai) Co., Energy Manufacturing, Flexalloy, Greenlee Communications Limited, Greenlee Textron Inc., Gustav Klauke GmbH, HBC LLC, HD Electric Company, Hawker Beech International Services de Mexico S de RL de CV, Hawker Beech de Mexico, Hawker Beech de Mexico S de RL de CV, Hawker Beechcraft Argentina SA, Hawker Beechcraft Global Customer Support, Hawker Beechcraft do Brasil Assessoria e Intermediacao de Negocios Ltda., Howe & Howe Technologies Inc., Howe and Howe Technologies, Hudson's Bay Company (HBC), Industrial Technology Inc., InteSys Technologies, International Product Support Inc., Jacobsen Professional Lawn Care Inc., KSB Annecy SAS, Kautex, Kautex (Changchun) Plastics Technology Co, Kautex (Changchun) Plastics Technology Co. Ltd., Kautex (Chongqing) Plastic Technology Co., Kautex (Chongqing) Plastic Technology Co. Ltd., Kautex (Guangzhou) Plastic Technology Co., Kautex (Guangzhou) Plastic Technology Co. Ltd., Kautex (Pinghu) Plastic Technology Co. Ltd., Kautex (Shanghai) Plastic Technology Co., Kautex (Shanghai) Plastic Technology Co. Ltd., Kautex (Wuhan) Plastic Technology Co., Kautex (Wuhan) Plastic Technology Co. Ltd., Kautex Corporation, Kautex Craiova srl, Kautex Inc., Kautex Japan KK, Kautex Plastic Technology Gujarat Private Limited, Kautex Poland Sp. z.o.o, Kautex Shanghai GmbH, Kautex Textron (UK) Limited, Kautex Textron Benelux B.V.B.A., Kautex Textron Benelux BVBA, Kautex Textron Bohemia spol sro, Kautex Textron Bohemia spol. s.r.o., Kautex Textron CVS Limited, Kautex Textron GmbH & Co. KG, Kautex Textron Ibérica, Kautex Textron Ibérica SL, Kautex Textron Management Services Company de Puebla, Kautex Textron Management Services Company de Puebla S. de RL de CV, Kautex Textron Portugal – Produtos Plasticos, Kautex Textron Portugal – Produtos Plasticos Ldas., Kautex Textron de Mexico S de RL de CV, Kautex Textron de Mexico S. de R.L. de C.V., Kautex Textron do Brasil Ltda., Kautex of Georgia Inc., Kaywood Products Corp., King Atmosphere General & Industrial Services and Project Management, King Atmosphere General & Industrial Services and Project Management LLC, Klauke, Klauke France SARL, Klauke Handelsgesellschaft m.b.H., Klauke Polska Sp. z o.o., Klauke Slovakia sro, Klauke Textron (Jiangsu) Electrical Connection Technology Co., Klauke UK Limited, LLC Hawker Beechcraft International RSA, LLC Textron RUS, Maag, McCord Corporation, McTurbine Inc., Mechtronix Systems, Medical Numerics, Medical Numerics Inc., Midland Industrial Plastics, MillenWorks, MillenWorks Themed Technologies, MotorFist LLC, OPINICUS Simulation and Training Services, OPINICUS Simulation and Training Services LLC, OmniQuip International, Opinicus Corp., Optical Boring Co., Opto-Electronics, Opto-Electronics Inc., Overwatch Systems, Overwatch Systems Ltd., PEINER Umformtechnik, Pirelli Tyres - General Rubber Goods (GRG) division, Progressive Electronics, Ransomes, Ransomes America Corporation, Ransomes Inc., Ransomes Investment LLC, Ransomes Jacobsen France S.A.S., Ransomes Jacobsen France SAS, Ransomes Jacobsen Limited, Ransomes Limited, Ransomes Pensions Trustee Company Limited, Ransomes Property Developments Limited, Replacement Part Solutions, Replacement Part Solutions LLC, Ring Screw Works, Rotor Blades Limited, STE Holding Inc., Sherman + Reilly, SkyBOOKS Inc., Suekosim Verbindungselemente, TRAK International, TRAK International Inc., TRU Simulation & Training Spain, TRU Simulation & Training Spain SL, TRU Simulation + Training Canada Inc., TRU Simulation + Training Inc., TRU Simulation + Training LLC, TUG Technologies Corporation, TekGPS Engineering Srl, Textron Acquisition Limited, Textron Airborne Solutions Inc., Textron Airland, Textron Airland LLC, Textron Atlantic Inc., 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 Inc., Textron Aviation Rhode Island Inc., Textron Capital BV, Textron China Holdings S.R.L., Textron China Inc., Textron Communications Inc., Textron Far East Pte, Textron Far East Pte. Ltd., Textron Fastening Systems Inc., Textron Finance Holding Company, Textron Financial Corporation, Textron Financial Corporation Receivables Trust 2002-CP-2, Textron Fluid and Power Inc., Textron France E.U.R.L., Textron France EURL, Textron France Holding S.A.R.L., Textron France Holding SARL, Textron Germany Holding GmbH, Textron Global Services Inc., Textron Ground Support Equipment Inc., Textron Ground Support Equipment UK Limited, Textron IPMP Inc., Textron Iberia, Textron India Private Limited, Textron Innovations Inc., Textron International Holding, Textron International Holding BV, Textron International Inc., Textron International Mexico, 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 Rhode Island Inc., 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 Systems Rhode Island (2001) Inc., Textron Trading (Shanghai) Co., Textron Trading (Shanghai) Co. Ltd., Textron UK Pension Trustee Limited, Textron Ulaşım Alet ve Parçaları Ticaret Limited Şirketi, Textron Verwaltungs-GmbH, Travel Air Insurance Company, Turbine Engine Components Textron (Newington Operations) Inc., United Industrial Corporation, United Industrial Corporation Limited, Westminster Insurance Company, Williams Machine & Tool, and Wuxi Textron Specialized Vehicles Co. Ltd..

When was Textron founded?

Textron was founded in 1923.

What is Textron's official website?

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

Where are Textron's headquarters?

Textron is headquartered at 40 WESTMINSTER STREET, PROVIDENCE RI, 02903.

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 6/13/2021 by MarketBeat.com Staff
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