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NYSE:TXTTextron Stock Price, Forecast & News

$31.55
+0.58 (+1.87 %)
(As of 06/1/2020 04:00 PM ET)
Add
Compare
Today's Range
$30.73
Now: $31.55
$31.71
50-Day Range
$23.38
MA: $27.09
$31.45
52-Week Range
$20.26
Now: $31.55
$54.24
Volume1.19 million shs
Average Volume2.05 million shs
Market Capitalization$7.18 billion
P/E Ratio10.62
Dividend Yield0.26%
Beta1.66
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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Textron logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.1Community Rank: 2.5Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.61 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$5.74 per share
Book Value$24.17 per share

Profitability

Net Income$815 million

Miscellaneous

Employees35,000
Market Cap$7.18 billion
Next Earnings Date7/15/2020 (Estimated)
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 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, TXT shares have increased by 4.3% and is now trading at $31.55. View which stocks have been most impacted by Coronavirus.

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 8 hold ratings and 2 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, July 15th 2020. View our earnings forecast for Textron.

How were Textron's earnings last quarter?

Textron Inc. (NYSE:TXT) announced its quarterly earnings data on Thursday, April, 30th. The aerospace company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.46 by $0.11. The aerospace company had revenue of $2.78 billion for the quarter, compared to analysts' expectations of $2.97 billion. Textron had a return on equity of 14.12% and a net margin of 5.16%. The firm's revenue was down 10.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.76 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, April 29th. Investors of record on Friday, June 12th will be paid a dividend of $0.02 per share on Wednesday, July 1st. This represents a $0.08 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend is Thursday, June 11th. View Textron's dividend history.

What price target have analysts set for TXT?

10 analysts have issued 12-month price objectives for Textron's shares. Their forecasts range from $26.00 to $58.00. On average, they expect Textron's share price to reach $38.78 in the next twelve months. This suggests a possible upside of 22.9% from the stock's current price. View analysts' price targets for Textron.

Has Textron been receiving favorable news coverage?

News headlines about TXT stock have trended somewhat positive recently, according to InfoTrie Sentiment. The research group rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Textron earned a media sentiment score of 2.0 on InfoTrie's scale. They also assigned news articles about the aerospace company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutTextron.

Are investors shorting Textron?

Textron saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 4,490,000 shares, an increase of 12.5% from the April 30th total of 3,990,000 shares. Based on an average daily volume of 2,180,000 shares, the short-interest ratio is presently 2.1 days. Currently, 2.0% of the shares of the stock 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), Fossil Group (FOSL), NVIDIA (NVDA), AMC Entertainment (AMC), Apollo Global Management (APO), First Data (FDC), Associated British Foods (ABF) and Chaarat Gold (CGH).

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (7.48%), Invesco Ltd. (5.54%), State Street Corp (4.63%), Victory Capital Management Inc. (3.17%), Victory Capital Management Inc. (3.18%) and Primecap Management Co. CA (2.93%). 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 institutional investors are selling Textron stock?

TXT stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, BlackRock Inc., Russell Investments Group Ltd., AQR Capital Management LLC, Levin Easterly Partners LLC, Rothschild & Co. Asset Management US Inc., Nuveen Asset Management LLC, and Bank of New York Mellon Corp. View insider buying and selling activity for Textron.

Which institutional investors are buying Textron stock?

TXT stock was purchased by a variety of institutional investors in the last quarter, including Invesco Ltd., Victory Capital Management Inc., Victory Capital Management Inc., Parametric Portfolio Associates LLC, Hexavest Inc., New York State Common Retirement Fund, Mackay Shields LLC, and Primecap Management Co. CA. 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 $31.55.

How big of a company is Textron?

Textron has a market capitalization of $7.18 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.

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 6/1/2020 by MarketBeat.com Staff

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