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NYSE:TXTTextron Stock Price, Forecast & News

$37.07
+0.57 (+1.56 %)
(As of 08/6/2020 02:25 PM ET)
Add
Compare
Today's Range
$36.24
Now: $37.07
$37.34
50-Day Range
$31.05
MA: $33.50
$35.91
52-Week Range
$20.26
Now: $37.07
$52.87
Volume784,124 shs
Average Volume1.27 million shs
Market Capitalization$8.45 billion
P/E Ratio22.60
Dividend Yield0.22%
Beta1.67
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: 1.2Community Rank: 2.5Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.76 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$5.82 per share
Book Value$24.24 per share

Profitability

Net Income$815 million

Miscellaneous

Employees35,000
Market Cap$8.45 billion
Next Earnings Date10/15/2020 (Estimated)
OptionableOptionable
$37.07
+0.57 (+1.56 %)
(As of 08/6/2020 02:25 PM 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 (Coronavirus)?

Textron's stock was trading at $30.24 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, TXT stock has increased by 22.1% and is now trading at $36.91.
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 7 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 Thursday, October 15th 2020.
View our earnings forecast for Textron
.

How were Textron's earnings last quarter?

Textron Inc. (NYSE:TXT) released its quarterly earnings data on Thursday, July, 30th. The aerospace company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of ($0.15) by $0.28. The aerospace company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.30 billion. Textron had a net margin of 3.01% and a return on equity of 10.60%. The company's revenue for the quarter was down 23.4% on a year-over-year basis. During the same period last year, the firm posted $0.93 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 Monday, July 27th. Stockholders of record on Friday, September 11th will be given a dividend of $0.02 per share on Thursday, October 1st. This represents a $0.08 annualized dividend and a yield of 0.22%. The ex-dividend date is Thursday, September 10th.
View Textron's dividend history
.

What price target have analysts set for TXT?

10 brokerages have issued 1-year price targets for Textron's stock. Their forecasts range from $30.00 to $58.00. On average, they anticipate Textron's stock price to reach $40.11 in the next year. This suggests a possible upside of 8.7% from the stock's current price.
View analysts' price targets for Textron
.

Has Textron been receiving favorable news coverage?

News stories about TXT stock have trended somewhat positive on Thursday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Textron earned a media sentiment score of 1.4 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 press coverage is extremely unlikely to have an impact on the stock's share price in the near term.
View the latest news about Textron
.

Are investors shorting Textron?

Textron saw a decline in short interest during the month of July. As of July 31st, there was short interest totaling 6,340,000 shares, a decline of 8.1% from the July 15th total of 6,900,000 shares. Based on an average daily trading volume, of 1,710,000 shares, the short-interest ratio is presently 3.7 days. Currently, 2.8% of the company's 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 number of institutional and retail investors. Top institutional shareholders include LSV Asset Management (2.26%), Sumitomo Mitsui Trust Holdings Inc. (0.42%), TCW Group Inc. (0.35%), Trinity Street Asset Management LLP (0.33%), Russell Investments Group Ltd. (0.27%) and Mackay Shields LLC (0.19%). 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 LSV Asset Management, Prudential PLC, TCW Group Inc., First Trust Advisors LP, WINTON GROUP Ltd, Envestnet Asset Management Inc., Veracity Capital LLC, and Stone Ridge Asset Management LLC.
View insider buying and selling activity for Textron
.

Which major investors are buying Textron stock?

TXT stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Mackay Shields LLC, Oregon Public Employees Retirement Fund, SG Americas Securities LLC, UBS Group AG, Trinity Street Asset Management LLP, Mastrapasqua Asset Management Inc., and Bessemer Group Inc..
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 $36.91.

How big of a company is Textron?

Textron has a market capitalization of $8.42 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 8/6/2020 by MarketBeat.com Staff

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