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NYSE:TXT

Textron (TXT) Stock Forecast, Price & News

$64.22
+1.73 (+2.77%)
(As of 05/23/2022 12:00 AM ET)
Add
Compare
Today's Range
$62.57
$64.52
50-Day Range
$61.95
$76.01
52-Week Range
$60.36
$79.45
Volume
1.30 million shs
Average Volume
1.31 million shs
Market Capitalization
$13.81 billion
P/E Ratio
18.72
Dividend Yield
0.13%
Beta
1.64
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. The company's Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts. Its Bell segment supplies military and commercial helicopters, tiltrotor aircrafts, and related spare parts and services. The company's Textron Systems segment offers unmanned aircraft systems, electronic systems and solutions, advanced marine crafts, piston aircraft engines, live military air-to-air and air-to-ship training, weapons and related components, and armored and specialty vehicles. 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 original equipment manufacturers; 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 services to purchase new and pre-owned aircraft and bell helicopters. It serves in the United States, Europe, Asia, Australia, and internationally. Textron Inc. was founded in 1923 and is headquartered in Providence, Rhode Island.

Headlines

Textron: A Post-Pandemic Winner - Seeking Alpha
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Industry, Sector and Symbol

Industry
Aircraft & parts
Sub-Industry
Aerospace & Defense
Sector
Aerospace
CUSIP
88320310
Employees
33,000
Year Founded
1923

Sales & Book Value

Annual Sales
$12.38 billion
Cash Flow
$5.28 per share
Book Value
$32.16 per share

Profitability

Net Income
$746 million
Pretax Margin
7.32%

Debt

Price-To-Earnings

Miscellaneous

Free Float
211,857,000
Market Cap
$13.81 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 4/1 Dividend
3/10/2022
Dividend Payable
4/01/2022
Last Earnings
4/28/2022
Today
5/23/2022
Ex-Dividend for 7/1 Dividend
6/09/2022
Dividend Payable
7/01/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

2.69 out of 5 stars

Aerospace Sector

8th out of 65 stocks

Aircraft & Parts Industry

1st out of 3 stocks

Analyst Opinion: 3.5Community Rank: 4.5Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -













Textron (NYSE:TXT) Frequently Asked Questions

Is Textron a buy right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Textron in the last year. There are currently 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Textron stock.
View analyst ratings for Textron
or view top-rated stocks.

Are investors shorting Textron?

Textron saw a drop in short interest in April. As of April 30th, there was short interest totaling 5,010,000 shares, a drop of 16.2% from the April 15th total of 5,980,000 shares. Based on an average daily volume of 1,280,000 shares, the days-to-cover ratio is presently 3.9 days. Approximately 2.3% of the company's shares are sold short.
View Textron's Short Interest
.

When is Textron's next earnings date?

Textron is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Textron
.

How were Textron's earnings last quarter?

Textron Inc. (NYSE:TXT) issued its earnings results on Thursday, April, 28th. The aerospace company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.16. The aerospace company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.97 billion. Textron had a trailing twelve-month return on equity of 12.08% and a net margin of 6.14%. The business's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.70 earnings per share.
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, April 27th. Shareholders of record on Friday, June 10th will be given a dividend of $0.02 per share on Friday, July 1st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date is Thursday, June 9th.
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 0.13%. The dividend payout ratio of Textron is 2.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Textron will have a dividend payout ratio of 1.74% 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 issued an update on its FY 2022 earnings guidance on Monday, May, 9th. The company provided EPS guidance of $3.80-$4.00 for the period, compared to the consensus estimate of $3.74. The company issued revenue guidance of -.

What price target have analysts set for TXT?

7 brokerages have issued 12 month target prices for Textron's shares. Their forecasts range from $77.00 to $95.00. On average, they anticipate Textron's share price to reach $86.43 in the next year. This suggests a possible upside of 34.6% from the stock's current price.
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 60, Pay $4.97M)
  • Mr. Frank Thomas Connor, Exec. VP & CFO (Age 62, Pay $3.04M)
  • Mr. E. Robert Lupone, Exec. VP, Gen. Counsel, Sec. & Chief Compliance Officer (Age 62, Pay $2.12M) (LinkedIn Profile)
  • Ms. Julie G. Duffy, Exec. VP of HR (Age 56, Pay $1.58M)
  • Ms. Kimberly A. Mackenroth, VP & Chief Information Officer
  • Mr. Eric Salander, VP of Investor Relations & Treasurer
  • Mr. James Takats, Sr. VP of Global Simulation & Training Strategy TRU Simulation + Training Inc
  • Mr. Jorg Rautenstrauch, CEO & Pres of Industrial Segment
  • Ms. Shannon H. Hines, Sr. VP of Gov. Affairs & Washington Operations
  • 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.

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), 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 a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.93%), BlackRock Inc. (7.83%), Invesco Ltd. (4.91%), State Street Corp (4.45%), Boston Partners (3.04%) and Victory Capital Management Inc. (2.81%). Company insiders that own Textron stock include E Robert Lupone, Frank T Connor, Kathleen M Bader, Mark S Bamford, 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 Pzena Investment Management LLC, Victory Capital Management Inc., Boston Partners, Primecap Management Co. CA, Dimensional Fund Advisors LP, Worldquant Millennium Advisors LLC, TD Asset Management Inc., and Bank of Montreal Can. Company insiders that have sold Textron company stock in the last year include E Robert Lupone, Frank T Connor, Mark S Bamford, and Scott C Donnelly.
View insider buying and selling activity for Textron
or view top insider-selling stocks.

Which institutional investors are buying Textron stock?

TXT stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Aaron Wealth Advisors LLC, BlackRock Inc., Mariner LLC, Pacer Advisors Inc., Vanguard Group Inc., Toronto Dominion Bank, and Neuberger Berman Group 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 $64.22.

How much money does Textron make?

Textron has a market capitalization of $13.81 billion and generates $12.38 billion in revenue each year. The aerospace company earns $746 million in net income (profit) each year or $3.429990 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, Able Aerospace Services Inc., Able Engineering & Component Services, Aeronautical Accessories LLC, Airborne Tactical Advantage Company LLC, Arctic Cat, Arctic Cat ACE Holding GmbH, Arctic Cat France SARL, Arctic Cat GmbH, Arctic Cat Inc., Arctic Cat Production LLC, Arctic Cat Production Support LLC, Arctic Cat Sales Inc., Arctic Cat Shared Services LLC, Arctic Cat UK Ltd., Arkansas Aerospace Inc., Avco Corporation, Aviation Service servis letal doo Ljubljana, Aylesbury Automation, B/K Navigational Equipment sro, BELL TEXTRON ASIA (PTE.) LTD., Beech Aircraft Corporation, Beech Holdings, Beechcraft Defense Support Holding LLC, Beechcraft Domestic Service Company, Beechcraft Germany GmbH, Beechcraft International Holding LLC, Beechcraft International Service Company, Beechcraft New Zealand, Bell Textron Canada International Inc., Bell Textron Canada Limited/Limitée, Bell Textron Co. Ltd, Bell Textron Inc., Bell Textron Korea Inc., Bell Textron LLC, Bell Textron Miami Inc., Bell Textron Prague a.s., Bell Textron Rhode Island Inc., Bell Textron Services Inc., Bell Textron Supply Center BV, Bell Textron Technical Services Inc., Benzlers, Brazaco Mapri Industrias, Burkland, Cessna Aircraft Company, Cessna Citation European Service Center SAS (99.9%; 1 share – Textron France SAS), Cessna Düsseldorf Citation Service Center GmbH, Cessna Finance Corporation, Cessna Finance Export Corporation, Cessna Mexico S de RL de CV, Cessna Spanish Citation Service Center SLU, Cessna Zurich Citation Service Center GmbH, Citation Parts Distribution International Inc., Cushman Inc., Datacom Technologies, David Brown Group, Doncaster Citation Service Centre Limited, E-Z-GO Canada Limited, Energy Manufacturing, Flexalloy, HBC LLC, Hawker Beech de Mexico S de RL de CV, Hawker Beechcraft Argentina SA , Howe & Howe Inc., Howe and Howe Technologies, Industrial Technology Inc., InteSys Technologies, International Product Support Inc., KSB Annecy SAS, Kautex (Changchun) Plastics Technology Co. Ltd., Kautex (Chongqing) Plastic Technology Co. Ltd., Kautex (Guangzhou) Plastic Technology Co. Ltd., Kautex (Pinghu) Plastic Technology Co. Ltd., Kautex (Shanghai) Plastic Technology Co. Ltd., Kautex (Wuhan) Plastic Technology Co. Ltd., Kautex Corporation, Kautex Craiova srl, Kautex Germany Holding GmbH, Kautex Inc., Kautex Japan KK, Kautex Shanghai GmbH, Kautex Textron (UK) Limited, Kautex Textron Benelux BVBA, Kautex Textron Bohemia spol sro, Kautex Textron CVS Limited, Kautex Textron GmbH & Co. KG, Kautex Textron Ibérica SL, Kautex Textron Management Services Company de Puebla S. de RL de CV, Kautex Textron Portugal – Produtos Plásticos Sociedade Unipessoal Lda., Kautex Textron de Mexico S de RL de CV, Kautex Textron do Brasil Ltda., Kautex of Georgia Inc., Kaywood Products Corp., Klauke, LCI Corporation International, LLC Textron RUS, Maag, McCord Corporation, Mechtronix, Medical Numerics Inc., Midland Industrial Plastics, MillenWorks, MillenWorks Themed Technologies, MotorFist LLC, OPINICUS Simulation and Training Services LLC, OmniQuip International, Opinicus, Optical Boring Co., Opto-Electronics, Opto-Electronics Inc., Overwatch Systems, PEINER Umformtechnik, Pipistrel, Pirelli Tyres - General Rubber Goods (GRG) division, Premiair Aviation Maintenance Pty Ltd, Progressive Electronics, Ransomes, Ransomes Inc., Ransomes Investment LLC, Ransomes Jacobsen France SAS, Ransomes Jacobsen Limited, Ransomes Limited, Ransomes Pensions Trustee Company Limited, Replacement Part Solutions LLC, Response Technologies LLC, Rotor Blades Limited, Sukosim Verbindungselemente, TRU Simulation & Training Spain SL, TRU Simulation + Training Inc., TRU Simulation + Training LLC, TekGPS Engineering Srl, Textron Airland LLC, 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 Prague Service Center sro, Textron Aviation Rhode Island Inc., Textron Aviation Services de Mexico S de RL de CV, Textron Capital BV, Textron Communications Inc., Textron Far East Pte. Ltd., Textron Finance Holding Company, Textron Financial Corporation, Textron Financial Corporation Receivables Trust 2002-CP-2, Textron Fluid and Power Inc., Textron France Holding SAS, Textron France SAS, Textron Global Services Inc., Textron Ground Support Equipment Inc., Textron Ground Support Equipment UK Limited, Textron IPMP Inc., Textron India Private Limited , Textron Innovations Inc., Textron International Inc., 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 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 Trading (Shanghai) Co. Ltd., Textron UK Pension Trustee Limited, Textron Verwaltungs-GmbH, Turbine Engine Components Textron (Newington Operations) Inc., United Industrial Corporation, Westminster Insurance Company, Williams Machine & Tool, and Zhenjiang Bell Textron Aviation Services Limited.

When was Textron founded?

Textron was founded in 1923.

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 or via fax at 302-655-5049.

This page was last updated on 5/23/2022 by MarketBeat.com Staff

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