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S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
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S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
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S&P 500   3,811.15
DOW   30,932.37
QQQ   314.14
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NYSE:TXT

Textron Stock Forecast, Price & News

$50.34
-0.23 (-0.45 %)
(As of 02/26/2021 12:00 AM ET)
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Today's Range
$49.38
Now: $50.34
$51.04
50-Day Range
$45.26
MA: $49.09
$53.48
52-Week Range
$20.26
Now: $50.34
$53.91
Volume1.56 million shs
Average Volume1.11 million shs
Market Capitalization$11.39 billion
P/E Ratio42.30
Dividend Yield0.16%
Beta1.77
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 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.
Textron logo

Industry, Sector and Symbol

Industry Aircraft & parts
Sub-IndustryAerospace & Defense
SectorAerospace
CUSIP88320310
Phone401-421-2800
Employees35,000
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$13.63 billion
Cash Flow$5.79 per share
Book Value$24.17 per share

Profitability

Net Income$815 million

Miscellaneous

Market Cap$11.39 billion
Next Earnings Date4/29/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.90 out of 5 stars

Aerospace Sector

9th out of 75 stocks

Aircraft & Parts Industry

1st out of 4 stocks

Analyst Opinion: 1.2Community Rank: 2.5Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
$50.34
-0.23 (-0.45 %)
(As of 02/26/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Textron (NYSE:TXT) Frequently Asked Questions

Is Textron a buy right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Textron in the last year. There are currently 7 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Textron stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TXT, but not buy additional shares or sell existing shares.
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 "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Textron wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Textron?

Textron saw a decrease in short interest during the month of January. As of January 15th, there was short interest totaling 2,760,000 shares, a decrease of 15.1% from the December 31st total of 3,250,000 shares. Based on an average daily trading volume, of 1,220,000 shares, the days-to-cover ratio is presently 2.3 days. Approximately 1.2% of the company's shares are short sold.
View Textron's Short Interest
.

When is Textron's next earnings date?

Textron is scheduled to release its next quarterly earnings announcement on Thursday, April 29th 2021.
View our earnings forecast for Textron
.

How were Textron's earnings last quarter?

Textron Inc. (NYSE:TXT) issued its quarterly earnings results on Wednesday, January, 27th. The aerospace company reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.15. The aerospace company earned $3.67 billion during the quarter, compared to the consensus estimate of $3.50 billion. Textron had a trailing twelve-month return on equity of 8.69% and a net margin of 2.26%. Textron's revenue for the quarter was down 8.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.11 earnings per share.
View Textron's earnings history
.

How has Textron's stock price been impacted by 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 shares have increased by 66.5% and is now trading at $50.34.
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, February 24th. Stockholders of record on Friday, March 12th will be paid a dividend of $0.02 per share on Thursday, April 1st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date is Thursday, March 11th.
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 0.16%. Textron does not yet have a strock track record of dividend growth. The dividend payout ratio of Textron is 2.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Textron will have a dividend payout ratio of 2.97% 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 FY21 earnings guidance on Wednesday, January, 27th. The company provided EPS guidance of $2.70-2.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.69. The company issued revenue guidance of $12.5 billion, compared to the consensus revenue estimate of $12.62 billion.

What price target have analysts set for TXT?

11 brokerages have issued 12-month price targets for Textron's shares. Their forecasts range from $30.00 to $55.00. On average, they anticipate Textron's share price to reach $42.91 in the next twelve months. This suggests that the stock has a possible downside of 14.8%.
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 $3.07M)
  • Mr. Frank Thomas Connor, Exec. VP & CFO (Age 61, Pay $2.02M)
  • Mr. E. Robert Lupone, Exec. VP, Gen. Counsel, Sec. & Chief Compliance Officer (Age 61, Pay $1.45M)
  • Ms. Julie G. Duffy, Exec. VP of HR (Age 55, Pay $960k)
  • 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
  • Mr. Stewart Holmes, Sr. VP of 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.

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 institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (15.35%), BlackRock Inc. (7.44%), Pzena Investment Management LLC (3.41%), Victory Capital Management Inc. (2.95%), Primecap Management Co. CA (2.80%) and Boston Partners (2.76%). 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 BlackRock Inc., JPMorgan Chase & Co., First Trust Advisors LP, Morgan Stanley, Brandes Investment Partners LP, Bank of New York Mellon Corp, Sumitomo Mitsui Trust Holdings Inc., and Northern Trust Corp. Company insiders that have sold Textron company stock in the last year include 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 major investors are buying Textron stock?

TXT stock was bought by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, SummerHaven Investment Management LLC, Rothschild & Co. Asset Management US Inc., U S Global Investors Inc., Cibc World Markets Corp, Brandywine Global Investment Management LLC, Renaissance Technologies LLC, and Trinity Street Asset Management LLP.
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 $50.34.

How much money does Textron make?

Textron has a market capitalization of $11.39 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.

How many employees does Textron have?

Textron employs 35,000 workers across the globe.

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 2/27/2021 by MarketBeat.com Staff

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