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NYSE:TXT

Textron - TXT Stock Forecast, Price & News

$72.41
-0.59 (-0.81%)
(As of 12/9/2022 11:09 AM ET)
Add
Compare
Today's Range
$72.36
$73.22
50-Day Range
$58.26
$73.57
52-Week Range
$57.11
$79.45
Volume
18,496 shs
Average Volume
1.28 million shs
Market Capitalization
$15.12 billion
P/E Ratio
18.71
Dividend Yield
0.11%
Price Target
$79.40

Textron MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
8.9% Upside
$79.40 Price Target
Short Interest
Healthy
1.67% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.06
Upright™ Environmental Score
News Sentiment
0.68mentions of Textron in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.20%
From $4.02 to $4.43 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.88 out of 5 stars

Aerospace Sector

33rd out of 47 stocks

Aircraft & Parts Industry

3rd out of 3 stocks

TXT stock logo

About Textron (NYSE:TXT) Stock

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.

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TXT Stock News Headlines

Textron Elects Thomas A. Kennedy to Board of Directors
Textron Adds 5% On Receipt Of Army Contract
Textron Inc. (TXT) To Go Ex-Dividend on December 8th
Textron Aviation seeks new IRB deal to help fuel growth
Army official updates timeframe on FLRAA helicopter award
U.S. Army updates on process for FLRAA helicopter award
Embraer (ERJ) Q3 Earnings Lag Estimates, Revenues Fall Y/Y
Service work offsets delivery dip for Bombardier
Return Trends At Textron (NYSE:TXT) Aren't Appealing
See More Headlines
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TXT Company Calendar

Ex-Dividend for 10/1 Dividend
9/08/2022
Dividend Payable
10/01/2022
Last Earnings
10/27/2022
Ex-Dividend for 1/1 Dividend
12/08/2022
Today
12/09/2022
Fiscal Year End
12/31/2022
Dividend Payable
1/01/2023
Next Earnings (Estimated)
1/26/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$79.40
High Stock Price Forecast
$86.00
Low Stock Price Forecast
$70.00
Forecasted Upside/Downside
+9.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$746 million
Pretax Margin
8.01%

Debt

Sales & Book Value

Annual Sales
$12.38 billion
Cash Flow
$5.15 per share
Book Value
$30.92 per share

Miscellaneous

Free Float
205,639,000
Market Cap
$15.12 billion
Optionable
Optionable
Beta
1.51

Social Links


Key Executives

  • Mr. Scott C. DonnellyMr. Scott C. Donnelly (Age 60)
    Chairman, Pres & CEO
    Comp: $4.97M
  • Mr. Frank Thomas Connor (Age 62)
    Exec. VP & CFO
    Comp: $3.04M
  • Mr. E. Robert LuponeMr. E. Robert Lupone (Age 62)
    Exec. VP, Gen. Counsel, Sec. & Chief Compliance Officer
    Comp: $2.12M
  • Ms. Julie G. Duffy (Age 56)
    Exec. VP & Chief HR Officer
    Comp: $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 and Kautex
  • Ms. Shannon H. Hines
    Sr. VP of Gov. Affairs & Washington Operations
  • Mr. Brett Pierson
    Sr. VP of Defense & Special Missions













TXT Stock - Frequently Asked Questions

Should I buy or sell Textron stock right now?

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

What is Textron's stock price forecast for 2023?

4 Wall Street research analysts have issued 12 month target prices for Textron's stock. Their TXT share price forecasts range from $70.00 to $86.00. On average, they expect the company's share price to reach $79.40 in the next year. This suggests a possible upside of 8.8% from the stock's current price.
View analysts price targets for TXT
or view top-rated stocks among Wall Street analysts.

How have TXT shares performed in 2022?

Textron's stock was trading at $77.20 at the beginning of 2022. Since then, TXT stock has decreased by 5.4% and is now trading at $73.00.
View the best growth stocks for 2022 here
.

When is Textron's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
View our TXT earnings forecast
.

How were Textron's earnings last quarter?

Textron Inc. (NYSE:TXT) released its quarterly earnings results on Thursday, October, 27th. The aerospace company reported $1.06 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.12. The aerospace company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.21 billion. Textron had a net margin of 6.71% and a trailing twelve-month return on equity of 12.40%.

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

Textron announced a quarterly dividend on Wednesday, October 26th. Stockholders of record on Friday, December 9th will be given a dividend of $0.02 per share on Sunday, January 1st. This represents a $0.08 annualized dividend and a yield of 0.11%. The ex-dividend date is Thursday, December 8th.
Read our dividend analysis for TXT
.

Is Textron a good dividend stock?

Textron (NYSE:TXT) pays an annual dividend of $0.08 per share and currently has a dividend yield of 0.11%. The dividend payout ratio is 2.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TXT will have a dividend payout ratio of 1.81% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TXT.

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

Textron updated its FY 2022 earnings guidance on Thursday, November, 3rd. The company provided earnings per share (EPS) guidance of $3.90-$4.00 for the period, compared to the consensus earnings per share estimate of $3.90. The company issued revenue guidance of -.

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

206 employees have rated Textron Chief Executive Officer Scott C. Donnelly on Glassdoor.com. Scott C. Donnelly has an approval rating of 79% among the company'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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.35%), BlackRock Inc. (8.08%), State Street Corp (4.26%), Price T Rowe Associates Inc. MD (3.79%), Boston Partners (3.26%) and Victory Capital Management Inc. (3.09%). Insiders that own company 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
.

How do I buy shares of Textron?

Shares of TXT stock 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 $73.00.

How much money does Textron make?

Textron (NYSE:TXT) has a market capitalization of $15.24 billion and generates $12.38 billion in revenue each year. The aerospace company earns $746 million in net income (profit) each year or $3.87 on an earnings per share basis.

How many employees does Textron have?

The company 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.
Read More
How can I contact Textron?

Textron's mailing address is 40 WESTMINSTER STREET, PROVIDENCE RI, 02903. The official website for the company is www.textron.com. The aerospace company can be reached via phone at (401) 421-2800 or via fax at 302-655-5049.

This page (NYSE:TXT) was last updated on 12/9/2022 by MarketBeat.com Staff