NYSE:TXT - Textron Stock Price, News, & Analysis

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$51.41 -0.62 (-1.19 %)
(As of 03/20/2019 04:00 PM ET)
Previous Close$52.03
Today's Range$51.09 - $52.16
52-Week Range$43.27 - $72.87
Volume1.37 million shs
Average Volume1.85 million shs
Market Capitalization$12.02 billion
P/E Ratio15.39
Dividend Yield0.15%
Beta1.67
Textron, Inc. is a multi-industry company, which leverages global network of aircraft, defense, industrial, and finance businesses to provide customers innovative solutions and services. The company operates its business through the following segments: Textron Aviation, Bell, Textron Systems, Industrial, and Finance. The Textron Aviation segment manufactures, sells, and services Beechcraft and Cessna aircraft. The Bell segment supplies military and commercial helicopters, tiltrotor aircraft, and related spare parts. The Textron Systems segment product lines consist of unmanned aircraft systems; land and marine systems; weapons and sensors; and a variety of defense and aviation mission support products and services. The Industrial segment designs and manufactures a variety of products under the Golf; Turf Care and Light Transportation Vehicles; Fuel Systems and Functional Components and Powered Tools; and Testing and Measurement Equipment product lines. The Finance segment consists of Textron Financial Corp. and its consolidated subsidiaries, which provides finances primarily to purchasers of new Cessna aircraft and Bell helicopters. The company founded by Royal Little in 1923 and is headquartered in Providence, RI.

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Industry, Sector and Symbol

Industry Aircraft & parts
Sub-IndustryAerospace & Defense
SectorAerospace
CUSIP88320310
Phone401-421-2800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$13.97 billion
Cash Flow$5.1616 per share
Book Value$21.37 per share

Profitability

Net Income$1.22 billion

Miscellaneous

Employees35,000
Market Cap$12.02 billion
Next Earnings Date4/17/2019 (Confirmed)
OptionableOptionable

Textron (NYSE:TXT) Frequently Asked Questions

What is Textron's stock symbol?

Textron trades on the New York Stock Exchange (NYSE) under the ticker symbol "TXT."

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

Textron announced a quarterly dividend on Thursday, February 28th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.02 per share on Monday, April 1st. This represents a $0.08 annualized dividend and a dividend yield of 0.16%. The ex-dividend date of this dividend is Thursday, March 14th. View Textron's Dividend History.

How will Textron's stock buyback program work?

Textron declared that its Board of Directors has initiated a share repurchase program on Thursday, April 6th 2017, which permits the company to buyback 25,000,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

How were Textron's earnings last quarter?

Textron Inc. (NYSE:TXT) issued its quarterly earnings data on Thursday, January, 24th. The aerospace company reported $1.15 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.98 by $0.17. The aerospace company had revenue of $3.75 billion for the quarter, compared to analysts' expectations of $3.99 billion. Textron had a return on equity of 15.51% and a net margin of 8.75%. The business's revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 EPS. View Textron's Earnings History.

When is Textron's next earnings date?

Textron is scheduled to release their next quarterly earnings announcement on Wednesday, April 17th 2019. View Earnings Estimates for Textron.

How can I listen to Textron's earnings call?

Textron will be holding an earnings conference call on Wednesday, April 17th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8002301951.

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

Textron issued an update on its FY19 earnings guidance on Thursday, January, 24th. The company provided earnings per share (EPS) guidance of $3.55-3.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.50. The company issued revenue guidance of flat YoY to ~$14 billion, compared to the consensus revenue estimate of $14.62 billion.Textron also updated its FY 2019 guidance to $3.55-3.75 EPS.

What price target have analysts set for TXT?

10 brokers have issued 12 month price objectives for Textron's shares. Their predictions range from $52.00 to $78.00. On average, they anticipate Textron's stock price to reach $68.2727 in the next year. This suggests a possible upside of 32.8% from the stock's current price. View Analyst Price Targets for Textron.

What is the consensus analysts' recommendation for Textron?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Textron in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Textron.

Has Textron been receiving favorable news coverage?

News headlines about TXT stock have trended somewhat positive this week, InfoTrie reports. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Textron earned a news sentiment score of 1.3 on InfoTrie's scale. They also assigned news coverage about the aerospace company a news buzz of 5.0 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the stock's share price in the next few days.

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 NVIDIA (NVDA), Micron Technology (MU), Bank of America (BAC), Raytheon (RTN), Boeing (BA), Cisco Systems (CSCO), Citigroup (C), Netflix (NFLX), Intel (INTC) and Starbucks (SBUX).

Who are Textron's key executives?

Textron's management team includes the folowing people:
  • Scott C. Donnelly, Chairman, President & Chief Executive Officer
  • Frank T. Connor, Chief Financial Officer & Executive Vice President
  • Kimberly A. Mackenroth, Chief Information Officer & Vice President
  • E. Robert Lupone, Secretary, Executive VP & General Counsel
  • Mark S. Bamford, Vice President & Controller

Who are Textron's major shareholders?

Textron's stock is owned by many different of retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (1.82%), Dimensional Fund Advisors LP (1.52%), Geode Capital Management LLC (1.34%), Bank of New York Mellon Corp (1.11%), Northern Trust Corp (1.08%) and Gamco Investors INC. ET AL (0.99%). 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 Boston Partners, American Century Companies Inc., Massachusetts Financial Services Co. MA, Lord Abbett & CO. LLC, First Trust Advisors LP, Eaton Vance Management, FMR LLC and Scout Investments Inc.. Company insiders that have sold Textron company stock in the last year include E Robert Lupone, Frank T Connor, Julie G Duffy, Mark S Bamford and Scott C Donnelly. View Insider Buying and Selling for Textron.

Which institutional investors are buying Textron stock?

TXT stock was purchased by a variety of institutional investors in the last quarter, including Levin Capital Strategies L.P., Oregon Public Employees Retirement Fund, D. E. Shaw & Co. Inc., State of New Jersey Common Pension Fund D, Bank of New York Mellon Corp, Squarepoint Ops LLC, Millennium Management LLC and Victory Capital Management Inc.. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Textron's stock price today?

One share of TXT stock can currently be purchased for approximately $51.41.

How big of a company is Textron?

Textron has a market capitalization of $12.02 billion and generates $13.97 billion in revenue each year. The aerospace company earns $1.22 billion in net income (profit) each year or $3.34 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 http://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.


MarketBeat Community Rating for Textron (NYSE TXT)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  445 (Vote Outperform)
Underperform Votes:  423 (Vote Underperform)
Total Votes:  868
MarketBeat's community ratings are surveys of what our community members think about Textron and other stocks. Vote "Outperform" if you believe TXT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TXT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/20/2019 by MarketBeat.com Staff

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