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NYSE:TXT

Textron - TXT Stock Forecast, Price & News

$66.70
+2.27 (+3.52%)
(As of 08/10/2022 01:33 PM ET)
Add
Compare
Today's Range
$65.74
$66.86
50-Day Range
$57.93
$68.71
52-Week Range
$57.11
$79.45
Volume
13,464 shs
Average Volume
1.24 million shs
Market Capitalization
$14.11 billion
P/E Ratio
18.37
Dividend Yield
0.12%
Price Target
$85.00

Textron MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
25.1% Upside
$83.29 Price Target
Short Interest
Healthy
2.38% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.78
Upright™ Environmental Score
News Sentiment
-0.06mentions of Textron in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
15.40%
From $3.96 to $4.57 Per Share

Overall MarketRank

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

2.42 out of 5 stars

Aerospace Sector

9th out of 43 stocks

Aircraft & Parts Industry

1st 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.

Textron Price Performance

Shares of TXT traded down $0.45 during midday trading on Tuesday, reaching $64.43. The stock had a trading volume of 659,916 shares, compared to its average volume of 1,238,000. Textron has a 52 week low of $57.11 and a 52 week high of $79.45. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.30 and a quick ratio of 1.22. The firm's 50 day moving average price is $62.55 and its 200-day moving average price is $66.97. The company has a market capitalization of $13.63 billion, a P/E ratio of 17.75, a P/E/G ratio of 1.30 and a beta of 1.56.

Textron (NYSE:TXT - Get Rating) last posted its quarterly earnings data on Thursday, July 28th. The aerospace company reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.12. Textron had a return on equity of 12.25% and a net margin of 6.43%. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.22 billion. During the same quarter in the previous year, the business earned $0.81 EPS. The company's quarterly revenue was down 1.2% compared to the same quarter last year. On average, analysts forecast that Textron will post 3.96 earnings per share for the current fiscal year.

Textron Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Investors of record on Friday, September 9th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date is Thursday, September 8th. Textron's payout ratio is 2.20%.

Analyst Ratings Changes

A number of research firms recently issued reports on TXT. Susquehanna Bancshares reduced their price objective on Textron from $90.00 to $84.00 and set a "positive" rating for the company in a research report on Friday, July 29th. Cfra lifted their target price on Textron to $73.00 in a research note on Tuesday. Bank of America cut their target price on Textron from $74.00 to $70.00 and set a "neutral" rating on the stock in a research note on Thursday, July 28th. Cowen set a $86.00 target price on Textron in a research note on Tuesday, July 19th. Finally, StockNews.com downgraded Textron from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, June 29th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $83.29.

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TXT Stock News Headlines

Susquehanna Trims Textron (NYSE:TXT) Target Price to $84.00
Bank of America Trims Textron (NYSE:TXT) Target Price to $70.00
Textron (NYSE:TXT) Price Target Cut to $84.00
Textron (TXT) Q2 2022 Earnings Call Transcript
Textron Reports Second Quarter 2022 Results
Textron (TXT) Q2 Earnings Surpass Estimates
Textron (TXT) Set to Announce Earnings on Thursday
See More Headlines
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TXT Company Calendar

Ex-Dividend for 7/1 Dividend
6/09/2022
Dividend Payable
7/01/2022
Last Earnings
7/28/2022
Today
8/10/2022
Ex-Dividend for 10/1 Dividend
9/08/2022
Dividend Payable
10/01/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

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
$83.29
High Stock Price Forecast
$95.00
Low Stock Price Forecast
$70.00
Forecasted Upside/Downside
+27.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$746 million
Pretax Margin
7.70%

Debt

Sales & Book Value

Annual Sales
$12.38 billion
Cash Flow
$5.34 per share
Book Value
$30.92 per share

Miscellaneous

Free Float
208,359,000
Market Cap
$14.11 billion
Optionable
Optionable
Beta
1.56

Social Links


Key Executives














TXT Stock - Frequently Asked Questions

Should I buy or sell Textron stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Textron in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street 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 2022?

5 brokers have issued 1 year price objectives for Textron's shares. Their TXT share price forecasts range from $70.00 to $95.00. On average, they expect the company's stock price to reach $83.29 in the next year. This suggests a possible upside of 24.8% 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 on January 1st, 2022. Since then, TXT stock has decreased by 13.6% and is now trading at $66.71.
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, October 27th 2022.
View our TXT earnings forecast
.

How were Textron's earnings last quarter?

Textron Inc. (NYSE:TXT) released its earnings results on Thursday, July, 28th. The aerospace company reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.12. The aerospace company had revenue of $3.15 billion for the quarter, compared to analysts' expectations of $3.22 billion. Textron had a net margin of 6.43% and a trailing twelve-month return on equity of 12.25%. The firm's quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.81 EPS.
Read the conference call transcript
.

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

Textron declared a quarterly dividend on Tuesday, July 26th. Investors of record on Friday, September 9th will be given a dividend of $0.02 per share on Saturday, October 1st. This represents a $0.08 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend is Thursday, September 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 0.12%. The dividend payout ratio is 2.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TXT will have a dividend payout ratio of 1.75% 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 issued an update on its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $3.80-$4.00 for the period. 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 a variety of retail and institutional investors. Top institutional shareholders include Victory Capital Management Inc. (2.67%), TD Asset Management Inc. (0.88%), Pzena Investment Management LLC (0.31%), AustralianSuper Pty Ltd (0.30%), Sumitomo Mitsui Trust Holdings Inc. (0.30%) and Russell Investments Group Ltd. (0.26%). 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 $66.71.

How much money does Textron make?

Textron (NYSE:TXT) has a market capitalization of $14.11 billion and generates $12.38 billion in revenue each year. The aerospace company earns $746 million in net income (profit) each year or $3.63 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

When was Textron founded?

Textron was founded in 1923.

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 8/10/2022 by MarketBeat.com Staff

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