Textron Inc. (NYSE:TXT) Stock Has Consensus Target Price of $102.44

Shares of Textron Inc. (NYSE:TXT) have received a consensus recommendation of “Hold” from the ten analysts that are presently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $102.44.

Several research analysts have weighed in on the company. UBS Group reiterated a “neutral” rating and issued a $95.00 target price on shares of Textron in a research note on Wednesday, July 29th. TD Cowen cut their price target on Textron from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Morgan Stanley set a $98.00 price target on Textron in a report on Wednesday, July 29th. Wall Street Zen lowered shares of Textron from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings cut shares of Textron from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, September 18th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TXT. QRG Capital Management Inc. lifted its position in Textron by 2.3% in the second quarter. QRG Capital Management Inc. now owns 30,356 shares of the aerospace company’s stock valued at $2,785,000 after purchasing an additional 687 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in Textron by 8.4% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,289 shares of the aerospace company’s stock worth $302,000 after purchasing an additional 254 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Textron by 4.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 112,739 shares of the aerospace company’s stock worth $10,342,000 after buying an additional 4,758 shares in the last quarter. State Street Corp raised its stake in shares of Textron by 0.9% during the 2nd quarter. State Street Corp now owns 9,830,439 shares of the aerospace company’s stock worth $901,942,000 after buying an additional 86,141 shares in the last quarter. Finally, Security National Bank of SO Dak acquired a new stake in shares of Textron in the 2nd quarter valued at approximately $30,000. 86.03% of the stock is owned by hedge funds and other institutional investors.

Textron Price Performance

Shares of NYSE:TXT opened at $76.53 on Friday. Textron has a one year low of $75.86 and a one year high of $101.57. The stock has a market capitalization of $13.16 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 1.11 and a beta of 0.90. The company has a 50-day simple moving average of $84.36 and a 200-day simple moving average of $88.46. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.85 and a current ratio of 1.86.

Textron (NYSE:TXT) last released its quarterly earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.07. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.81 billion. Textron had a return on equity of 14.30% and a net margin of 6.12%.The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company posted $1.55 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. On average, analysts predict that Textron will post 6.5 EPS for the current year.

Textron Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.08 annualized dividend and a dividend yield of 0.1%. Textron’s payout ratio is presently 1.51%.

About Textron

Textron Inc (NYSE: TXT) is a diversified industrial company that develops and manufactures aircraft, defense systems, specialized vehicles, and industrial products. Its portfolio includes businesses serving the aviation, defense, aerospace, and commercial sectors, with operations and customers in the United States and international markets.

Textron Aviation produces business jets, turboprop aircraft, and general aviation aircraft under brands including Beechcraft, Cessna, and Hawker. Bell designs and manufactures military and commercial helicopters, tiltrotor aircraft, and related support services.