Textron Inc. (NYSE:TXT) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Textron Inc. (NYSE:TXT) have been given a consensus recommendation of “Moderate Buy” by the ten research firms that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $102.4444.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Amundi lifted its stake in Textron by 6.1% in the second quarter. Amundi now owns 135,965 shares of the aerospace company’s stock valued at $12,472,000 after buying an additional 7,787 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Textron by 1.5% in the 2nd quarter. HighTower Advisors LLC now owns 35,311 shares of the aerospace company’s stock valued at $3,239,000 after acquiring an additional 514 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Textron in the 2nd quarter valued at $35,958,000. California State Teachers Retirement System raised its position in Textron by 10,479.0% in the 2nd quarter. California State Teachers Retirement System now owns 24,248,550 shares of the aerospace company’s stock valued at $2,224,319,000 after purchasing an additional 24,019,337 shares during the last quarter. Finally, Varenne Capital Partners acquired a new stake in Textron during the 2nd quarter worth $5,790,000. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Trading Down 1.2%

TXT opened at $79.61 on Wednesday. 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 has a one year low of $78.12 and a one year high of $101.57. The company has a market cap of $13.69 billion, a P/E ratio of 15.02, a PEG ratio of 1.17 and a beta of 0.90. The business’s 50-day simple moving average is $88.48 and its 200-day simple moving average is $90.85.

Textron (NYSE:TXT) last announced its quarterly earnings results on Tuesday, July 28th. The aerospace company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.07. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.81 billion. Textron had a return on equity of 14.30% and a net margin of 6.12%.The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.55 earnings per share. Textron has set its FY 2026 guidance at 6.400-6.600 EPS. As a group, equities research analysts expect that Textron will post 6.5 EPS for the current fiscal year.

Textron Announces Dividend

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

About Textron

Textron Inc is a global, multi-industry manufacturing company headquartered in Providence, Rhode Island. The company designs, manufactures and services a diverse range of products for the aerospace, defense and industrial markets. Textron operates through four primary business segments—Textron Aviation, Bell, Textron Systems and Industrial—each of which serves customers around the world.

Textron Aviation is known for its Cessna and Beechcraft branded business jets and turboprop aircraft, offering models that range from light jets and turboprops to larger cabin aircraft designed for corporate and charter use.