Textron Inc. (NYSE:TXT) Receives $100.90 Consensus Price Target from Analysts

Textron Inc. (NYSE:TXT) has been given a consensus rating of “Moderate Buy” by the eleven analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $98.64.

TXT has been the subject of a number of analyst reports. Vertical Research upgraded Textron from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research note on Monday. Barclays cut their price objective on shares of Textron from $104.00 to $95.00 and set an “overweight” rating on the stock in a research report on Monday, December 23rd. UBS Group decreased their target price on shares of Textron from $87.00 to $79.00 and set a “sell” rating for the company in a research report on Friday, October 25th. Robert W. Baird cut their price target on shares of Textron from $109.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, StockNews.com lowered Textron from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 12th.

Textron Trading Up 0.6 %

NYSE TXT opened at $76.02 on Friday. Textron has a one year low of $74.89 and a one year high of $97.33. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.83. The company has a market capitalization of $14.10 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 1.46 and a beta of 1.27. The company’s 50-day simple moving average is $81.52 and its two-hundred day simple moving average is $85.49.

Textron (NYSE:TXT) last issued its quarterly earnings data on Thursday, October 24th. The aerospace company reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.09). The business had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.50 billion. Textron had a net margin of 6.30% and a return on equity of 16.02%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.49 earnings per share. Equities analysts forecast that Textron will post 5.52 EPS for the current fiscal year.

Textron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Friday, December 13th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date was Friday, December 13th. Textron’s dividend payout ratio is presently 1.76%.

Institutional Investors Weigh In On Textron

A number of institutional investors and hedge funds have recently modified their holdings of the company. True Wealth Design LLC purchased a new position in Textron during the 3rd quarter worth approximately $26,000. Capital Performance Advisors LLP acquired a new stake in shares of Textron in the third quarter worth $42,000. Truvestments Capital LLC purchased a new position in shares of Textron during the third quarter worth $43,000. Venturi Wealth Management LLC lifted its position in Textron by 69.5% during the third quarter. Venturi Wealth Management LLC now owns 566 shares of the aerospace company’s stock valued at $50,000 after purchasing an additional 232 shares during the period. Finally, Trust Co. of Vermont grew its position in Textron by 94.7% during the 3rd quarter. Trust Co. of Vermont now owns 915 shares of the aerospace company’s stock worth $81,000 after purchasing an additional 445 shares during the period. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Company Profile

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The 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.