Textron Inc. (NYSE:TXT) Receives Consensus Rating of “Hold” from Analysts

Shares of Textron Inc. (NYSE:TXT) have been assigned an average rating of “Hold” from the nine ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $101.56.

A number of research analysts have issued reports on TXT shares. JPMorgan Chase & Co. decreased their target price on Textron from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Monday, October 14th. UBS Group lowered their target price on Textron from $87.00 to $79.00 and set a “sell” rating for the company in a research note 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 research note on Friday, October 25th. TD Cowen downgraded shares of Textron from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $103.00 to $95.00 in a research report on Wednesday, September 25th. Finally, StockNews.com cut shares of Textron from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 12th.

Hedge Funds Weigh In On Textron

Several hedge funds have recently modified their holdings of the stock. Innealta Capital LLC acquired a new position in Textron during the second quarter valued at approximately $25,000. True Wealth Design LLC bought a new stake in shares of Textron during the 3rd quarter worth approximately $26,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Textron in the 2nd quarter valued at approximately $30,000. Oakworth Capital Inc. bought a new position in shares of Textron in the second quarter valued at $31,000. Finally, Family Firm Inc. acquired a new position in Textron during the second quarter worth $40,000. Institutional investors own 86.03% of the company’s stock.

Textron Stock Down 0.2 %

Textron stock opened at $80.92 on Monday. The firm has a market capitalization of $15.01 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 1.46 and a beta of 1.25. The company’s 50 day simple moving average is $84.94 and its 200 day simple moving average is $86.75. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.83 and a quick ratio of 0.82. Textron has a fifty-two week low of $76.98 and a fifty-two week high of $97.33.

Textron (NYSE:TXT) last announced its quarterly earnings results on Thursday, October 24th. The aerospace company reported $1.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.09). Textron had a return on equity of 16.02% and a net margin of 6.30%. The firm had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same period in the prior year, the business earned $1.49 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Textron will post 5.52 EPS for the current year.

Textron Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Friday, December 13th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.08 annualized dividend and a yield of 0.10%. Textron’s dividend payout ratio (DPR) is presently 1.76%.

About Textron

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.