Textron Inc. (NYSE:TXT) Receives Average Rating of “Hold” from Brokerages

Shares of Textron Inc. (NYSE:TXT) have been assigned an average rating of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $93.45.

A number of equities research analysts have commented on the company. Robert W. Baird reduced their price target on Textron from $100.00 to $92.00 and set an “outperform” rating on the stock in a research report on Thursday, January 23rd. Barclays reduced their price target on Textron from $104.00 to $95.00 and set an “overweight” rating on the stock in a research report on Monday, December 23rd. TD Cowen upgraded Textron to a “hold” rating in a research report on Thursday, December 19th. UBS Group reduced their price target on Textron from $87.00 to $79.00 and set a “sell” rating on the stock in a research report on Friday, October 25th. Finally, Vertical Research upgraded Textron from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research report on Monday, January 6th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Empirical Finance LLC raised its stake in Textron by 1.7% during the 3rd quarter. Empirical Finance LLC now owns 7,047 shares of the aerospace company’s stock worth $624,000 after buying an additional 115 shares during the period. Davis Investment Partners LLC raised its stake in Textron by 0.8% during the 3rd quarter. Davis Investment Partners LLC now owns 14,828 shares of the aerospace company’s stock worth $1,290,000 after buying an additional 118 shares during the period. Apollon Wealth Management LLC raised its stake in Textron by 4.9% during the 3rd quarter. Apollon Wealth Management LLC now owns 2,655 shares of the aerospace company’s stock worth $235,000 after buying an additional 125 shares during the period. Pflug Koory LLC raised its stake in Textron by 0.9% during the 4th quarter. Pflug Koory LLC now owns 13,778 shares of the aerospace company’s stock worth $1,054,000 after buying an additional 125 shares during the period. Finally, V Square Quantitative Management LLC raised its stake in Textron by 5.7% during the 4th quarter. V Square Quantitative Management LLC now owns 2,611 shares of the aerospace company’s stock worth $200,000 after buying an additional 141 shares during the period. 86.03% of the stock is owned by institutional investors and hedge funds.

Textron Trading Down 0.2 %

Shares of TXT stock opened at $76.54 on Tuesday. The firm has a market capitalization of $14.20 billion, a P/E ratio of 17.76, a P/E/G ratio of 1.24 and a beta of 1.27. Textron has a twelve month low of $74.89 and a twelve month high of $97.33. The company has a quick ratio of 0.82, a current ratio of 1.83 and a debt-to-equity ratio of 0.40. The stock’s fifty day simple moving average is $79.27 and its 200 day simple moving average is $84.46.

Textron (NYSE:TXT) last issued its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. The business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.78 billion. Textron had a return on equity of 14.92% and a net margin of 6.01%. Textron’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.60 EPS. As a group, sell-side analysts predict that Textron will post 6.1 EPS for the current fiscal year.

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.