Textron Inc. (NYSE:TXT) Receives $93.45 Average Target Price from Analysts

Textron Inc. (NYSE:TXT - Get Free Report) has been assigned an average recommendation of "Hold" from the eleven ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $93.45.

Several analysts have recently issued reports on TXT shares. JPMorgan Chase & Co. decreased their price objective on Textron from $90.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Robert W. Baird reduced their target price on shares of Textron from $100.00 to $92.00 and set an "outperform" rating on the stock in a report on Thursday, January 23rd. UBS Group lowered their price target on shares of Textron from $87.00 to $79.00 and set a "sell" rating for the company in a report on Friday, October 25th. Bank of America downgraded Textron from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $110.00 to $85.00 in a research report on Friday. Finally, TD Cowen raised Textron to a "hold" rating in a research report on Thursday, December 19th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Empirical Finance LLC grew its stake in Textron by 1.7% in the third quarter. Empirical Finance LLC now owns 7,047 shares of the aerospace company's stock valued at $624,000 after purchasing an additional 115 shares during the last quarter. Davis Investment Partners LLC grew its position in shares of Textron by 0.8% in 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 last quarter. Apollon Wealth Management LLC raised its stake in shares of 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 acquiring an additional 125 shares in the last quarter. Pflug Koory LLC lifted its position in Textron by 0.9% during the fourth quarter. Pflug Koory LLC now owns 13,778 shares of the aerospace company's stock valued at $1,054,000 after acquiring an additional 125 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its stake in Textron by 5.8% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 2,977 shares of the aerospace company's stock valued at $228,000 after acquiring an additional 163 shares in the last quarter. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

Textron Stock Performance

TXT traded down $1.87 during trading on Tuesday, hitting $76.93. The company's stock had a trading volume of 1,580,934 shares, compared to its average volume of 1,487,360. Textron has a one year low of $74.89 and a one year high of $97.33. The business's 50 day simple moving average is $79.78 and its 200-day simple moving average is $84.83. 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 firm has a market cap of $14.27 billion, a PE ratio of 17.85, a P/E/G ratio of 1.27 and a beta of 1.27.

Textron (NYSE:TXT - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $1.34 EPS for the quarter, topping analysts' consensus estimates of $1.27 by $0.07. Textron had a return on equity of 14.92% and a net margin of 6.01%. The business had revenue of $3.61 billion during the quarter, compared to analysts' expectations of $3.78 billion. During the same quarter in the prior year, the business posted $1.60 earnings per share. The business's quarterly revenue was down 7.2% on a year-over-year basis. As a group, sell-side analysts predict that Textron will post 6.15 EPS for the current fiscal year.

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.