Textron Inc. (NYSE:TXT) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Textron Inc. (NYSE:TXT - Get Free Report) have been given an average recommendation of "Moderate Buy" by the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $100.90.

Several analysts have weighed in on the stock. TD Cowen upgraded shares of Textron to a "hold" rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. dropped their price objective on shares of Textron from $100.00 to $95.00 and set a "neutral" rating on the stock in a research note on Monday, October 14th. Barclays decreased their target price on Textron from $104.00 to $95.00 and set an "overweight" rating for the company in a research note on Monday, December 23rd. UBS Group dropped 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, StockNews.com lowered 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 large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Textron by 6.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,808,600 shares of the aerospace company's stock valued at $241,152,000 after acquiring an additional 160,923 shares in the last quarter. Brandes Investment Partners LP boosted its stake in Textron by 20.0% during the 2nd quarter. Brandes Investment Partners LP now owns 1,549,551 shares of the aerospace company's stock valued at $133,096,000 after purchasing an additional 258,778 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Textron by 18.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,451,293 shares of the aerospace company's stock valued at $124,608,000 after purchasing an additional 231,173 shares during the period. TD Asset Management Inc raised its stake in shares of Textron by 3.2% in the 2nd quarter. TD Asset Management Inc now owns 1,087,342 shares of the aerospace company's stock worth $93,359,000 after buying an additional 33,394 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of Textron by 3.9% in the second quarter. Hsbc Holdings PLC now owns 626,323 shares of the aerospace company's stock valued at $53,830,000 after buying an additional 23,404 shares during the period. Institutional investors and hedge funds own 86.03% of the company's stock.

Textron Stock Down 0.1 %

Shares of TXT stock traded down $0.06 during trading hours on Friday, hitting $75.73. 1,191,075 shares of the company were exchanged, compared to its average volume of 1,185,938. The stock has a market capitalization of $14.05 billion, a price-to-earnings ratio of 16.64, a P/E/G ratio of 1.46 and a beta of 1.27. Textron has a one year low of $75.09 and a one year high of $97.33. The business's 50-day simple moving average is $82.01 and its two-hundred day simple moving average is $85.79. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.83.

Textron (NYSE:TXT - Get Free Report) last released its earnings results on Thursday, October 24th. The aerospace company reported $1.40 EPS 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 EPS. The company's quarterly revenue was up 2.5% on a year-over-year basis. Sell-side analysts predict that Textron will post 5.52 EPS for the current fiscal year.

Textron Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Investors of record on Friday, December 13th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date of this dividend was Friday, December 13th. Textron's dividend payout ratio is currently 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.