Textron (NYSE:TXT) Hits New 12-Month Low - Should You Sell?

Textron Inc. (NYSE:TXT - Get Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as $75.00 and last traded at $75.58, with a volume of 1019312 shares trading hands. The stock had previously closed at $75.41.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TXT. 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 note on Friday, October 25th. Vertical Research upgraded shares of Textron from a "hold" rating to a "buy" rating and set a $91.00 price objective on the stock in a research note on Monday. Robert W. Baird cut their target price on shares of Textron from $109.00 to $100.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. StockNews.com cut Textron from a "strong-buy" rating to a "buy" rating in a report on Thursday, September 12th. Finally, Barclays dropped their price objective on Textron from $104.00 to $95.00 and set an "overweight" rating on the stock in a research note on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Textron presently has a consensus rating of "Moderate Buy" and a consensus target price of $100.00.

Textron Stock Performance

The company has a current ratio of 1.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.46. The company has a market cap of $14.02 billion, a P/E ratio of 16.61, a price-to-earnings-growth ratio of 1.46 and a beta of 1.27. The company has a 50 day moving average price of $81.73 and a 200-day moving average price of $85.63.

Textron (NYSE:TXT - Get Free Report) last posted 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). The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.50 billion. Textron had a return on equity of 16.02% and a net margin of 6.30%. The firm's revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company posted $1.49 EPS. On average, equities analysts expect that Textron Inc. will post 5.52 earnings per share for the current fiscal year.

Textron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Friday, December 13th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.11%. The ex-dividend date was Friday, December 13th. Textron's dividend payout ratio (DPR) is currently 1.76%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Brandes Investment Partners LP raised its position in shares of Textron by 20.0% during the second quarter. Brandes Investment Partners LP now owns 1,549,551 shares of the aerospace company's stock worth $133,096,000 after acquiring an additional 258,778 shares during the last quarter. AQR Capital Management LLC raised its holdings in Textron by 18.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,451,293 shares of the aerospace company's stock worth $124,608,000 after purchasing an additional 231,173 shares during the last quarter. Fidelity National Financial Inc. acquired a new position in shares of Textron in the 2nd quarter worth approximately $19,748,000. Distillate Capital Partners LLC boosted its stake in shares of Textron by 101,299.4% in the 2nd quarter. Distillate Capital Partners LLC now owns 166,295 shares of the aerospace company's stock valued at $14,278,000 after purchasing an additional 166,131 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Textron by 6.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,808,600 shares of the aerospace company's stock worth $241,152,000 after buying an additional 160,923 shares during the period. 86.03% of the stock is owned by institutional investors.

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.