Textron (NYSE:TXT) Sets New 12-Month Low - Here's Why

Textron Inc. (NYSE:TXT - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $74.12 and last traded at $74.82, with a volume of 97623 shares traded. The stock had previously closed at $76.51.

Analyst Ratings Changes

Several equities analysts have weighed in on TXT shares. Barclays decreased their target price on shares of Textron from $104.00 to $95.00 and set an "overweight" rating on the stock in a report on Monday, December 23rd. JPMorgan Chase & Co. lowered their price target on Textron from $90.00 to $88.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Bank of America lowered Textron from a "buy" rating to a "neutral" rating and cut their target price for the company from $110.00 to $85.00 in a research report on Friday, January 24th. Susquehanna lowered their target price on Textron from $100.00 to $90.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. Finally, UBS Group cut their price target on shares of Textron from $87.00 to $79.00 and set a "sell" rating on the stock in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Textron presently has an average rating of "Moderate Buy" and an average target price of $93.45.

Textron Trading Up 0.9 %

The firm has a market capitalization of $13.95 billion, a PE ratio of 17.45, a PEG ratio of 1.25 and a beta of 1.27. The company's 50-day moving average price is $78.66 and its 200-day moving average price is $84.11. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 1.83.

Textron (NYSE:TXT - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $1.34 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.07. The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.78 billion. Textron had a return on equity of 14.92% and a net margin of 6.01%. The business's revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.60 EPS. On average, sell-side analysts expect that Textron Inc. will post 6.1 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. True Wealth Design LLC acquired a new stake in shares of Textron in the 3rd quarter valued at about $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Textron during the fourth quarter worth approximately $31,000. Capital Performance Advisors LLP acquired a new position in shares of Textron in the 3rd quarter valued at $42,000. Truvestments Capital LLC purchased a new stake in Textron in the 3rd quarter valued at $43,000. Finally, Eastern Bank purchased a new position in Textron during the 4th quarter worth $42,000. Institutional investors and hedge funds own 86.03% of the company's stock.

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.