Textron (NYSE:TXT) Hits New 52-Week Low - Time to Sell?

Textron Inc. (NYSE:TXT - Get Free Report)'s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $71.44 and last traded at $71.38, with a volume of 414653 shares changing hands. The stock had previously closed at $74.02.

Analysts Set New Price Targets

Several brokerages recently commented on TXT. Susquehanna dropped their target price on Textron from $100.00 to $90.00 and set a "positive" rating on the stock in a report on Wednesday, January 8th. Barclays cut their price objective on Textron from $104.00 to $95.00 and set an "overweight" rating for the company in a report on Monday, December 23rd. Morgan Stanley lowered their target price on Textron from $86.00 to $82.00 and set an "equal weight" rating on the stock in a report on Thursday, January 23rd. JPMorgan Chase & Co. cut their price target on shares of Textron from $90.00 to $88.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Finally, Citigroup lowered their price objective on shares of Textron from $118.00 to $111.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $93.45.

Textron Price Performance

The stock's fifty day moving average is $75.54 and its 200-day moving average is $82.04. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.76 and a quick ratio of 0.84. The stock has a market capitalization of $13.15 billion, a P/E ratio of 16.75, a PEG ratio of 1.18 and a beta of 1.27.

Textron (NYSE:TXT - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share for the quarter, topping the consensus estimate 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 previous year, the firm earned $1.60 EPS. The firm's revenue was down 7.2% compared to the same quarter last year. On average, equities analysts anticipate that Textron Inc. will post 6.12 earnings per share for the current year.

Textron Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.02 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.11%. Textron's dividend payout ratio is currently 1.86%.

Insiders Place Their Bets

In related news, VP Mark S. Bamford sold 5,451 shares of Textron stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $72.68, for a total value of $396,178.68. Following the completion of the transaction, the vice president now directly owns 18,223 shares of the company's stock, valued at $1,324,447.64. The trade was a 23.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.70% of the company's stock.

Institutional Trading of Textron

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. True Wealth Design LLC bought a new stake in Textron in the third quarter valued at about $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Textron during the 4th quarter worth about $31,000. Capital Performance Advisors LLP bought a new stake in shares of Textron in the 3rd quarter valued at about $42,000. Truvestments Capital LLC acquired a new stake in shares of Textron in the 3rd quarter valued at approximately $43,000. Finally, Eastern Bank bought a new position in Textron during the 4th quarter worth approximately $42,000. 86.03% of the stock is currently owned by institutional investors and hedge funds.

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.