Textron (TXT) Stock Price, News & Analysis

Company Overview

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. The Bell segment supplies military and commercial helicopters, tiltrotor aircrafts, and related spare parts and services. The Textron Systems segment offers unmanned aircraft systems, electronic systems and solutions, advanced marine crafts, piston aircraft engines, live military air-to-air and air-to-ship training, weapons and related components, and armored and specialty vehicles. The Industrial segment offers blow-molded solutions, including conventional plastic fuel tanks and pressurized fuel tanks for hybrid vehicle applications, clear-vision systems, plastic tanks for catalytic reduction systems, and battery housing systems for use in electric vehicles primarily to automobile original equipment manufacturers (OEMs); and golf cars, off-road utility vehicles, powersports products, light transportation vehicles, aviation ground support equipment, professional turf-maintenance equipment, and turf-care vehicles to golf courses and resorts, government agencies and municipalities, consumers, outdoor enthusiasts, and commercial and industrial users. The Textron eAviation segment manufactures and sells light aircraft and gliders with electric and combustion engines; and provides other research and development initiatives related to sustainable aviation solutions. The Finance segment offers financing services to purchase new and pre-owned aviation aircraft and Bell helicopters. Textron Inc. was founded in 1923 and is headquartered in Providence, Rhode Island.

Key Stats

• Today's Range: $75.36 to $77.59
• 50-Day Range: $75.82 to $90.32
• 52-Week Range: $75.36 to $97.33
• Volume: 3.65 million shs
• Average Volume: 1.10 million shs
• Market Capitalization: $14.26 billion
• P/E Ratio: 16.89
• Dividend Yield: 0.10%
• Price Target: $101.56
• Consensus Rating: Hold

Textron Stock Analysis - MarketRank™

Textron scored higher than 91% of companies evaluated by MarketBeat, and ranked 8th out of 54 stocks in the aerospace sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

Textron has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 5 buy ratings, 3 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Textron has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 21.01%

Earnings Growth

Earnings for Textron are expected to grow by 21.01% in the coming year, from $5.52 to $6.68 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Textron is 16.89, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.04.

Price to Earnings Ratio vs. Sector

The P/E ratio of Textron is 16.89, which means that it is trading at a less expensive P/E ratio than the Aerospace sector average P/E ratio of about 36.26.

Price to Earnings Growth Ratio

Textron has a PEG Ratio of 1.46. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Textron has a P/B Ratio of 2.16. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.95% of the float of Textron has been sold short.

Short Interest Ratio / Days to Cover

Textron has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Textron has recently decreased by 1.64%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Textron has a dividend yield of 0.10%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Textron does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Textron is 1.76%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Textron will have a dividend payout ratio of 1.20% next year. This indicates that Textron will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -3.81

Percentage of Shares Shorted

1.95% of the float of Textron has been sold short.

Short Interest Ratio / Days to Cover

Textron has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Textron has recently decreased by 1.64%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.32

News Sentiment

Textron has a news sentiment score of 0.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.67 average news sentiment score of Aerospace companies.

News Coverage This Week

MarketBeat has tracked 17 news articles for Textron this week, compared to 11 articles on an average week.

Search Interest

Only 5 people have searched for TXT on MarketBeat in the last 30 days. This is a decrease of -44% compared to the previous 30 days.

MarketBeat Follows

12 people have added Textron to their MarketBeat watchlist in the last 30 days. This is an increase of 500% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Textron insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.70% of the stock of Textron is held by insiders.

Percentage Held by Institutions

86.03% of the stock of Textron is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TXT Stock Analysis - Frequently Asked Questions

How have TXT shares performed this year?

Textron's stock was trading at $80.42 at the beginning of 2024. Since then, TXT shares have decreased by 4.4% and is now trading at $76.85.
View the best growth stocks for 2024 here.

How were Textron's earnings last quarter?

Textron Inc. (NYSE:TXT) announced its quarterly earnings results on Thursday, October, 24th. The aerospace company reported $1.40 EPS for the quarter, missing the consensus estimate of $1.49 by $0.09. The company's quarterly revenue was up 2.5% compared to the same quarter last year.
Read the conference call transcript.

Does Textron have any subsidiaries?

The following companies are subsidiaries of Textron: Pipistrel, Howe and Howe Technologies, Arctic Cat, Able Aerospace, Able Engineering & Component Services, Beech Holdings, Mechtronix, and others.

Who are Textron's major shareholders?

Top institutional investors of Textron include State Street Corp (4.73%), Victory Capital Management Inc. (3.01%), Primecap Management Co. CA (2.85%) and Geode Capital Management LLC (2.39%). Insiders that own company stock include Scott C Donnelly, Frank T Connor, R Kerry Clark, Kathleen M Bader, E Robert Lupone and Mark S Bamford.
View institutional ownership trends.

How do I buy shares of Textron?

Shares of TXT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Textron own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Textron investors own include Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), TotalEnergies (TTE), The RMR Group (RMR) and Southern First Bancshares (SFST).

Company Calendar

• Ex-Dividend for 10/1 Dividend: 9/13/2024
• Dividend Payable: 10/01/2024
• Last Earnings: 10/24/2024
• Ex-Dividend for 1/1 Dividend: 12/13/2024
• Today: 12/22/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/01/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Aerospace
• Industry: Aircraft & parts
• Sub-Industry: Aerospace & Defense
• Current Symbol: NYSE:TXT
• CUSIP: 88320310
• CIK: 217346
• Web: www.textron.com
• Phone: (401) 421-2800
• Fax: 302-655-5049
• Employees: 35,000
• Year Founded: 1923

Price Target and Rating

• Average Stock Price Target: $101.56
• High Stock Price Target: $120.00
• Low Stock Price Target: $79.00
• Potential Upside/Downside: +32.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.44
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.55
• Trailing P/E Ratio: 16.89
• Forward P/E Ratio: 13.92
• P/E Growth: 1.46
• Net Income: $921 million
• Net Margins: 6.30%
• Pretax Margin: 7.45%
• Return on Equity: 16.02%
• Return on Assets: 6.71%

Debt

• Debt-to-Equity Ratio: 0.46
• Current Ratio: 1.83
• Quick Ratio: 0.82

Sales & Book Value

• Annual Sales: $13.98 billion
• Price / Sales: 1.02
• Cash Flow: $7.38 per share
• Price / Cash Flow: 10.42
• Book Value: $35.65 per share
• Price / Book: 2.16

Miscellaneous

• Outstanding Shares: 185,512,000
• Free Float: 182,358,000
• Market Cap: $14.26 billion
• Optionable: Optionable
• Beta: 1.25