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NYSE:TXT

Textron (TXT) Stock Price, News & Analysis

$82.35
+0.86 (+1.06%)
(As of 10/25/2024 ET)

About Textron Stock (NYSE:TXT)

Key Stats

Today's Range
$81.87
$83.46
50-Day Range
$81.49
$91.20
52-Week Range
$74.13
$97.33
Volume
1.63 million shs
Average Volume
1.08 million shs
Market Capitalization
$15.43 billion
P/E Ratio
17.45
Dividend Yield
0.10%
Price Target
$101.56
Consensus Rating
Hold

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.

Textron Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
89th Percentile Overall Score

TXT MarketRank™: 

Textron scored higher than 89% of companies evaluated by MarketBeat, and ranked 5th out of 46 stocks in the aerospace sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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 been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Textron's stock forecast and price target.
  • Earnings Growth

    Earnings for Textron are expected to grow by 14.26% in the coming year, from $6.10 to $6.97 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Textron is 17.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.42.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Textron is 17.45, which means that it is trading at a less expensive P/E ratio than the Aerospace sector average P/E ratio of about 30.54.

  • Price to Earnings Growth Ratio

    Textron has a PEG Ratio of 1.43. 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 2.31. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Textron's valuation and earnings.
  • Percentage of Shares Shorted

    1.96% 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 3.9, 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 4.45%, indicating that investor sentiment is improving.
  • Dividend Yield

    Textron has a dividend yield of 0.09%, 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 1.69%. 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 1.15% next year. This indicates that Textron will be able to sustain or increase its dividend.

  • Read more about Textron's dividend.
  • Percentage of Shares Shorted

    1.96% 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 3.9, 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 4.45%, indicating that investor sentiment is improving.
  • News Sentiment

    Textron has a news sentiment score of 0.07. 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 0.56 average news sentiment score of Aerospace companies.
  • News Coverage This Week

    MarketBeat has tracked 52 news articles for Textron this week, compared to 10 articles on an average week.
  • Search Interest

    Only 4 people have searched for TXT on MarketBeat in the last 30 days. This is a decrease of -64% compared to the previous 30 days.
  • MarketBeat Follows

    7 people have added Textron to their MarketBeat watchlist in the last 30 days. This is an increase of 75% compared to the previous 30 days.
  • 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.

  • Read more about Textron's insider trading history.

TXT Stock News Headlines

Textron (TXT) Receives a Buy from Jefferies
Textron (NYSE:TXT) Shares Gap Down After Earnings Miss
Blackrock’s Sending THIS Crypto Higher on Purpose
While everyone's distracted by Bitcoin's moves, a stealth revolution is underway. One altcoin is quietly positioning itself to overthrow the entire banking system.
Textron price target lowered to $100 from $109 at Baird
Textron price target lowered to $79 from $87 at UBS
Textron reports Q3 adjusted EPS $1.40, consensus $1.49
See More Headlines

TXT Stock Analysis - Frequently Asked Questions

Textron's stock was trading at $80.42 on January 1st, 2024. Since then, TXT shares have increased by 2.4% and is now trading at $82.35.
View the best growth stocks for 2024 here
.

Textron Inc. (NYSE:TXT) announced its earnings results on Thursday, October, 24th. The aerospace company reported $1.40 EPS for the quarter, missing the consensus estimate of $1.46 by $0.06. The firm's revenue was up 2.5% compared to the same quarter last year.
Read the conference call transcript
.

Textron subsidiaries include Pipistrel, Howe and Howe Technologies, Arctic Cat, Able Aerospace, Able Engineering & Component Services, Beech Holdings, Mechtronix, and others.

Top institutional shareholders of Textron include Wedge Capital Management L L P NC (0.34%), Ferguson Wellman Capital Management Inc. (0.22%), U S Global Investors Inc. (0.12%) and Raymond James & Associates (0.11%). 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
.

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.

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
Today
10/26/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
1/22/2025

Industry, Sector and Symbol

Sector
Aerospace
Industry
Aircraft & parts
Sub-Industry
Aerospace & Defense
CUSIP
88320310
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
+23.3%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
9 Analysts

Profitability

Net Income
$921 million
Pretax Margin
7.85%

Debt

Sales & Book Value

Annual Sales
$13.68 billion
Cash Flow
$7.31 per share
Book Value
$35.65 per share

Miscellaneous

Free Float
184,178,000
Market Cap
$15.43 billion
Optionable
Optionable
Beta
1.23

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This page (NYSE:TXT) was last updated on 10/26/2024 by MarketBeat.com Staff
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