Textron is a defense company located in Rhode Island, United States, which is part of the Industrials sector, and is traded under the ticker TXT on the NYSE exchange.
Textron stock last closed at $77.79, down 0.17% from the previous day, and has increased 27.38% in one year. It has overperformed other stocks in the Aerospace & Defense industry by 0.19 percentage points. Textron stock is currently +34.05% from its 52-week low of $58.03, and -3.49% from its 52-week high of $80.60.
As of Sep 22, 2023, there are 198.07M shares of TXT outstanding. The market cap of TXT is $15.41B. In the last 24 hours, 1.4M TXT shares were traded.
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Once you have identified the best place to buy Textron stock, it's important to research their stock before you invest, so you actually understand the risk as well as the opportunity.
WallStreetZen was designed to help everyday investors perform more in-depth fundamental analysis quickly.
You can see all of the due diligence checks on TXT's stock page.
Analysts use many financial metrics, analyses, models, and charts to gauge TXT's fair value.
Using relative valuations ratios:
You can do additional valuation analysis on TXT's stock here.
Out of 4 Equities analysts who monitor TXT, the consensus analyst rating on Textron is a Buy
It's important to note that analyst forecasts are not recommendations, nor are they financial advice.
Charles Minervino, a top 12% analyst from Susquehanna reiterates TXT with a strong buy rating and maintains their TXT price target from $89.00 to $89.00, on Sep 25, 2023.
Ronald Epstein, a bottom 19% analyst from Bank of America maintains TXT with a hold rating and raises their TXT price target from $76.00 to $85.00, on Aug 15, 2023.
Jason Gursky, a bottom 18% analyst from Citigroup maintains TXT with a strong buy rating and raises their TXT price target from $90.00 to $95.00, on Jul 31, 2023.
Citigroup's Jason Gursky raised their price target on Textron Inc (NYSE: TXT) by 5.56% from $90.00 to $95.00 on 2023/07/31. The analyst maintained their Strong Buy rating on the stock.
In an assessment of the company's Q2 2023 print (released on 2023/07/27), the analyst said they "modestly" raised their estimates to account for management's updated FY 2023 revenue outlook.
For Q2 2023, Textron reported:
For FY 2023, management guided:
Chairman & CEO Scott C. Donnelly commented: “During Q2, revenue grew 8.6% year over year with higher revenues in all our segments.
"Operationally, execution was strong across our segments with a segment profit margin of 10.3% in the quarter, up 140 basis points from last year's Q2."
Robert Stallard, a top 28% analyst from Veritas Research downgrades TXT to a hold rating and announces their TXT price target of $70.00, on May 24, 2023.
You can dive deeper into what analysts are projecting on the Textron stock forecast page.
Last year, TXT earnings were $905.00M. In the last five year, TXT's earnings have gone up by 19.26% per year. This was faster than the Aerospace & Defense industry average of 5.87%.
Last year, TXT revenue was $13.16B. In the past 5 year, TXT's revenue has gone up by -1.95% per year. This was slower than the Aerospace & Defense industry average of 4.71%.
Dig into TXT's earnings and revenue performance here.
In the last year, insiders at TXT have sold more shares than they have bought.
R. Kerry Clark, Director of TXT, was the latest TXT insider to sell. They sold $376,645.00 worth of TXT shares on Aug 22, 2023.
Research more about who owns TXT stock here.
Textron pays a dividend of 0.1%, compared to the Aerospace & Defense industry's average dividend yield of 2.55%. If you owned $1,000 worth of TXT stock, you would have received $1.03 in the past year.
Textron dividend payments have not consistently grown over the past decade and have not remained stable.
Dig into more data about Textron dividend yield and history here.
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