How to Buy Textron Stock
Textron Inc
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.
How to Buy Textron Stock
Wondering how to invest in Textron stock? Here's how.
- Choose where to buy Textron stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you figure out where to buy Textron stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Select your method of payment and add your information.
- Evaluate Textron stock: The Textron ticker symbol is TXT. Is Textron stock a good investment? Should you buy shares of TXT? How do TXT's underlying business fundamentals look? Do top analysts think Textron is a good buy? Why has TXT's stock price moved recently? (Hint: Our stock market analysis tools can help you decide if TXT is a good stock to buy).
- Execute your TXT purchase: Decide if you will purchase TXT shares at the current market price or use a limit order to buy TXT stock at a given price.
- Track your investment in TXT: Create a watchlist to monitor your new investment in Textron stock.
Step 1: Choose where to buy Textron stock
You need an online brokerage account in order to access the NYSE market and buy TXT shares.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've chosen your brokerage, you need to fill out some personal details so you can buy TXT stock today.
How to Open a New Account on eToro
- Click here to get started.
- Enter your personal info to open a new trading account.
- Submit your data by clicking the "Create Account" button.
Step 3: Fund your brokerage account
Now that you've finished signing up on the greatest app to buy stocks, you can securely and quickly fund your account:
Check out the tutorial below if you need help depositing funds into your new brokerage account.
Step 4: Evaluate Textron stock
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.
Textron Metrics
Fundamentals of TXT
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.
What is the fair value of TXT stock?
Analysts use many financial metrics, analyses, models, and charts to gauge TXT's fair value.
Using relative valuations ratios:
- TXT could be overvalued based on its P/E ratio of 17.72x, relative to Aerospace & Defense industry P/E ratio of 16.29x
- TXT may be undervalued based on its P/B ratio of 2.19x, relative to Aerospace & Defense industry P/B ratio of 4.21x
- TXT may be overvalued based on its PEG ratio of 5.65x
You can do additional valuation analysis on TXT's stock here.
A quick look at TXT Financials
Positive Health Checks:
- TXT earnings of $1.16B is not enough to cover its interest payments.
- There are more short-term assets than long-term liabilities on the TXT balance sheet.
- There are more short-term assets than short-term liabilities on the TXT balance sheet.
- TXT profit margin has gone up from 6.4% to 6.9% in the past year.
- TXT's operating cash flow of $1.33B allows it to safely service it's debt of $3.54B.
- Total TXT debt is lower than 5 years ago, relative to shareholder equity.
Negative Health Checks:
- TXT has a relatively high debt to equity ratio of 1.34.
Do analysts think it's a good time to buy TXT stock
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.
Latest TXT Analyst Ratings
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.
Earnings Report
For Q2 2023, Textron reported:
- EPS of $1.46, which beat the Zacks Consensus Estimate of $1.20 by 21.7% and, by 31.5%, Q2 2022's $1.11.
- Revenue of $3.424B, which beat the Zacks Consensus Estimate of $3.,389B by 1% and Q2 2022's $3.154B by 8.6%.
For FY 2023, management guided:
- EPS of $5.20 to $5.30, up from the prior guidance of $5.00 to $5.20.
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.
TXT Momentum
Is TXT Growing Revenue?
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.
Latest Insiders Trades at TXT
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.
Does TXT provide a stable income stream?
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.
TXT Social Trading Data
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Execute your TXT purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally the best for newer investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given price limit, place a limit order.
Click the Open Trade button and eToro will execute the order.
If you require more help with investing in stocks on eToro, watch the how to video below:
Step 6: Track your investment in TXT
Now that you own some shares in TXT, you'll want to keep up with your new company.
Add TXT to a watchlist to track the most important metrics related to your TXT stock.
TXT Feed
How to Buy Stock in Textron
To summarize, here are the 6 steps for buying Textron stock:
- Choose where to buy Textron stock
- Create your brokerage account
- Fund your brokerage account
- Evaluate Textron stock
- Execute your TXT purchase
- Track your investment in TXT
If you require a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to get the latest news on your new investment in Textron, add TXT to your watchlist by clicking the button below.
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