A Stock With Stellar Fundamentals? Textron Inc. (NYSE:TXT): Is It Right For You?

In yesterday’s Wall Street session, Textron Inc. (NYSE:TXT) shares traded at $76.52, up 11.87% from the previous session.

As of this writing, 16 analysts cover Textron Inc. (NYSE:TXT). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $93.00 and a low of $73.00, we find $84.00. Given the previous closing price of $68.40, this indicates a potential upside of 22.81 percent. TXT stock price is now 16.16% away from the 50-day moving average and 11.78% away from the 200-day moving average. The market capitalization of the company currently stands at $15.54B.

There are 6 analysts who have given it a hold rating, whereas 7 have given it a buy rating. Brokers who have rated the stock have averaged $83.56 as their price target over the next twelve months.

With the price target of $90, Citigroup recently initiated with Buy rating for Textron Inc. (NYSE: TXT).

In other news, DONNELLY SCOTT C, Chairman, President & CEO sold 222,319 shares of the company’s stock on Feb 21. The stock was sold for $16,307,179 at an average price of $73.35. Upon completion of the transaction, the Chairman, President & CEO now directly owns 683,136 shares in the company, valued at $52.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 21, Executive Vice President & CFO Connor Frank T sold 63,361 shares of the business’s stock. A total of $4,647,735 was realized by selling the stock at an average price of $73.35. This leaves the insider owning 151,455 shares of the company worth $11.59 million. Insiders disposed of 349,641 shares of company stock worth roughly $26.75 million over the past 1 year. A total of 0.45% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in TXT stock. A new stake in Textron Inc. shares was purchased by MAN GROUP PLC during the first quarter worth $69,676,000. CANTOR FITZGERALD, L. P. invested $18,503,000 in shares of TXT during the first quarter. In the first quarter, INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC acquired a new stake in Textron Inc. valued at approximately $17,879,000. AXA S.A. acquired a new stake in TXT for approximately $13,785,000. KNIGHTSBRIDGE ASSET MANAGEMENT, LLC purchased a new stake in TXT valued at around $12,408,000 in the second quarter. In total, there are 782 active investors with 86.80% ownership of the company’s stock.

Thursday morning saw Textron Inc. (NYSE: TXT) opened at $72.50. During the past 12 months, Textron Inc. has had a low of $58.03 and a high of $76.11. As of last week, the company has a debt-to-equity ratio of 0.51, a current ratio of 1.80, and a quick ratio of 0.90. According to the stock market information, the enterprise value for the company is $16.92B, which is based on a 18.86 price-to-earnings ratio, a 1.19 price-to-earnings-growth ratio, and a beta of 1.48. The fifty day moving average price for TXT is $66.12 and a two-hundred day moving average price translates $68.53 for the stock.

The latest earnings results from Textron Inc. (NYSE: TXT) was released for Mar, 2023. According to the Aerospace & Defense Company, earnings per share came in at $1.05, beating analysts’ expectations of $1 by 0.05. This compares to $0.88 EPS in the same period last year. The net profit margin was 6.70% and return on equity was 12.40% for TXT. The company reported revenue of $3.02 billion for the quarter, compared to $3.0 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.77 percent. For the current quarter, analysts expect TXT to generate $3.41B in revenue.

Moreover, the firm recently paid out its quarterly dividend on 10/01/2023. Investors who held shares on 09/15/2023 were paid a $0.02 dividend. On an annualized basis, this represents a $0.08 dividend and a 0.10% percent yield. There was an ex-dividend date of 09/14/2023 for this dividend. In terms of dividend payout ratio, TXT is presently at 2.00%.

Textron Inc.(TXT) 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. Its 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. Its 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, recreational side-by-side and all-terrain vehicles, snowmobiles, 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. Its Finance segment offers financing services to purchase new and pre-owned aircraft and Bell helicopters. The company was founded in 1923 and is headquartered in Providence, Rhode Island.