According to the data made available by Bloomberg.com, the stock has received a recommendation of “Moderate Buy” from each of the eight brokerages presently covering Textron INC (NYSE: TXT).
Three market analysts have suggested that investors purchase the stock, two have suggested that investors maintain it in their portfolios, and one rated the company as a strong buy.
The stock price is anticipated to rise to an average of $81.67 over the following year by analysts who have published reports on it during the year before the current one.
Separately, The Goldman Sachs Group raised their price target on shares of Textron from $84.00 to $93.00 and upgraded the stock from a “hold” rating to a “buy” rating in a research report published on Thursday, December 15.
Trading of TXT shares began on Tuesday with an opening price of $73.06 per share.
The value of the current ratio is 2.19, the value of the quick ratio is 1.22, and the value of the debt-to-equity ratio is 0.50.
These values are all related to one another.
The stock’s price has reached $71.85 on its moving average over the past 50 days, while it has reached $68.07 on its moving average over the past 200 days.
The company has a price-to-earnings ratio of 18.22, a price-to-earnings-to-growth ratio of 1.32, and a beta value of 1.47.
These ratios measure how expensive the stock is to its future earnings.
According to its market capitalization, the company is currently valued at $14.99 billion.
During the past year, Textron experienced a record low of $57.11 and a record high of $76.11 in its stock price.
Textron (NYSE: TXT) announced its most recent quarterly results on January 25, after the stock market had closed for the day.
The aerospace company announced earnings of $1.07 per share for the quarter, which is $0.06 higher than analysts’ average estimate of $1.01 per share.
It was predicted that the company would have quarterly sales of $3.60 billion, but they came in at $3.64 billion, a significant increase over the average prediction.
Textron achieved a return on equity of 12.50%, and the company’s net margin was 6.69% at the end of the fiscal year. Compared to the previous year, the company’s revenue growth came in at a rate that was 9.5% higher.
The company made a profit of $0.94 per share during the same period in the previous year.
According to the forecasts provided by industry researchers, Textron will generate profits per share of $4.97 during the current financial year.
In addition, the corporation recently disclosed to the general public that it would be disbursing a quarterly dividend on April 1, as stated in the announcement that it has just made public. Shareholders who were still registered as holding their shares as of March 10 will be eligible to receive a $0.02 dividend payment per share.
This Thursday, March 9, marks the last day dividends will be distributed to shareholders.
As a direct consequence, the dividend yield is equivalent to 0.11%, and the annual dividend is equivalent to $0.08.
Textron has a payout ratio equal to 2% of its total revenue.
Additionally, on February 21, Textron announced that Chief Executive Officer Scott C.
Donnelly had disposed of 222,319 of the company’s shares through a stock sale.
Because the stock was sold at a price higher than the transaction’s weighted average of $73.35, the total value of the transaction came to be $16,307,098.65.
The CEO now owns 683,136 company shares, which together have an approximate value of $50,108,025.60 due to the successful completion of the transaction.
An SEC document that can be accessed through the SEC website provides a comprehensive explanation of the transaction, which can be read there. On February 21, Textron’s Chief Financial Officer, Frank T. Connor, completed the sale of 63,361 shares of the company’s stock.
This is another development about Textron.
It was determined that the price of each share would be $73.35 on average, bringing the total amount paid for those shares to $4,647,529.35.
Because of the sale, the chief financial officer now owns approximately 151,455 shares, valued at approximately $11,109,224.25.
This brings the total number of shares he or she owns in the company to 152,050.
If you follow the link, which will take you to a legal file submitted to the SEC, you can acquire additional information regarding the transaction.
Additionally, on February 21, 222,319 shares of the company’s stock were sold by Scott C.
Donnelly, the company’s chief executive officer.
A total of $16,307,098.65 was received for the sale of the shares, which works out to a price of $73.35 per share on average. Following the successful conclusion of the transaction, the chief executive officer now directly owns 683,136 shares of the company.
The current market value of these shares is $50,108,025.60.
Disclosures related to the sale might be found in this website section.
The company’s executives own 1.50 percent of the company’s equity.
During recent years, significant shareholders in the company have been active in taking action to bring about change.
Macquarie Group Ltd increased the amount of Textron stock owned by 11.4% over the final three months of 2018.
Macquarie Group Ltd now has 214,388 shares of the aerospace company’s stock, currently valued at $15,178,000.
This was achieved by acquiring an additional 21,861 shares during the preceding quarter.
B. Riley Financial Advisors INC increased its stake in Textron by approximately $211,000 over the last three months of 2018, bringing the total amount of money it has invested to $2411,000.
During the fourth quarter, Trust Financial Corporation successfully raised the percentage of Textron stock it owned to 28.7%.
The most recent quarter saw Trust Financial Corp.
Acquire an additional 4,223 shares of the aerospace company’s stock, bringing the total number of shares it owns to 18,935, with a value of $1,341,000.
This brings the total number of shares it has in the business to 18,935.
The Deutsche Zentral Genossenschaften Bank in Frankfurt am Main, a subsidiary of DZ Bank AG, increased the amount of Textron stock owned by 391.7 percent over the final three months of 2018. Following the acquisition of 97,647 additional shares of the aerospace company during the most recent fiscal quarter, DZ Bank AG, also known as Deutsche Zentral Genossenschaftsbank Frankfurt am Main, now owns a total of 122,573 shares of the company.
The value of these shares on the market currently is $8,678,000.
And finally, during the final three months of the fiscal year, the State of Wyoming added 54.3 percent more shares of Textron to its holdings, bringing the total up to 1.
The state of Wyoming now has a total of 4,623 shares of the aerospace company’s stock after purchasing an additional 1,626 shares during the most recent quarter.
The state’s holdings in this stock are currently valued at a combined total of $327,000. Financial institutions currently own the company’s equity to 84.69%.