Textron Inc. (TXT)
| Market Cap | 16.36B |
| Revenue (ttm) | 13.79B |
| Net Income (ttm) | 931.00M |
| Shares Out | 190.70M |
| EPS (ttm) | 4.68 |
| PE Ratio | 18.33 |
| Forward PE | 12.97 |
| Dividend | $0.08 (0.09%) |
| Ex-Dividend Date | Jun 14, 2024 |
| Volume | 592,774 |
| Open | 85.21 |
| Previous Close | 85.37 |
| Day's Range | 85.15 - 86.08 |
| 52-Week Range | 66.43 - 97.34 |
| Beta | 1.29 |
| Analysts | Buy |
| Price Target | 96.67 (+12.7%) |
| Earnings Date | Jul 18, 2024 |
About TXT
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, an... [Read more]
Financial Performance
In 2023, Textron's revenue was $13.68 billion, an increase of 6.33% compared to the previous year's $12.87 billion. Earnings were $921.00 million, an increase of 6.97%.
Financial StatementsAnalyst Forecast
According to 9 analysts, the average rating for TXT stock is "Buy." The 12-month stock price forecast is $96.67, which is an increase of 12.70% from the latest price.
News
With 15% Gains This Year Is Fox Corp. A Better Pick Over Textron Stock?
Given its better valuation and prospects, we believe Fox Corporation stock (NASDAQ: FOXA), a company formed as the portion of 21st Century Fox not acquired by Disney in 2019, is a better pick than Tex...
Textron to Release Second Quarter Results on July 18, 2024
PROVIDENCE, R.I.--(BUSINESS WIRE)--Textron Inc. (NYSE: TXT) will release its second quarter 2024 financial results on Thursday morning, July 18, 2024. Textron will also host a conference call at 8:00 ...
Cessna Citation Ascend Test Program Soars Ahead as Second Flight Test Article Successfully Takes Flight
WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation today announced the successful flight of its second Cessna Citation Ascend flight test article (P1) as certification momentum builds for the newest Cit...
E-Z-GO® Creates National Golf Cart Day to Celebrate 70th Anniversary
Globally renowned leader in golf carts celebrates milestone with unprecedented deals and giveaways AUGUSTA, Ga. , June 13, 2024 /PRNewswire/ -- Textron E-Z-GO® LLC , a Textron Inc. (NYSE: TXT) compan...
Textron Aviation expands presence in Australia to modernize facilities and increase parts in region, announces name change of Premiair Aviation Maintenance
WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation expands presence in Australia to modernize facilities and increase parts in region, changes Premiair Aviation Maintenance name.
Milestone 400th Cessna Citation Latitude Production Rollout Emphasizes Its Leading Position in the Midsize Business Jet Market
WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation today announced that the 400th Cessna Citation Latitude business jet has rolled out of production at the company's factory in Wichita, Kansas, and is e...
Best-Selling Cessna Citation Latitude and Flagship Citation Longitude to Offer New Advanced Avionics Features
WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation today announced advanced Garmin G5000 avionics enhancements coming to the best-selling mid-size business jet, the Cessna Citation Latitude, and the fla...
Cessna SkyCourier Earns FAA Certification for New Combi Option, Bringing Further Innovation and Functionality to Cargo and Passenger Transport
WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation today announced the Federal Aviation Administration (FAA) has granted certification of a new Combi interior conversion option for the passenger variant...
Textron Systems Collaborates with Kodiak to Develop Uncrewed Military Vehicle
The companies are collaborating on the development of an uncrewed military vehicle intended for advanced terrain environments and designed without space for a driver HUNT VALLEY, Md. and MOUNTAIN VIEW...
Data Communications Upgrade for Hawker 4000 Business Jets Earns STC Approval
WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation today announced the Federal Aviation Administration has granted supplemental type certification (STC) approval of a fully integrated Future Air Navigat...
Cessna Citation Ascend Program Advances With Successful Certification Tests and Extensive Flight Testing
WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation today announced the continued advancement of the Cessna Citation Ascend program following the successful completion by the prototype aircraft of numero...
Cessna SkyCourier Receives Type Certification in Australia, Revolutionizing Regional Connectivity
WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation's Cessna SkyCourier has been awarded type certification by the Australia Certification & Accreditation Service Agency (ACASA).
Beechcraft Denali Advances Certification Plans With Successful Avionics Testing
WICHITA, Kan.--(BUSINESS WIRE)--Beechcraft Denali continues to surpass significant milestones as it begins the certification flight test phase of the program.
Kaman And Textron Systems Join Forces To Advance KARGO UAV Technology
BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman and Textron Systems have recently announced a Strategic Alliance Agreement. This agreement facilitates collaboration on opportunities and critical technologie...
Textron Aviation Unveils Expanded Global Parts Distribution Facility, Elevating Customer Service
WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation announced the grand opening of the company's largest parts distribution facility at its headquarters in Wichita, Kansas.
Mario Gabelli reveals his market-beating secrets and offers some favorite stock picks
One of the best things you can do as an investor is study established professionals who have amassed outstanding records. Value-stock investor Mario Gabelli fits the bill, with more than five decades ...
Textron Stock Dives on Earnings Miss. It's Also Cutting Jobs.
Textron says it's experiencing reduced demand at its specialized vehicles product line and for fuel systems from European automotive manufacturers.
Textron to cut 1,500 jobs as program cancellations, weak demand hit results
Textron is expanding its restructuring plan to include about 1,500 job cuts, it said on Thursday, after U.S. Army program cancellations and lower demand for some other products hit its business.
Textron Reports First Quarter 2024 Results
PROVIDENCE, R.I.--(BUSINESS WIRE)--Textron Inc. (NYSE: TXT) today reported first quarter 2024 net income of $1.03 per share, as compared to $0.92 per share in the first quarter of 2023. Adjusted net i...
Textron Declares Quarterly Dividend
PROVIDENCE, R.I.--(BUSINESS WIRE)--The Board of Directors of Textron Inc. (NYSE:TXT) today declared a quarterly dividend of $0.02 per share on the company's Common Stock. All dividends will be paid on...
Textron Aviation Special Missions begins deliveries of U.S. Navy Beechcraft King Air 260 Multi-Engine Training System (METS) Aircraft
WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation announced delivery of two Multi-Engine Training System Beechcraft King Air 260 aircraft contracted by Naval Air Systems Command.
Textron Aviation's Company-Owned Service Centers Receive Recertification as a Green Aviation Business from NATA
WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation's global service network received recertification as a Green Aviation Business from the National Air Transportation Association.
Textron Aviation's Cessna Caravan family soars past 25 million flight hours
LAKELAND, Fla.--(BUSINESS WIRE)--Textron Aviation today announced the legendary Cessna Caravan turboprop family has surpassed 25 million flight hours, reinforcing the Caravan as the most produced sing...
Enhanced Cessna High-Wing Piston Aircraft Enter into Service Following First Deliveries
WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation announces the entry into service of its enhanced Cessna Skyhawk, Cessna Skylane, Turbo Skylane and Turbo Stationair HD.
Textron to Release First Quarter Results on April 25, 2024
PROVIDENCE, R.I.--(BUSINESS WIRE)--Textron Inc. (NYSE: TXT) will release its first quarter 2024 financial results on Thursday morning, April 25, 2024. Textron will also host a conference call at 8:00 ...