Textron Inc. (TXT)

NYSE: TXT · IEX Real-Time Price · USD
92.06
+0.77 (0.84%)
Jul 26, 2024, 4:00 PM EDT - Market closed
0.84%
Market Cap 17.56B
Revenue (ttm) 13.79B
Net Income (ttm) 931.00M
Shares Out 190.70M
EPS (ttm) 4.68
PE Ratio 19.67
Forward PE 13.91
Dividend $0.08 (0.09%)
Ex-Dividend Date Jun 14, 2024
Volume 589,715
Open 92.12
Previous Close 91.29
Day's Range 91.62 - 92.75
52-Week Range 73.78 - 97.34
Beta 1.25
Analysts Buy
Price Target 100.22 (+8.86%)
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]

Sector Industrials
Founded 1923
Employees 35,000
Stock Exchange NYSE
Ticker Symbol TXT
Full Company Profile

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 Statements

Analyst Forecast

According to 9 analysts, the average rating for TXT stock is "Buy." The 12-month stock price forecast is $100.22, which is an increase of 8.86% from the latest price.

Price Target
$100.22
(8.86% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Textron close to buying Spirit Aero fuselage program for V-280 military aircraft, source says

Textron is close to acquiring the fuselage-making program for its V-280 military aircraft from Spirit AeroSystems , according to a source familiar with the matter, in the latest carve-out from Boeing'...

Other symbols: SPR
2 days ago - Reuters

Beechcraft King Air Special “Crimson Edition” Unveiled in Honor of 60th Anniversary

WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company, today announced a special edition 60th anniversary option for the iconic Beechcraft King Air 260 and 360 turbo...

3 days ago - Business Wire

Cessna Caravan Flight Deck to Feature Cockpit Advancements, Enhancing Flight Experience for Pilots

WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation Inc., a Textron Inc. (NYSE: TXT) company, today announced significant enhancements to its legendary Cessna Caravan and Cessna Grand Caravan EX utility ...

4 days ago - Business Wire

Textron Aviation Unveils the Next Generation of Military Aircrew Multi-Engine Training Aircraft at the 2024 Farnborough International Airshow

WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation Inc., a Textron Inc. (NYSE: TXT) company, today announced that its new military multi-engine training aircraft — built upon the versatile and reliable ...

4 days ago - Business Wire

Textron Aviation Bolsters Support in the United Kingdom and Ireland Through Expanded Relationship With Gama Aviation (UK) Limited

WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation Inc., a Textron Inc. (NYSE: TXT) company, today announced at the Royal International Air Tattoo (RIAT) that the company is expanding its relationship w...

7 days ago - Business Wire

Textron posts quarterly profit beat on business jet, helicopter demand

Textron beat Wall Street estimates for second-quarter profit on Thursday, on higher demand across its businesses that make private jets and military helicopters.

8 days ago - Reuters

Textron Reports Second Quarter 2024 Results

PROVIDENCE, R.I.--(BUSINESS WIRE)--Textron Inc. (NYSE: TXT) today reported second quarter 2024 income from continuing operations of $1.35 per share, as compared to $1.30 per share in the second quarte...

8 days ago - Business Wire

What To Expect From Textron's Q2?

Textron stock (NYSE: TXT) will report its Q2 2024 results on Thursday, July 18. We expect TXT stock to trade sideways post-Q2, with its revenue and earnings expected to align with the street estimates...

9 days ago - Forbes

Should You Pick Textron Over Lockheed Martin Stock?

We believe that Textron stock is currently a better pick than its industry peer – Lockheed Martin stock (NYSE: LMT), given its better valuation and robust prospects. LMT stock trades at a higher multi...

Other symbols: LMT
15 days ago - Forbes

Textron Aviation Delivers First Cessna SkyCourier Combi, Providing Even More Flexibility and Versatility to the Twin-Engine Utility Turboprop

WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation today announced the delivery of the first Cessna SkyCourier twin-engine utility turboprop equipped with a Combi interior conversion option. The aircraf...

16 days ago - Business Wire

AeroMech Announces Starlink STC for Citation 560XL Aircraft Available in September, and Plans to Pursue Starlink STCs for Several Other Textron Aviation Aircraft Models in 2024 and 2025

EVERETT, Wash.--(BUSINESS WIRE)-- #aeromech--AeroMech Announces Starlink STC for Citation 560XL, Available September, and Will Certify Starlink on Additional Textron Model Aircraft in 2024/2025.

18 days ago - Business Wire

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...

Other symbols: FOXA
4 weeks ago - Forbes

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 ...

4 weeks ago - Business Wire

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...

6 weeks ago - Business Wire

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...

6 weeks ago - PRNewsWire

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.

6 weeks ago - Business Wire

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...

2 months ago - Business Wire

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...

2 months ago - Business Wire

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...

2 months ago - Business Wire

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...

2 months ago - PRNewsWire

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...

2 months ago - Business Wire

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...

2 months ago - Business Wire

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).

2 months ago - Business Wire

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.

2 months ago - Business Wire

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...

Other symbols: KAMN
2 months ago - Business Wire