Textron Inc. (TXT)

NYSE: TXT · IEX Real-Time Price · USD
93.96
-0.66 (-0.70%)
At close: Apr 12, 2024, 4:00 PM
93.11
-0.85 (-0.90%)
After-hours: Apr 12, 2024, 7:33 PM EDT
-0.70%
Market Cap 18.08B
Revenue (ttm) 13.68B
Net Income (ttm) 921.00M
Shares Out 192.39M
EPS (ttm) 4.56
PE Ratio 20.61
Forward PE 14.72
Dividend $0.08 (0.09%)
Ex-Dividend Date Mar 14, 2024
Volume 917,626
Open 94.12
Previous Close 94.62
Day's Range 93.68 - 95.09
52-Week Range 61.27 - 97.34
Beta 1.30
Analysts Buy
Price Target 89.27 (-4.99%)
Earnings Date Apr 25, 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 13 analysts, the average rating for TXT stock is "Buy." The 12-month stock price forecast is $89.27, which is a decrease of -4.99% from the latest price.

Price Target
$89.27
(-4.99% downside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

4 days ago - Business Wire

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.

5 days ago - Business Wire

3 Standout Small/Midcap Stocks in Active ETF TMSL

Is now the time to add midcap stocks to investor portfolios? The “Magnificent Seven” may have devolved into something more of a Fab Four, but diversification among large caps doesn't diminish the case...

Other symbols: TMSLCPAYFTI
10 days ago - ETF Trends

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 ...

20 days ago - Business Wire

Textron Aviation Special Missions Cessna Grand Caravans to be Acquired to Aid in Horn of Africa Security

WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation announced the delivery of a new Cessna Grand Caravan EX Amphibian turboprop to Malaysian property developer, Ikhasas Sdn Bhd.

4 weeks ago - Business Wire

What's Next For Textron Stock After 10% Gains This Year?

Textron TXT (NYSE: TXT) reported its Q4 results last month, with the top line aligning and the bottom line beating the street estimates. The company reported revenues of $3.9 billion and adjusted earn...

5 weeks ago - Forbes

We don't see that rising interest rates are affecting our customers: Textron Aviation SVP

Lannie O'Bannion of Textron Aviation discusses how inflation, rising interest rates and supply chain shocks are impacting the business.

7 weeks ago - CNBC International TV

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...

7 weeks ago - Business Wire

Textron Aviation's Cessna Skycourier Chosen by Hinterland Aviation for Fleet Expansion, Revolutionizing Regional Connectivity in Australia

WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation announced a purchase agreement for the first Cessna SkyCourier passenger in Australia to regional airline Hinterland Aviation.

2 months ago - Business Wire

Textron forecasts strong 2024 profit on Black Hawk replacement contract

Textron forecast 2024 profit above analysts' estimates on Wednesday as the U.S. Army continues to replace Black Hawk helicopters with aircraft made by its Bell unit.

2 months ago - Reuters

Textron Reports Fourth Quarter 2023 Results; Announces 2024 Financial Outlook

PROVIDENCE, R.I.--(BUSINESS WIRE)--Textron Inc. (NYSE: TXT) today reported fourth quarter 2023 income from continuing operations of $1.01 per share, as compared to $1.07 per share in the fourth quarte...

2 months ago - Business Wire

After A 17% Fall In 2023 Will RTX Outperform Textron Stock?

Given its better prospects, we believe RTX Corp stock (NYSE: RTX) is a better pick than its sector peer, Textron stock (NYSE: TXT XT). RTX trades at a higher valuation multiple of 1.8x revenues vs.

Other symbols: RTX
3 months ago - Forbes

Textron to Release Fourth Quarter Results on January 24, 2024

PROVIDENCE, R.I.--(BUSINESS WIRE)--Textron Inc. (NYSE: TXT) will release its fourth quarter 2023 financial results on Wednesday morning, January 24, 2024. Textron will also host a conference call at 8...

4 months ago - Business Wire

Civil Air Patrol and Textron Aviation Special Missions Celebrate Long-Standing Relationship

WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation and Civil Air Patrol celebrate the delivery of four Cessna Skyhawk, one Cessna Skylane and one Cessna Turbo Stationair HD aircraft.

4 months ago - Business Wire

Laser Photonics Receives Order From Textron Systems Corporation for the MarkStar Pro Laser Marking System

ORLANDO, Fla.--(BUSINESS WIRE)--Laser Photonics Corporation, a leading global developer of MarkStar laser systems for laser marking, today announced it received an order from Textron Systems Corporati...

Other symbols: LASE
4 months ago - Business Wire

Textron Aviation announces new SustainableAdvantage carbon offset program for Cessna, Beechcraft and Hawker owners

WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation announced a new program to provide owners with an additional option for reducing their carbon dioxide emissions.

4 months ago - Business Wire

SOUTHWEST AIRLINES ANNOUNCES NOMINATION OF LISA ATHERTON TO JOIN ITS BOARD OF DIRECTORS

DALLAS , Dec. 8, 2023 /PRNewswire/ -- The Board of Directors of Southwest Airlines Co. (NYSE: LUV) has named Lisa Atherton as a candidate to join the Board. Atherton, along with other Board nominees, ...

Other symbols: LUV
4 months ago - PRNewsWire

Cessna-maker Textron plans to cut 725 positions, or 2% of workforce

Textron Inc. TXT, the company that makes Cessna airplanes and other aircraft, said on Tuesday that it would cut around 725 positions, or 2% of its global staff, following reduced product demand for so...

4 months ago - Market Watch

Textron to cut 725 jobs as part of restructuring plan

Defense manufacturer Textron said on Tuesday it would cut 725 jobs as part of its restructuring plan in an attempt to reduce operating expenses.

4 months ago - Reuters

Textron Aviation announces agreement to purchase 48 Cessna Skyhawks to support BAA Training

WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation today announced an agreement with BAA Training for the purchase of 48 Cessna Skyhawk aircraft.

5 months ago - Business Wire

With 10% Gains This Year Should You Pick Textron Over Lockheed Martin?

LMT trades at a higher valuation multiple of 1.6x revenues vs. 1.2x for Textron, primarily due to its superior revenue growth and profitability.

Other symbols: LMT
5 months ago - Forbes

U.S. Army awards Textron Aviation contract for three Beechcraft King Air turboprops

WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation has been awarded a contract by the U.S. Army Contracting Command, Redstone Arsenal, AL, for Cessna and Beechcraft products.

5 months ago - Business Wire

Textron raises profit forecast as private jet demand holds steady

Textron Inc on Thursday raised its full-year adjusted earnings forecast after beating estimates for quarterly profit, betting on demand for its business jets despite higher prices.

6 months ago - Reuters

Textron Reports Third Quarter 2023 Results; Raises Full-Year EPS Outlook

PROVIDENCE, R.I.--(BUSINESS WIRE)--Textron Inc. (NYSE: TXT) today reported third quarter 2023 income from continuing operations of $1.35 per share, as compared to $1.06 per share in the third quarter ...

6 months ago - Business Wire

Textron Aviation announces Hahn Air as Citation CJ3 Gen2 European launch customer

WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation announced that Hahn Air has entered into a purchase agreement to be the European launch customer for the Cessna Citation CJ3 Gen2.

6 months ago - Business Wire