Textron (NYSE:TXT) Hits New 12-Month Low – Should You Sell?

Textron Inc. (NYSE:TXT)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $71.94 and last traded at $72.54, with a volume of 98591 shares trading hands. The stock had previously closed at $72.28.

Analysts Set New Price Targets

A number of analysts have commented on TXT shares. TD Cowen raised Textron to a “hold” rating in a report on Thursday, December 19th. Barclays reduced their target price on Textron from $104.00 to $95.00 and set an “overweight” rating for the company in a report on Monday, December 23rd. JPMorgan Chase & Co. dropped their price objective on Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Citigroup dropped their price objective on Textron from $118.00 to $111.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Finally, UBS Group dropped their price objective on Textron from $87.00 to $79.00 and set a “sell” rating on the stock in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Textron has an average rating of “Moderate Buy” and an average price target of $93.45.

Textron Trading Up 0.1 %

The stock has a market cap of $13.22 billion, a PE ratio of 16.79, a P/E/G ratio of 1.23 and a beta of 1.27. The firm has a 50-day simple moving average of $76.74 and a 200-day simple moving average of $82.94. The company has a quick ratio of 0.82, a current ratio of 1.83 and a debt-to-equity ratio of 0.40.

Textron (NYSE:TXT) last posted its earnings results on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.07. The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.78 billion. Textron had a return on equity of 14.92% and a net margin of 6.01%. The business’s quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.60 earnings per share. Equities analysts forecast that Textron Inc. will post 6.1 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Empirical Finance LLC increased its holdings in shares of Textron by 1.7% in the third quarter. Empirical Finance LLC now owns 7,047 shares of the aerospace company’s stock worth $624,000 after purchasing an additional 115 shares during the period. Apollon Wealth Management LLC increased its stake in Textron by 4.9% in the third quarter. Apollon Wealth Management LLC now owns 2,655 shares of the aerospace company’s stock valued at $235,000 after acquiring an additional 125 shares during the last quarter. Pflug Koory LLC increased its stake in Textron by 0.9% in the fourth quarter. Pflug Koory LLC now owns 13,778 shares of the aerospace company’s stock valued at $1,054,000 after acquiring an additional 125 shares during the last quarter. V Square Quantitative Management LLC increased its stake in Textron by 5.7% in the fourth quarter. V Square Quantitative Management LLC now owns 2,611 shares of the aerospace company’s stock valued at $200,000 after acquiring an additional 141 shares during the last quarter. Finally, Syon Capital LLC grew its stake in shares of Textron by 4.5% during the fourth quarter. Syon Capital LLC now owns 3,538 shares of the aerospace company’s stock valued at $271,000 after buying an additional 153 shares during the last quarter. Institutional investors own 86.03% of the company’s stock.

Textron 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.