Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. The company's Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and commercial parts, as well as offers maintenance, inspection, and repair services. Its Bell segment supplies military and commercial helicopters, tiltrotor aircraft, and related spare parts and services. The company's Textron Systems segment offers unmanned aircraft systems, unmanned surface systems, mission command hardware and solutions, and customer support and logistics services; simulation, training, and other defense and aviation mission support products and services; airborne and ground-based sensors and surveillance systems, and protection systems; precision guided weapons systems; marine craft, armored vehicles, and specialty vehicles used for fire and rescue applications; test equipment, electronic warfare test, and training and intelligence software solutions; and piston aircraft engines, as well as designs, develops, manufactures, installs, and maintains full flight simulators. Its Industrial segment offers blow-molded plastic fuel systems, including conventional plastic fuel tanks and pressurized fuel tanks for hybrid vehicle applications, clear-vision systems, and plastic tanks for catalytic reduction systems primarily to automobile OEMs; and golf cars, off-road utility vehicles, recreational side-by-side and all-terrain vehicles, snowmobiles, light transportation vehicles, aviation ground support equipment, professional turf-maintenance equipment, and turf-care vehicles to golf courses and resorts, government agencies and municipalities, consumers, outdoor enthusiasts, and commercial and industrial users. The company's Finance segment provides financing to purchase new and pre-owned aircraft and helicopters. Textron Inc. was founded in 1923 and is headquartered in Providence, Rhode Island.
IPO Year:
Exchange: NYSE
Website: textron.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/25/2024 | $103.00 → $95.00 | Buy → Hold | TD Cowen |
| 8/8/2024 | $95.00 | Overweight → Equal-Weight | Morgan Stanley |
| 3/8/2024 | $85.00 → $105.00 | Neutral → Buy | BofA Securities |
| 10/11/2023 | $73.00 | Sell | UBS |
| 7/6/2023 | $90.00 | Buy | Citigroup |
| 5/24/2023 | $70.00 | Buy → Hold | Vertical Research |
| 4/6/2023 | Peer Perform | Wolfe Research | |
| 9/13/2022 | Mkt Perform | Bernstein | |
| 10/29/2021 | $88.00 → $89.00 | Overweight | Morgan Stanley |
| 8/31/2021 | $75.00 → $95.00 | Market Perform → Outperform | Cowen & Co. |
EPS of $1.18; adjusted EPS of $1.40, down from $1.49 in the prior year Net cash from operating activities of $208 million in the third quarter of 2024 $215 million returned to shareholders through share repurchases in the third quarter Textron Aviation segment revenue and profit impacted by IAM strike Textron Inc. (NYSE:TXT) today reported third quarter 2024 income from continuing operations of $1.18 per share, as compared to $1.35 per share in the third quarter of 2023. Adjusted income from continuing operations, a non-GAAP measure that is defined and reconciled to GAAP in an attachment to this release, was $1.40 per share for the third quarter of 2024, compared to $1.49 per share
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 January 1, 2025 to holders of record at the close of business on December 13, 2024. About Textron Inc. Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, and Textron Systems. For more information, visit: www.textron.com. View source versi
Textron Inc. (NYSE:TXT) will release its third quarter 2024 financial results on Thursday morning, October 24, 2024. Textron will also host a conference call at 8:00 a.m. (Eastern) to discuss the results and the company's outlook. The call will be available via webcast at www.textron.com or by direct dial at (844) 867-6169 in the U.S. or (409) 207-6975 outside of the U.S.; Access Code: 3144750. In addition, the call will be recorded and available for playback beginning at 11:00 a.m. (Eastern) on Thursday, October 24, 2024 by dialing (402) 970-0847; Access Code: 1480019. About Textron Inc. Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, in
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 October 1, 2024 to holders of record at the close of business on September 13, 2024. About Textron Inc. Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, and Textron Systems. For more information, visit: www.textron.com. View source
EPS of $1.35; adjusted EPS of $1.54, up from $1.46 in prior year Net cash from operating activities of $383 million in the second quarter of 2024 $358 million returned to shareholders through share repurchases in the second quarter 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 quarter of 2023. Adjusted income from continuing operations, a non-GAAP measure that is defined and reconciled to GAAP in an attachment to this release, was $1.54 per share for the second quarter of 2024, compared to $1.46 per share in the second quarter of 2023. "In the quarter, our team deliver
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 a.m. (Eastern) to discuss the results and the company's outlook. The call will be available via webcast at www.textron.com or by direct dial at (844) 867-6169 in the U.S. or (409) 207-6975 outside of the U.S.; Access Code: 8602005. In addition, the call will be recorded and available for playback beginning at 11:00 a.m. (Eastern) on Thursday, July 18, 2024 by dialing (402) 970-0847; Access Code: 4306608. About Textron Inc. Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, indus
EPS of $1.03; adjusted EPS of $1.20, up from $1.05 from prior year Segment profit of $290 million, up $31 million from prior year 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 income, a non-GAAP measure that is defined and reconciled to GAAP in an attachment to this release, was $1.20 per share for the first quarter of 2024, compared to $1.05 per share in the first quarter of 2023. "In the quarter, we saw profit growth across our Aviation, Bell, and Systems businesses," said Textron Chairman and CEO Scott C. Donnelly. "At Aviation, we saw continued strong market dema
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 July 1, 2024 to holders of record at the close of business on June 14, 2024. About Textron Inc. Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, and Textron Systems. For more information, visit: www.textron.com. View source version
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 a.m. (Eastern) to discuss the results and the company's outlook. The call will be available via webcast at www.textron.com or by direct dial at (844) 867-6169 in the U.S. or (409) 207-6975 outside of the U.S.; Access Code: 7481533. In addition, the call will be recorded and available for playback beginning at 11:00 a.m. (Eastern) on Thursday, April 25, 2024 by dialing (402) 970-0847; Access Code: 8546032. About Textron Inc. Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, in
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 April 1, 2024 to holders of record at the close of business on March 15, 2024. About Textron Inc. Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, and Textron Systems. For more information, visit: www.textron.com. View source versio
Textron Aviation today announced it delivered the first of two multi-mission Beechcraft King Air 360CHW aircraft to the Peruvian Air Force. The King Air 360CHW is cargo door equipped and fitted for heavy weight operation. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241119072545/en/Textron Aviation | Peruvian Air Force receives first of two aeromedical evacuation-equipped Beechcraft King Air 360CHW special missions aircraft (Photo: Business Wire) The Beechcraft King Air 360CHW is designed and manufactured by Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company. "The King Air 360CHW delivered to the Peruvian Air Force for
Bell is honoured to assist SIIT in promoting education and skills development in the aerospace industry and within Indigenous communities MIRABEL, QC, Oct. 30, 2024 /CNW/ - Bell Textron Canada Limited, a Textron Inc. (NYSE:TXT) company, has announced a donation of 1,800 aircraft components, valued at 6.2 million dollars CAD and including machined parts, sheet metal, acrylic plastics, electrical and mechanical parts, and hardware to the Saskatchewan Indian Institute of Technologies (SIIT). The donation is set to significantly enhance SIIT's Aircraft Maintenance Engineering (AME
TRU Simulation + Training Inc., a Textron Inc. (NYSE:TXT) company, announced today Australia's Civil Aviation Safety Authority (CASA) has awarded Level D certification of a Full-Flight Simulator (FFS) to the Royal Flying Doctor Service (RFDS Queensland Section). The FFS is reconfigurable to support training for the entire fleet of RFDS Queensland Section Beechcraft King Air model B200 and B300 aircraft. The simulator is the first of its kind in Australia and is housed in a new, purpose-built training facility next to the RFDS base in Bundaberg. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241028764231/en/TRU Simulation delivers
EPS of $1.18; adjusted EPS of $1.40, down from $1.49 in the prior year Net cash from operating activities of $208 million in the third quarter of 2024 $215 million returned to shareholders through share repurchases in the third quarter Textron Aviation segment revenue and profit impacted by IAM strike Textron Inc. (NYSE:TXT) today reported third quarter 2024 income from continuing operations of $1.18 per share, as compared to $1.35 per share in the third quarter of 2023. Adjusted income from continuing operations, a non-GAAP measure that is defined and reconciled to GAAP in an attachment to this release, was $1.40 per share for the third quarter of 2024, compared to $1.49 per share
David Rosenberg, Vice President, Investor Relations, to Succeed Connor Textron Inc. (NYSE:TXT) today announced that Frank T. Connor, executive vice president and chief financial officer, has notified the Company that he intends to retire on February 28, 2025. David Rosenberg, Textron's vice president, Investor Relations, has been elected to succeed Connor as executive vice president and chief financial officer, effective March 1, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241023660049/en/David Rosenberg (Photo: Business Wire) "On behalf of the Board of Directors, I would like to thank Frank for his outstanding leadersh
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 January 1, 2025 to holders of record at the close of business on December 13, 2024. About Textron Inc. Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, and Textron Systems. For more information, visit: www.textron.com. View source versi
Textron Aviation today announced the Cessna Citation Ascend continues to progress through its certification program and will be equipped with the latest enhancements to the Garmin G5000 avionics suite. This flight deck will provide pilots with significant technological advances when it enters into service, expected to be in 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241022517116/en/Textron Aviation | Cessna Citation Ascend Cockpit (Photo: Textron Aviation) The Cessna Citation Ascend is designed and manufactured by Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company. The Ascend program includes two test articles –
Textron Aviation today announced an additional high speed internet connectivity solution for their Beechcraft King Air B200 and B300 series and Cessna Citation 560XL series aircraft following the Federal Aviation Administration's (FAA) issuance of AeroMech's Supplemental Type Certificate (STC) for Starlink high-speed internet connectivity. AeroMech's STC utilizes Starlink's high-speed internet technology connecting to Starlink's constellation of Low Earth Orbit (LEO) satellites providing more reliable connectivity over land, water and remote areas, where traditional in-flight Wi-Fi may not have service. This press release features multimedia. View the full release here: https://www.business
Textron Aviation is the First Business Aviation OEM to Announce Production Use of Gogo Galileo HDX LAS VEGAS, Oct. 22, 2024 /PRNewswire/ -- (NBAA-BACE, booth 1601) – Gogo Business Aviation (NASDAQ:GOGO) today announced that Textron Aviation will install Gogo's global Low-Earth-Orbit (LEO) solution, Gogo Galileo HDX, as a factory option for the Cessna Citation Longitude, Citation Latitude and Citation Ascend business jet. Textron Aviation, a Textron Inc. (NYSE:TXT) company, is the first business aviation OEM to offer Gogo Galileo HDX from the factory, securing a truly global connectivity solution with market-leading performance for its operators. Gogo Galileo is built on Gogo's best-selling
Textron Aviation today announced longtime Cessna Citation customer Ryan Samples as the launch customer for its new Cessna Citation CJ4 Gen3 business jet, which the company unveiled today at the National Business Aviation Association - Business Aviation Convention & Exhibition (NBAA-BACE) in Las Vegas. Samples has entered into a purchase agreement with the company to take delivery of the first CJ4 Gen3, which is expected to enter into service in 2026. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241021937229/en/Textron Aviation | Lannie O'Bannion & Ryan Samples (Photo: Textron Aviation) The Cessna Citation CJ4 Gen3 is designed a
Textron Aviation today announced a new ProAdvantage program, SustainableAdvantage℠, to provide owners with an additional option for reducing their carbon dioxide emissions from operating aircraft. In collaboration with 4AIR, the program is set to launch in January 2024 and is available to eligible customers who own and operate Cessna, Beechcraft and Hawker turbine aircraft worldwide. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231211958990/en/Beechcraft King Air Sustainability (Photo: Business Wire) Beechcraft, Cessna and Hawker customers receive factory-direct support, maintenance and modifications by Textron Aviation Inc.,
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, will be on the ballot at the Company's Annual Meeting of Shareholders on May 15, 2024. Atherton is the President and Chief Executive Officer of Bell, a Textron Inc. (NYSE:TXT) company, and a member of Textron's Executive Leadership Team. She oversees a multibillion-dollar business that provides innovative products for defense and commercial customers across the globe. Prior to assuming her role as President and Chief Executive Officer, Atherton served as the Chief Operating Officer of Bell. In 20
Former Commanding General of U.S. Army Forces Command, Currently a Textron Director Waltham, Mass., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (NASDAQ:NNDM) ("Nano Dimension" or the "Company"), a leading supplier of Additively Manufactured Electronics and multi-dimensional polymer, metal & ceramic Additive Manufacturing 3D printers, today announced that 4-Star General (Ret.) Michael X. Garrett has been appointed as a member of its Board of Directors, effective as of October 15th, 2023. General Garrett is a retired United States Army four-star general with nearly 40 years of service, most recently serving as Commanding General, United States Army Forces Command ("FORSCOM"), th
Textron Inc. (NYSE:TXT) today announced the appointment of Shannon Hines as senior vice president, Government Affairs & Washington Operations, effective February 22. Hines will lead Textron's government affairs activities, engaging with the legislative and executive branches, federal agencies, including the Department of Defense, and industry associations. She will report directly to Textron Chairman and CEO Scott C. Donnelly. Hines joins Textron following a career on Capitol Hill where she was most recently Republican staff director for the Senate Appropriations Committee. In this role, she served as chief advisor to Sen. Richard Shelby of Alabama and was the primary liaison between the
MILFORD, Mass.--(BUSINESS WIRE)--Waters Corporation (NYSE:WAT) today announced that Sherry Buck will step down as Chief Financial Officer, effective December 31, 2020, in order to pursue another opportunity at a privately held company. Upon her departure, Michael F. Silveira, Vice President and Corporate Controller of Waters, will assume the role of interim Chief Financial Officer. Ms. Buck will work alongside Mr. Silveira in order to facilitate a smooth transition. Waters has been actively working with a leading search firm to identify a permanent CFO, and the process is advancing well with several strong internal and external candidates. “On behalf of the Board and management,
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TD Cowen downgraded Textron from Buy to Hold and set a new price target of $95.00 from $103.00 previously
Morgan Stanley downgraded Textron from Overweight to Equal-Weight and set a new price target of $95.00
BofA Securities upgraded Textron from Neutral to Buy and set a new price target of $105.00 from $85.00 previously
UBS initiated coverage of Textron with a rating of Sell and set a new price target of $73.00
Citigroup initiated coverage of Textron with a rating of Buy and set a new price target of $90.00
Vertical Research downgraded Textron from Buy to Hold and set a new price target of $70.00
Wolfe Research initiated coverage of Textron with a rating of Peer Perform
Bernstein initiated coverage of Textron with a rating of Mkt Perform
Morgan Stanley reiterated coverage of Textron with a rating of Overweight and set a new price target of $89.00 from $88.00 previously
Cowen & Co. upgraded Textron from Market Perform to Outperform and set a new price target of $95.00 from $75.00 previously
Garmin Ltd. (NYSE:GRMN) shares are trading higher on Wednesday. Garmin has announced a partnership with Arctic Cat Inc., a Textron Inc. (NYSE:TXT) subsidiary renowned in snowmobiles and powersports, to integrate the Arctic Cat G8 display powered by Garmin into select 2025 snowmobile models. Garmin and Arctic Cat continue their collaboration with the Arctic Cat G8, marking their latest joint effort in display technology for snowmobiles and off-road vehicles, extending their partnership from install kits introduced as early as 2021. According to Benzinga Pro, GRMN stock has gained over 64% in the past year. Investors can gain exposure to the stock via Global X Internet Of Things ETF (
Garmin (NYSE:GRMN) today announced a collaboration with Arctic Cat® Inc., a Textron Inc. company and one of the most respected names in snowmobiles and powersports, to equip select 2025 snowmobile models with the Arctic Cat G8 display powered by Garmin. Using Garmin Tread® GPS technology, the Arctic Cat G8 is an innovative, all-in-one solution that combines cutting-edge navigation with advanced vehicle performance information as well as a Group Ride Radio feature to stay in touch with fellow snowmobilers.
B of A Securities analyst Ronald Epstein maintains Textron (NYSE:TXT) with a Buy and raises the price target from $105 to $110.
Textron's (NYSE:TXT) short percent of float has fallen 25.89% since its last report. The company recently reported that it has 3.49 million shares sold short, which is 2.09% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.86 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is im
Citigroup analyst Jason Gursky maintains Textron (NYSE:TXT) with a Buy and raises the price target from $111 to $115.
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 Beechcraft King Air 260 — is making its show and European debut at the Farnborough International Airshow (FIA). The aircraft will be on display Monday, July 22 through Friday, July 26, at Stand A031 to offer military delegations, members of the media and aviation enthusiasts a first look at the company's next-generation training aircraft.
UBS analyst Gavin Parsons maintains Textron (NYSE:TXT) with a Sell and raises the price target from $84 to $87.
TD Cowen analyst Cai Rumohr maintains Textron (NYSE:TXT) with a Buy and raises the price target from $100 to $103.
Textron (NYSE:TXT) reported quarterly earnings of $1.54 per share which beat the analyst consensus estimate of $1.49 by 3.36 percent. The company reported quarterly sales of $3.527 billion which missed the analyst consensus estimate of $3.554 billion by 0.75 percent. This is a 3.01 percent increase over sales of $3.424 billion the same period last year.
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