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 |
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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. |
7/30/2021 | $87.00 → $88.00 | Overweight | Morgan Stanley |
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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.
New upgrade options are also available for G5000-equipped Citation Excel and XLS aircraft OLATHE, Kan., Sept. 17, 2024 /PRNewswire/ -- Garmin (NYSE:GRMN) today announced it has received certification of the G5000® integrated flight deck for Cessna Citation XLS+ and XLS Gen2 aircraft, building upon the successful G5000 upgrade program for Citation Excel and XLS aircraft. The G5000 integrated avionics suite modernizes the cockpit with additional capabilities, significantly reduces operational costs, increases situational awareness of the flight crew and solves long-term concerns related to legacy avionics parts obsolescence.
Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company, today announced that the company has received Federal Aviation Administration (FAA) approval of the company's new Safety Management System (SMS) implementation plan to support the design and manufacturing of Cessna and Beechcraft aircraft. This approval builds on the company's previously FAA-accepted and approved SMS program supporting the maintenance and support of iconic Cessna and Beechcraft aircraft, and underscores the company's dedication to maintaining the highest standards of product quality at every level of operations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home
RYE, N.Y., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with management in a one-on-one setting. Prospective attendees can learn more about the symposium on our website. Agenda 7:50 AMWelcome & IntroTony Bancroft – Gabelli Funds 8:00Moog Inc. (
TRU Simulation + Training Inc., a Textron Inc. (NYSE:TXT) company recently announced delivery of the Beechcraft T-6C Texan II Operational Flight Trainer (OFT) to the Tunisian Air Force. Additional items delivered with the OFT include a Computer Based Training (CBT) Lab with eight workstations, two Avionics Desktop Trainings (ADTs) and field services. The OFT will be the first device of its kind within the region and will support flight training needs at the Sfax Air Base in Sfax, Tunisia. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240828458119/en/TRU Simulation delivers Beechcraft T-6C Operational Flight Trainer to Tunisian
RYE, N.Y., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with management in a one-on-one setting. Prospective attendees can learn more about the symposium on our website. Agenda 7:50 AMWelcome & IntroTony Bancroft – Gabelli Funds8:00Moog Inc. (NYSE:MOG)
RYE, N.Y., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with management in a one-on-one setting. Prospective attendees can learn more about the symposium on our website. Featured Companies AAR Corp. (NYSE:AIR)Graham Corporation (NYSE:GHM) Sean Gillen –
Textron Aviation today announced that the Cessna SkyCourier twin utility turboprop has been awarded type certification by the Civil Aviation Authority of the Philippines (CAAP), expanding the aircraft's ability to support operational activities in remote areas of southeast Asia. The first SkyCourier in the region – A 19-seat passenger variant – is planned to be delivered in the second half of 2025 to Leading Edge Air Services Corporation (LEASCOR), a wholly owned subsidiary of ACDI Multipurpose Cooperative in the Philippines. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240821639237/en/Textron Aviation | Cessna SkyCourier (Pho
Textron Aviation today announced that it has delivered the 400th Cessna Citation Latitude business jet to longtime Citation customer Simmons Foods, a family-owned and operated company since 1949, of Siloam Springs, Arkansas. Simmons Foods will utilize the new aircraft to enhance the efficiency of its company's business travel, complementing its existing fleet of three Citation jets that are integral to managing operations across multiple locations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240812487396/en/Textron Aviation | 400th Latitude Delivery (Photo: Business Wire) The Cessna Citation Latitude midsize business jet is d
TRU Simulation today announced the Federal Aviation Administration Level D certification and delivery of a Cessna Citation Longitude Full Flight Simulator (FFS) for FlightSafety International's Columbus, Ohio Learning Center. The new simulator will support FlightSafety in providing quality training services for Textron Aviation's flagship super-midsize Cessna Citation jet. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240808420217/en/TRU Simulation announced the Federal Aviation Administration Level D certification and delivery of a Cessna Citation Longitude Full Flight Simulator (FFS) for FlightSafety International's Columbus,
Bell Textron Inc., a Textron Inc. (NYSE:TXT) company, announced today the United States Army has approved the Milestone B decision for the Future Long Range Assault Aircraft (FLRAA), marking the beginning of the weapon system's Program of Record (PoR). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240804148748/en/The United States Army has approved the Milestone B decision for the Future Long Range Assault Aircraft, marking the beginning of the weapon system's Program of Record. (Photo: Business Wire) "This achievement marks a historic moment for both the U.S. Army and Bell," said Ryan Ehinger, Bell's Senior Vice President and
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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,
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
EPS of $1.01; adjusted EPS of $1.60, up 30% from a year ago Full-year adjusted EPS of $5.59, up from $4.45 in 2022 Full-year share repurchases $1.168 billion Aviation backlog of $7.2 billion at year-end 2023, up $782 million from year-end 2022 2024 full-year EPS outlook of $5.62 to $5.82, full year adjusted EPS outlook of $6.20 to $6.40 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 quarter of 2022. Adjusted income from continuing operations, a non-GAAP measure that is defined and reconciled to GAAP in an attachment to this release, was $1.60 per share for the fourt
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 8:00 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: 2046023. In addition, the call will be recorded and available for playback beginning at 11:00 a.m. (Eastern) on Wednesday, January 24, 2024 by dialing (402) 970-0847; Access Code: 4065507. About Textron Inc. Textron Inc. is a multi-industry company that leverages its global network of aircraft, defe
EPS of $1.35; adjusted EPS of $1.49, up 30% from a year ago $235 million returned to shareholders through share repurchases in the third quarter Full-year adjusted EPS outlook raised to $5.45 - $5.55 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 of 2022. Adjusted income from continuing operations, a non-GAAP measure that is defined and reconciled to GAAP in an attachment to this release, was $1.49 per share for the third quarter of 2023, compared to $1.15 per share in the third quarter of 2022. "In the quarter, we saw higher overall revenues and net operating pro
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
Morgan Stanley reiterated coverage of Textron with a rating of Overweight and set a new price target of $88.00 from $87.00 previously