TXT - Textron Inc.

NYSE - NYSE Delayed Price. Currency in USD
46.22
+0.23 (+0.50%)
At close: 4:04PM EST
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Previous Close45.99
Open45.99
Bid0.00 x 800
Ask0.00 x 800
Day's Range45.77 - 46.42
52 Week Range42.30 - 58.00
Volume1,246,845
Avg. Volume1,424,775
Market Cap10.55B
Beta (3Y Monthly)1.73
PE Ratio (TTM)12.61
EPS (TTM)3.66
Earnings DateJan 22, 2020 - Jan 27, 2020
Forward Dividend & Yield0.08 (0.17%)
Ex-Dividend Date2019-12-12
1y Target Est56.23
  • These 3 Aerospace Stocks Can Fly High in 2020
    TipRanks

    These 3 Aerospace Stocks Can Fly High in 2020

    One small step for man, one giant leap for… investors looking into aerospace stocks heading to the moon?Talk of a looming recession has been a theme among investors this year. Whether a recession hits or not, Goldman Sachs notes that one sector in particular usually performs well as the market enters into such unpredictable territory, namely Aerospace and Defense.The space has plenty of good stocks, but naturally investors are looking for the right ones to put their hard-earned cash into. Using TipRanks’ Stock Screener tool, we locked in our focus on 3 aerospace stocks the analysts think are ready for lift off heading into 2020. AeroVironment, Inc. (AVAV)Our first aerospace pick is the aptly named, AeroVironment. The company makes unmanned aircraft systems and is the Pentagon's top supplier of small drones — including the Raven, Wasp, and Puma models. The Raven holds the lofty title of “the most widely used military unmanned aircraft system in the world”.The drone manufacturer has been keeping busy. AeroVironment recently secured a $12 million contract from an unnamed Middle Eastern country to supply logistics, parts, and services for an existing fleet of Puma and Raven aircrafts, alongside a $55 million U.S. army contract to begin radio frequency modifications on its Raven fleet.The company is profitable, has cash in the coffers, and Piper Jaffray’s Troy Jensen thinks now is the time for investors to take note. The 5-star analyst said, “We believe the recent pullback in AVAV shares has created a more compelling entry point and we continue to believe the company will execute on a variety of growth initiatives throughout FY20 and beyond. We continue to believe AVAV will benefit as U.S. defense budgets shift more toward unmanned aircraft and international defense sales should grow even faster than domestic sales, given its recent focus on international expansion”.Putting his money where his mouth is, Jensen upgraded his rating on AVAV from Hold to Buy and increased his price target to $76 (from $66). (To watch Jensen’s track record, click here)The Street is set to join Jensen on the launch pad, as AVAV currently has a Strong Buy consensus rating, which breaks down into 3 Buys and 1 Hold. The average price target is $78, implying 29% upside from its current price of $60.63. (See AeroVironment stock analysis on TipRanks)Aerojet Rocketdyne Holdings (AJRD)It is hard to sound more impressive than a company that essentially designs spacecrafts, but then Aerojet Rocketdyne does what it says on the tin. It supplies aerospace and defense products to the U.S government’s major space and defense contractors. The company recently notched a world’s first when it showcased an Advanced Electric Propulsion System (AEPS) thruster at full power which will be used for NASA’s Gateway, an orbiting lunar outpost for robotic and human exploration operations in deep space. Woah.Back down on earth though, Aerojet recently posted a disappointing 3Q19 report. Revenues fell 3.4% year-over-year to $481.8M, below the Street's estimate of $505.4M. EPS of $0.35 was also lower than the Street’s estimate of $0.44.However, SunTrust Robinson’s 5-star analyst Michael Ciarmoli believes the company’s lighter bookings and revenue weakness were more to do with timing than specific problems. Citing Aerojet’s ability to build and generate cash at a strong pace as well as the excess of $650M on its balance sheet, he argues that investors should feel reassured.Ciarmoli said, “In our view, AJRD remains an underfollowed SMID-cap defense contractor poised to benefit from favorable defense spending and space-based trends… We believe ongoing operational improvement efforts, recent leadership changes, and the potential to reengage with Wall Street, all will positively influence shares in the near-term.” To this end, the analyst reiterated his buy rating alongside a price target of $55.00 implying upside potential of 26%. (To watch Ciarmoli’s track record, click here)Canaccord Genuity’s Kenneth Herbert is another analyst predicting lift off for the rocket designer. After recently meeting the company’s management, the 5-star analyst came away impressed, noting, “The 2020-2021 MSD top-line growth is expected to be driven by defense sales (THAAD, Standard Missile, GMLRS, Hypersonics), while space sales re-set at a higher run rate after strong 2019 growth (NASA up ~15% YTD). While much of the margin improvement is reflected in results, we believe top-line growth and capital allocation will be positive catalysts.” (To watch Herbert’s track record, click here)The Street is relatively quiet right now regarding Aerojet. With 2 Buys and 1 Hold, AJRD currently ranks as a Moderate Buy. The aerospace specialist, though, has an average price target of $53.00, which implies an increase of 22% from its current price of $43.60. (See Aerojet stock analysis on TipRanks) Textron (TXT)Textron was founded in 1923 as a textile company but through its expansion and metamorphosis, a century later it is a multinational company with over 35,000 employees worldwide and several big-name subsidiaries under its umbrella, including Bell, Cessna, Beechcraft, E-Z-GO, and Arctic Cat. The company experienced a bit of a sell-off following its recent Q3 report, due to what investors saw as underwhelming performance - the company reported a beat on earnings but missed on revenue. Sector wise, aviation saw notable growth, along with the industrial division. On the other hand, TXT Systems underperformed.Jeffries’ Sheila Kahyaoglu recently met up with company management and following the meeting had some key takeaways, noting, “The tone of the meeting was subdued on the business jet demand environment, with the upside in the portfolio from defense programs including FARA, FLRAA, Navy Trainer, and AT-6.”Highlighting the multinational’s diverse holdings, the 5-star analyst added,” We believe TXT has the potential for significant organic growth given its new product pipeline. Improved market dynamics and some investment holiday should lead to higher earnings in 2019/20. We think this growth outlook is not reflected in the current ~25% valuation discount to peers on an EV/EBITDA basis.”The 5-star analyst reiterated her buy rating on TXT. Her price target remains a bullish $65.00, implying handsome upside potential of 38%. (To watch Kahyaoglu’s track record, click here)Overall, the Street’s sentiment on TXT stock is mixed, giving the multinational a Moderate Buy rating alongside an average price target of $54.40. This implies upside of almost 17% from its current price of $46.37. (See Textron stock analysis on TipRanks)

  • Bell-Boeing JV Wins $379M Deal to Aid V-22 Tiltrotor Program
    Zacks

    Bell-Boeing JV Wins $379M Deal to Aid V-22 Tiltrotor Program

    Bell-Boeing, a joint venture between Boeing (BA) and Textron's Bell Helicopter, is going to support the V-22 platform in Maryland, Texas and Pennsylvania.

  • NetApp eyeing move to Innovation Campus at WSU
    American City Business Journals

    NetApp eyeing move to Innovation Campus at WSU

    The company is said to be hopeful of building a new complex near 17th and Oliver in the next few years.

  • Textron Aviation eyes special missions future for its newest aircraft
    American City Business Journals

    Textron Aviation eyes special missions future for its newest aircraft

    With a special missions sale in the bag for its newest business jet, Textron Aviation sees a similar future for its next new turboprop aircraft.

  • Why Is Textron (TXT) Down 1.5% Since Last Earnings Report?
    Zacks

    Why Is Textron (TXT) Down 1.5% Since Last Earnings Report?

    Textron (TXT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Lawmakers propose $25M federal campaign to address aerospace worker shortage
    American City Business Journals

    Lawmakers propose $25M federal campaign to address aerospace worker shortage

    Washington U.S. Rep. Rick Larsen led a group of bipartisan lawmakers that introduced a bill Friday providing for a $25 million campaign to promote careers in aerospace and other transportation sectors.

  • American City Business Journals

    Slideshow: See 2019's most popular business jets as deliveries climb

    New data shows global business jet deliveries are up 15.4 precent through the first nine months of the year.

  • Embraer's (ERJ) Earnings Miss Estimates in Q3, Revenues Up
    Zacks

    Embraer's (ERJ) Earnings Miss Estimates in Q3, Revenues Up

    Embraer's (ERJ) third-quarter 2019 revenues increase on a year-over-year basis.

  • Financial Times

    US companies stay cautious on spending under strain of trade war

    on new factories and equipment by big US companies appears to have persisted through the third quarter of 2019, according to the latest round of earnings reports, which featured warnings from executives that budgets are likely to slow further in the final months of this year. Company executives have also indicated during earnings season that the pace of growth will slump to 1.8 per cent in the fourth quarter, underlining the shadow cast on boardrooms by trade wars and other global factors. “Corporate cash spending will continue to face pressure as management teams deal with persisting uncertainty,” David Kostin, chief US equity strategist for Goldman Sachs, said in a research note.

  • Business Wire

    Textron Businesses Display Innovative and Diverse Product Lineup at Dubai Airshow

    Bell Textron Inc., Textron Systems, Textron Aviation Inc. and Textron Aviation Defense LLC, all businesses of Textron Inc. (TXT), will display a vast product portfolio of commercial and military aircraft at the Dubai Airshow—one of the world’s largest and most important aerospace events. The show takes place November 17-21 at DWC, Dubai Airshow Site. Textron will be displaying at Pavilion S12 and Chalet A43-45.

  • FAA program to help make private aviation more private
    American City Business Journals

    FAA program to help make private aviation more private

    A new privacy program could help mitigate concerns related to data being transmitted by federally mandated equipment on aircraft.

  • Broad recruiting strategy has Textron Aviation poised to hit hiring goals
    American City Business Journals

    Broad recruiting strategy has Textron Aviation poised to hit hiring goals

    With the realization that there is no silver bullet to solving the skills gap, Textron Aviation's broadened recruiting strategy is helping it find workers its needs now and in the future.

  • Huntington Ingalls' (HII) Q3 Earnings Beat, Revenues Up Y/Y
    Zacks

    Huntington Ingalls' (HII) Q3 Earnings Beat, Revenues Up Y/Y

    Huntington Ingalls' (HII) top line up 6.5% year over year to $2,219 million, owing to higher volume in the Newport News Shipbuilding division and growth in the Technical Solutions division.

  • Kratos' (KTOS) Q3 Earnings Beat Estimates, Revenues Rise Y/Y
    Zacks

    Kratos' (KTOS) Q3 Earnings Beat Estimates, Revenues Rise Y/Y

    Kratos Defense's (KTOS) Q3 sales total $184.1 million, beating the Zacks Consensus Estimate by a whisker. Sales rise 15.5% year over year.

  • Textron Aviation growing with aftermarket 737 work
    American City Business Journals

    Textron Aviation growing with aftermarket 737 work

    The business jet manufacturer earlier this year began shipping overhauled 737 landing gear to airline customers via its Able Aerospace Services division.

  • New WSU president sees opportunity to expand industry partnerships
    American City Business Journals

    New WSU president sees opportunity to expand industry partnerships

    Jay Golden says he isn't coming to Wichita to be an agent of change. He's coming to try and make a good thing even better.

  • Should You Be Concerned About Textron Inc.'s (NYSE:TXT) Earnings Growth?
    Simply Wall St.

    Should You Be Concerned About Textron Inc.'s (NYSE:TXT) Earnings Growth?

    Understanding Textron Inc.'s (NYSE:TXT) performance as a company requires examining more than earnings from one point...

  • AMD Stock Still Looks Expensive
    InvestorPlace

    AMD Stock Still Looks Expensive

    After a nearly doubling this year, Advanced Micro Devices (NASDAQ:AMD) stock appears to be running out of gas.Source: JHVEPhoto / Shutterstock.com InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe company's latest earnings report failed to wow Wall Street. Net income at the Santa Clara, Calif.-based company rose to $120 million, or 11 cents per share, compared with $102 million, or 9 cents, a year ago, in GAAP earnings. Revenue at AMD rose 9% to $1.8 billion. The adjusted per-share profit was 18 cents. On that basis, analysts expected AMD to report a per-share profit of 18 cents on revenue of $1.81 million.While AMD reported its highest quarterly sales since 2005 thanks to strong sales of its 7nm Ryzen processors, Radeon graphics chips and EPYC server chips, the company also issued its second straight disappointing guidance. Disappointing Wall Street Yet AgainOf course, "disappointing" is in the eye of the beholder. AMD's revenue projection for the current quarter is between $2.05 billion to $2.15 billion, roughly a 48% increase. Wall Street's expectations were for $2.15 billion. The stock sold off in after-hours trading before rebounding. * 7 Stocks to Buy in November Gains in AMD's Computing and Graphics division continued to offset weaknesses in the company's Enterprise, Embedded and Semi-Custom business in its latest quarter.Microsoft's decision to phase out support for Windows 7 is giving the moribund PC market a boost, which is good news for AMD's Computing and Graphics business and its rivals. The unit's sales jumped 36% to $1.28 billion, its best performance since 2011. Operating income rose nearly 80% to $179 million. Keep in mind, though, that the PC market continues to have its challenges. Data from Gartner estimates that worldwide shipments gained 1.1% on a year-over-year basis in the third quarter. The U.S. posted a 0.3% decline as gains in desktop PCs couldn't overcome a third consecutive quarter of declines for mobile PCs.AMD's Enterprise, Embedded, and Semi-Custom business continue to underperform because of soft demand for game consoles like the Microsoft (NASDAQ: MSFT) Xbox and Sony (NYSE:SNE) PlayStation. Revenue slumped 27% year-over-year to $525 million. Operating income fell to $61 million as operating expenses rose. Click to Enlarge AMD expects better times ahead for the division as new gaming consoles arrive for the holiday season. I am not sure whether any of these devices will be "game-changers" -- excuse the pun. Market research from Knowledge Sourcing Intelligence expects the console market to have a compound annual growth rate of about 4% for the next few years. AMD Stock Is No BargainShares of AMD have skyrocketed more than 1,000% over the past five as the chipmaker emerged from the shadow of its much larger rival Intel, which gained 66 percent during that same period.About the only reason to buy AMD stock is as a 5G play. As my colleague Will Healy noted last year, the company will benefit from the growing numbers of data centers that will need to be located near cell towers. Even so, whatever good news associated with AMD stock is already reflected in its lofty valuation.With a trailing price-to-earnings multiple topping 179, AMD trades at a premium to rivals, including Intel (NASDAQ:INTC) (13.1), Nvidia (NASDAQ:NVDA) (45.2) and Texas Instruments (NASDAQ:TXN) (21.9). The average 52-week price target for AMD stock is $34.59, about where it currently trades. AMD stock is going to tread water for the foreseeable future and should be avoided unless there is a significant price drop. As of this writing, Jonathan Berr had no positions in the aforementioned stocks. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Buy-and-Hold Stocks to Play Investing's Biggest Trends * 7 Stocks to Buy in November * 5 Strong Buy Stocks Under $5 With Massive Upside Potential The post AMD Stock Still Looks Expensive appeared first on InvestorPlace.

  • FLIR Systems (FLIR) Q3 Earnings Beat, Revenue View Down
    Zacks

    FLIR Systems (FLIR) Q3 Earnings Beat, Revenue View Down

    FLIR Systems' (FLIR) revenues increased 8.4% year over year to $471.2 million in the third quarter. However, the top line misses the Zacks Consensus Estimate by 3%.

  • Curtiss-Wright (CW) Tops Q3 Earnings Estimates, Ups EPS View
    Zacks

    Curtiss-Wright (CW) Tops Q3 Earnings Estimates, Ups EPS View

    Curtiss-Wright's (CW) total sales rise 3% year over year. The top line, however, misses the Zacks Consensus Estimate by 0.9%.

  • Spirit AeroSystems (SPR) Q3 Earnings Miss, Backlog Slips Q/Q
    Zacks

    Spirit AeroSystems (SPR) Q3 Earnings Miss, Backlog Slips Q/Q

    Spirit AeroSystems' (SPR) revenues in the third quarter of 2019 rise 6% year over year on growth across all segments.

  • These 3 Stocks Grant High Earnings Returns
    GuruFocus.com

    These 3 Stocks Grant High Earnings Returns

    The Peter Lynch charts show these stocks as being undervalued Continue reading...

  • Leidos Holdings (LDOS) Beats on Q3 Earnings, Ups 2019 View
    Zacks

    Leidos Holdings (LDOS) Beats on Q3 Earnings, Ups 2019 View

    Leidos Holdings' (LDOS) top line improves 10.1% year over year in the third quarter owing to growth across all segments.

  • L3Harris Technologies (LHX) Q3 Earnings Top, EPS View Up
    Zacks

    L3Harris Technologies (LHX) Q3 Earnings Top, EPS View Up

    L3Harris Technologies' (LHX) Q3 revenues total $4.43 billion, falling short of the Zacks Consensus Estimate by 0.5%.

  • Aerojet Rocketdyne (AJRD) Q3 Earnings Miss, Revenues Down Y/Y
    Zacks

    Aerojet Rocketdyne (AJRD) Q3 Earnings Miss, Revenues Down Y/Y

    Aerojet Rocketdyne's (AJRD) operating income of $55.1 million in the third quarter declines 49.1% from $108.3 million a year ago.