Textron Inc. (NYSE: TXT) is -12.05% lower on its value in year-to-date trading and has touched a low of $57.11 and a high of $76.11 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TXT stock was last observed hovering at around $63.97 in the last trading session, with the day’s loss setting it -1.7%.
Currently trading at $62.27, the stock is -4.53% and -7.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.57 million and changing -2.66% at the moment leaves the stock -8.35% off its SMA200. TXT registered -3.04% loss for a year compared to 6-month loss of -11.71%. The firm has a 50-day simple moving average (SMA 50) of $1.16 and a 200-day simple moving average (SMA200) of $9.96.
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The stock witnessed a -7.34% gain in the last 1 month and extending the period to 3 months gives it a -15.55%, and is -3.32% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.80% over the week and 2.08% over the month.
Textron Inc. (TXT) has around 34000 employees, a market worth around $12.72B and $12.89B in sales. Current P/E ratio is 15.34 and Fwd P/E is 10.73. Profit margin for the company is 6.70%. Distance from 52-week low is 9.04% and -18.18% from its 52-week high. The company has generated returns on investments over the last 12 months (6.80%).
Textron Inc. (TXT) Analyst Forecasts
Textron Inc. is expected to release its quarterly report on 07/27/2023.The EPS is expected to grow by 21.60% this year
Textron Inc. (TXT) Top Institutional Holders
The shares outstanding are 204.84M, and float is at 200.71M with Short Float at 2.86%.
Textron Inc. (TXT) Insider Activity
A total of 18 insider transactions have happened at Textron Inc. (TXT) in the last six months, with sales accounting for 9 and purchases happening 9 times. The most recent transaction is an insider sale by DONNELLY SCOTT C, the company’s Chairman, President & CEO. SEC filings show that DONNELLY SCOTT C sold 222,319 shares of the company’s common stock on Feb 21 at a price of $73.35 per share for a total of $16.31 million. Following the sale, the insider now owns 0.68 million shares.
Textron Inc. disclosed in a document filed with the SEC on Feb 21 that Connor Frank T (Executive Vice President & CFO) sold a total of 63,361 shares of the company’s common stock. The trade occurred on Feb 21 and was made at $73.35 per share for $4.65 million. Following the transaction, the insider now directly holds 0.15 million shares of the TXT stock.
Textron Inc. (TXT): Who are the competitors?
The company’s main competitors (and peers) include Honeywell International Inc. (HON) that is trading 1.20% up over the past 12 months and Raytheon Technologies Corporation (RTX) that is 1.99% higher over the same period. The Boeing Company (BA) is 60.61% up on the 1-year trading charts.
