Textron Inc. (NYSE: TXT) is 15.12% higher on its value in year-to-date trading and has touched a low of $61.27 and a high of $97.33 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TXT stock was last observed hovering at around $92.21 in the last trading session, with the day’s gains setting it 0.37%.
Currently trading at $92.58, the stock is -2.65% and 1.43% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.81 million and changing 0.40% at the moment leaves the stock 15.06% off its SMA200. TXT registered 33.52% gain for a year compared to 6-month gain of 15.90%.
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The stock witnessed a -1.66% loss in the last 1 month and extending the period to 3 months gives it a 18.18%, and is -2.16% 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 1.77% over the week and 1.31% over the month.
Textron Inc. (TXT) has around 35000 employees, a market worth around $17.81B and $13.68B in sales. Current P/E ratio is 20.26 and Fwd P/E is 13.25. Profit margin for the company is 6.73%. Distance from 52-week low is 51.10% and -4.89% from its 52-week high. The company has generated returns on investments over the last 12 months (8.50%).
The EPS is expected to grow by 12.84% this year
The shares outstanding are 192.90M, and float is at 191.24M with Short Float at 2.54%.
Textron Inc. (TXT) Insider Activity
The most recent transaction is an insider sale by Lupone E Robert, the company’s EVP, General Counsel & Secy. SEC filings show that Lupone E Robert sold 48,825 shares of the company’s common stock on Feb 21 ’24 at a price of $85.17 per share for a total of $4.16 million. Following the sale, the insider now owns 97993.0 shares.
Textron Inc. disclosed in a document filed with the SEC on Feb 20 ’24 that Lupone E Robert (EVP, General Counsel & Secy) sold a total of 8,380 shares of the company’s common stock. The trade occurred on Feb 20 ’24 and was made at $85.11 per share for $0.71 million. Following the transaction, the insider now directly holds 97993.0 shares of the TXT stock.
Still, SEC filings show that on Feb 16 ’24, Bamford Mark S (VP & Corporate Controller) disposed off 6,177 shares at an average price of $86.45 for $0.53 million. The insider now directly holds 17,840 shares of Textron Inc. (TXT).
