Textron Inc. (NYSE: TXT) is 8.79% higher on its value in year-to-date trading and has touched a low of $74.13 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 $88.69 in the last trading session, with the day’s loss setting it -1.2%.
Currently trading at $87.49, the stock is -1.05% and -1.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.3 million and changing -1.35% at the moment leaves the stock 0.56% off its SMA200. TXT registered 14.92% gain for a year compared to 6-month loss of -7.06%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -1.28% gain in the last 1 month and extending the period to 3 months gives it a 1.78%, and is 1.21% up 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 1.66% over the week and 1.71% over the month.
Textron Inc. (TXT) has around 35000 employees, a market worth around $16.39B and $13.90B in sales. Current P/E ratio is 18.50 and Fwd P/E is 12.41. Profit margin for the company is 6.67%. Distance from 52-week low is 18.02% and -10.11% from its 52-week high. The company has generated returns on investments over the last 12 months (8.91%).
Textron Inc. quarterly earnings per share for the current quarter are estimated at 1.59 with sales reaching $3.62B over the same period.The EPS is expected to grow by 12.84% this year, but quarterly earnings will post 5.90% year-over-year. Quarterly sales are estimated to grow 8.20% in year-over-year returns.
904.0 institutions hold shares in Textron Inc. (TXT), with institutional investors hold 87.06% of the company’s shares. The shares outstanding are 192.90M, and float is at 186.18M with Short Float at 1.98%. Institutions hold 86.50% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 21.82 million shares valued at $1.87 billion. The investor’s holdings represent 11.3182 of the TXT Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 15.61 million shares valued at $1.34 billion to account for 8.0969 of the shares outstanding. The other top investors are T. ROWE PRICE INVESTMENT MANAGEMENT, INC. which holds 13.38 million shares representing 6.9403 and valued at over $1.15 billion, while STATE STREET CORP holds 4.5709 of the shares totaling 8.81 million with a market value of $756.83 million.
Textron Inc. (TXT) Insider Activity
The most recent transaction is an insider sale by BADER KATHLEEN M, the company’s Director. SEC filings show that BADER KATHLEEN M sold 11,870 shares of the company’s common stock on May 16 ’24 at a price of $87.91 per share for a total of $1.04 million. Following the sale, the insider now owns 3756.0 shares.
Textron Inc. disclosed in a document filed with the SEC on Feb 21 ’24 that Lupone E Robert (EVP, General Counsel & Secy) sold a total of 48,825 shares of the company’s common stock. The trade occurred on Feb 21 ’24 and was made at $85.17 per share for $4.16 million. Following the transaction, the insider now directly holds 97993.0 shares of the TXT stock.
Still, SEC filings show that on Feb 20 ’24, Lupone E Robert (EVP, General Counsel & Secy) disposed off 8,380 shares at an average price of $85.11 for $0.71 million. The insider now directly holds 97,993 shares of Textron Inc. (TXT).
