Textron Inc (NYSE: TXT) is -5.36% lower on its value in year-to-date trading and has touched a low of $76.98 and a high of $97.33 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 $80.07 in the last trading session, with the day’s loss setting it -3.96%.
Currently trading at $76.11, the stock is -8.32% and -10.01% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.3 million and changing -4.95% at the moment leaves the stock -13.48% off its SMA200. TXT registered -4.38% loss for a year compared to 6-month loss of -11.77%. The firm has a 50-day simple moving average (SMA 50) of $84.7568 and a 200-day simple moving average (SMA200) of $88.0316.
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The stock witnessed a -8.68% gain in the last 1 month and extending the period to 3 months gives it a -14.43%, and is -7.33% 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 2.47% over the week and 1.86% over the month.
Textron Inc (TXT) has around 35000 employees, a market worth around $14.12B and $13.98B in sales. Current P/E ratio is 16.68 and Fwd P/E is 11.52. Profit margin for the company is 6.30%. Distance from 52-week low is -1.13% and -21.81% from its 52-week high. The company has generated returns on investments over the last 12 months (8.40%).
The EPS is expected to shrink by -1.40% this year
926.0 institutions hold shares in Textron Inc (TXT), with institutional investors hold 87.25% of the company’s shares. The shares outstanding are 185.50M, and float is at 184.32M with Short Float at 1.95%. Institutions hold 86.69% 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).
