Textron Inc (NYSE: TXT) is -4.95% lower on its value in year-to-date trading and has touched a low of $75.36 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 $76.85 in the last trading session, with the day’s loss setting it -0.41%.
Currently trading at $76.44, the stock is -6.69% and -8.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing -0.53% at the moment leaves the stock -12.88% off its SMA200. TXT registered -4.53% loss for a year compared to 6-month loss of -11.13%. The firm has a 50-day simple moving average (SMA 50) of $84.1788 and a 200-day simple moving average (SMA200) of $87.8243.
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The stock witnessed a -8.96% gain in the last 1 month and extending the period to 3 months gives it a -11.81%, and is -6.02% 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 2.94% over the week and 1.88% over the month.
Textron Inc (TXT) has around 35000 employees, a market worth around $14.18B and $13.98B in sales. Current P/E ratio is 16.75 and Fwd P/E is 11.76. Profit margin for the company is 6.30%. Distance from 52-week low is 1.43% and -21.47% from its 52-week high. The company has generated returns on investments over the last 12 months (8.40%).
with sales reaching $3.84B over the same period.The EPS is expected to shrink by -1.97% this year, but quarterly earnings will post 1.97% year-over-year. Quarterly sales are estimated to shrink -1.38% in year-over-year returns.
Textron Inc (TXT) Top Institutional Holders
925.0 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 86.68% 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).
