Textron Inc (NYSE: TXT) is -20.62% lower on its value in year-to-date trading and has touched a low of $66.83 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 $66.87 in the last trading session, with the day’s loss setting it -6.15%.
Currently trading at $60.72, the stock is -16.46% and -17.48% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.24 million and changing -9.20% at the moment leaves the stock -26.23% off its SMA200. TXT registered -35.65% loss for a year compared to 6-month loss of -30.19%. The firm has a 50-day simple moving average (SMA 50) of $73.5844 and a 200-day simple moving average (SMA200) of $82.31135.
The stock witnessed a -17.24% gain in the last 1 month and extending the period to 3 months gives it a -19.88%, and is -16.82% 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 4.14% over the week and 2.69% over the month.
Textron Inc (TXT) has around 34000 employees, a market worth around $11.03B and $13.70B in sales. Current P/E ratio is 14.05 and Fwd P/E is 8.73. Profit margin for the company is 6.01%. Distance from 52-week low is -9.14% and -37.62% from its 52-week high. The company has generated returns on investments over the last 12 months (7.66%).
with sales reaching $3.25B over the same period.The EPS is expected to grow by 11.89% this year, but quarterly earnings will post 7.13% year-over-year. Quarterly sales are estimated to grow 3.82% in year-over-year returns.
Textron Inc (TXT) Top Institutional Holders
890.0 institutions hold shares in Textron Inc (TXT), with institutional investors hold 88.03% of the company’s shares. The shares outstanding are 182.96M, and float is at 180.38M with Short Float at 2.37%. Institutions hold 87.53% 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 8.1368 of the shares outstanding. The other top investors are T. ROWE PRICE INVESTMENT MANAGEMENT, INC. which holds 13.38 million shares representing 6.9745% and valued at over $1.15 billion, while STATE STREET CORP holds 4.5934 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 Bamford Mark S, the company’s VP & Corporate Controller. SEC filings show that Bamford Mark S sold 5,451 shares of the company’s common stock on Feb 24 ’25 at a price of $72.68 per share for a total of $0.4 million. Following the sale, the insider now owns 18223.0 shares.
Textron Inc disclosed in a document filed with the SEC on Feb 25 ’25 that Bamford Mark S (VP & Corporate Controller) sold a total of 2,000 shares of the company’s common stock. The trade occurred on Feb 25 ’25 and was made at $73.50 per share for $0.15 million. Following the transaction, the insider now directly holds 18223.0 shares of the TXT stock.
Still, SEC filings show that on May 16 ’24, BADER KATHLEEN M (Director) disposed off 11,870 shares at an average price of $87.91 for $1.04 million. The insider now directly holds 3,756 shares of Textron Inc (TXT).
