Textron Inc (NYSE: TXT) is -7.95% lower on its value in year-to-date trading and has touched a low of $57.70 and a high of $93.98 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 $85.0 in the last trading session, with the day’s loss setting it -0.25%.
Currently trading at $84.75, the stock is 2.92% and 8.41% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.7 million and changing -0.29% at the moment leaves the stock 9.30% off its SMA200. TXT registered 10.80% gain for a year compared to 6-month loss of 7.50%. The firm has a 50-day simple moving average (SMA 50) of $77.8826 and a 200-day simple moving average (SMA200) of $77.5578.
The stock witnessed a 10.63% gain in the last 1 month and extending the period to 3 months gives it a 28.33%, and is -0.75% 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 1.89% over the week and 1.90% over the month.
Textron Inc (TXT) has around 34000 employees, a market worth around $15.30B and $13.87B in sales. Current P/E ratio is 19.19 and Fwd P/E is 12.25. Profit margin for the company is 5.98%. Distance from 52-week low is 46.88% and -9.82% from its 52-week high. The company has generated returns on investments over the last 12 months (7.57%).
The EPS is expected to grow by 12.24% this year.
Textron Inc (TXT) Top Institutional Holders
882.0 institutions hold shares in Textron Inc (TXT), with institutional investors hold 86.65% of the company’s shares. The shares outstanding are 180.58M, and float is at 179.31M with Short Float at 2.97%. Institutions hold 86.15% 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 11.374% 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’sVP & 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.
