TXT (Textron Inc.) dropped -1.26 at the last close: Is This Today’s Most Popular Stock?

Textron Inc. (NYSE: TXT) kicked off on Tuesday, down -1.26% from the previous trading day, before settling in for the closing price of $95.33. Over the past 52 weeks, TXT has traded in a range of $61.27-$96.80.

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Over the past five-year period, the drop rate of yearbook sales for the company of the Industrials sector was -0.09%. While this was happening, its average annual earnings per share was recorded 12.69%. With a float of $191.24 million, this company’s outstanding shares have now reached $192.90 million.

Considering the fact that the conglomerate employs 35000 people, you should pay attention to its efficiency factor.

Textron Inc. (TXT) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Aerospace & Defense Industry. The insider ownership of Textron Inc. is 0.60%, while institutional ownership is 86.67%. The most recent insider transaction that took place on Feb 21 ’24, was worth 4,158,484. In this transaction EVP, General Counsel & Secy of this company sold 48,825 shares at a rate of $85.17, taking the stock ownership to the 97,993 shares. Before that another transaction happened on Feb 20 ’24, when Company’s EVP, General Counsel & Secy sold 8,380 for $85.11, making the entire transaction worth $713,192. This insider now owns 97,993 shares in total.

Textron Inc. (TXT) Recent Fiscal highlights

In the latest quarterly report, which was put into the public domain on 12/30/2023, the organization reported $1.6 earnings per share (EPS), higher than consensus estimate (set at $1.54) by $0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.55 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 12.69% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 17.50% during the next five years compared to -1.11% drop over the previous five years of trading.

Textron Inc. (NYSE: TXT) Trading Performance Indicators

Take a look at Textron Inc.’s (TXT) current performance indicators. Last quarter, stock had a quick ratio of 0.89. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.32. Likewise, its price to free cash flow for the trailing twelve months is 20.96.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.57, a number that is poised to hit 1.27 in the next quarter and is forecasted to reach 6.96 in one year’s time.

Technical Analysis of Textron Inc. (TXT)

Compared to the last year’s volume of 1.17 million, its volume of 1.12 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 50.60%. Additionally, its Average True Range was 1.17.

During the past 100 days, Textron Inc.’s (TXT) raw stochastic average was set at 88.22%, which indicates a significant increase from 48.95% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 9.44% in the past 14 days, which was lower than the 19.44% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $89.00, while its 200-day Moving Average is $78.90. Nevertheless, the first resistance level for the watch stands at $94.73 in the near term. At $95.33, the stock is likely to face the second major resistance level. The third major resistance level sits at $95.67. If the price goes on to break the first support level at $93.79, it is likely to go to the next support level at $93.45. Now, if the price goes above the second support level, the third support stands at $92.85.

Textron Inc. (NYSE: TXT) Key Stats

The company with the Market Capitalisation of 18.11 billion has total of 192,387K Shares Outstanding. Its annual sales at the moment are 13,683 M in contrast with the sum of 921,000 K annual income. Company’s last quarter sales were recorded 3,892 M and last quarter income was 198,000 K.