Textron Inc. (NYSE: TXT) kicked off on Friday, down -0.30% from the previous trading day, before settling in for the closing price of $90.32. Over the past 52 weeks, TXT has traded in a range of $74.13-$97.33.
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Annual sales at Industrials sector company slipped by -0.09% over the past five years. While this was happening, its average annual earnings per share was recorded 9.49%. With a float of $186.18 million, this company’s outstanding shares have now reached $192.90 million.
Let’s look at the performance matrix of the company that is accounted for 35000 employees. In terms of profitability, gross margin is 16.67%, operating margin of -11.88%, and the pretax margin is 7.85%.
Textron Inc. (TXT) Insider Updates
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 0.63%, while institutional ownership is 85.14%. The most recent insider transaction that took place on May 16 ’24, was worth 1,043,491. In this transaction Director of this company sold 11,870 shares at a rate of $87.91, taking the stock ownership to the 3,756 shares. Before that another transaction happened on Feb 21 ’24, when Company’s EVP, General Counsel & Secy sold 48,825 for $85.17, making the entire transaction worth $4,158,484. This insider now owns 97,993 shares in total.
Textron Inc. (TXT) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 1.49 earnings per share (EPS), higher than consensus estimate (set at 1.29) by 0.2. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.89 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 9.49% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.05% 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 0.67. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.21. Likewise, its price to free cash flow for the trailing twelve months is 21.88.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.73, a number that is poised to hit 1.49 in the next quarter and is forecasted to reach 6.94 in one year’s time.
Technical Analysis of Textron Inc. (TXT)
Textron Inc. (NYSE: TXT) saw its 5-day average volume 0.95 million, a negative change from its year-to-date volume of 1.07 million. As of the previous 9 days, the stock’s Stochastic %D was 86.13%. Additionally, its Average True Range was 1.60.
During the past 100 days, Textron Inc.’s (TXT) raw stochastic average was set at 60.10%, which indicates a significant decrease from 90.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.53% in the past 14 days, which was lower than the 20.27% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $87.68, while its 200-day Moving Average is $88.00. Nevertheless, the first resistance level for the watch stands at $90.63 in the near term. At $91.22, the stock is likely to face the second major resistance level. The third major resistance level sits at $91.76. If the price goes on to break the first support level at $89.50, it is likely to go to the next support level at $88.96. Assuming the price breaks the second support level, the third support level stands at $88.37.
Textron Inc. (NYSE: TXT) Key Stats
The company with the Market Capitalisation of 16.87 billion has total of 190,699K 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 3,527 M and last quarter income was 259,000 K.
