Textron Inc. (NYSE: TXT) on Tuesday, plunged -1.80% from the previous trading day, before settling in for the closing price of $83.27. Within the past 52 weeks, TXT’s price has moved between $74.13 and $97.33.
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Industrials Sector giant saw their annual sales slid by -0.09% over the last five years. The company achieved an average annual earnings per share of -0.08%. With a float of $184.34 million, this company’s outstanding shares have now reached $192.90 million.
The firm has a total of 35000 workers. Let’s measure their productivity. In terms of profitability, gross margin is 16.05%, operating margin of -12.5%, and the pretax margin is 7.45%.
Textron Inc. (TXT) Insider Activity
Observing investor behavior towards Aerospace & Defense industry stocks is more important than anything else. The insider ownership of Textron Inc. is 0.63%, while institutional ownership is 85.96%. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -0.08% 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
Textron Inc. (TXT) is currently performing well based on its current performance indicators. A quick ratio of 0.68 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.08. Likewise, its price to free cash flow for the trailing twelve months is 20.84.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.56, a number that is poised to hit 1.44 in the next quarter and is forecasted to reach 6.68 in one year’s time.
Technical Analysis of Textron Inc. (TXT)
Analysing the last 5-days average volume posted by the [Textron Inc., TXT], we can find that recorded value of 1.57 million was better than the volume posted last year of 1.08 million. As of the previous 9 days, the stock’s Stochastic %D was 17.87%. Additionally, its Average True Range was 1.96.
During the past 100 days, Textron Inc.’s (TXT) raw stochastic average was set at 8.77%, which indicates a significant decrease from 11.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.65% in the past 14 days, which was higher than the 22.91% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $87.41, while its 200-day Moving Average is $88.21. Now, the first resistance to watch is $82.75. This is followed by the second major resistance level at $83.72. The third major resistance level sits at $84.26. If the price goes on to break the first support level at $81.24, it is likely to go to the next support level at $80.70. Should the price break the second support level, the third support level stands at $79.73.
Textron Inc. (NYSE: TXT) Key Stats
Market capitalization of the company is 15.17 billion based on 185,512K outstanding shares. Right now, sales total 13,683 M and income totals 921,000 K. The company made 3,427 M in profit during its latest quarter, and 223,000 K in sales during its previous quarter.
