As of Friday close, Textron Inc.’s (NYSE:TXT) stock was up $0.88, moving up 1.13 percent to $78.63. The average number of shares traded per day over the past five days has been 1,555,880 shares. 3 times new highs have been achieved over the past 5 days, with a $2.25 gain in that time frame. In the last twenty days, the average volume was 1,354,870, while in the previous 50 days, it was 1,221,128.
Since last month, TXT stock rose 17.32%. Shares of the company fell to $66.43 on 07/06/23, the lowest level in the past month. A 52-week high of $78.13 was reached on 08/04/23 after having rallying from a 52-week low of $58.03. Since the beginning of this year, TXT’s stock price has risen by 11.06% or $7.83, and marked a new high 13 times. However, the stock has increased by 0.64% since its 52-week high.
TXT stock investors should be aware that Textron Inc. (TXT) stock had its last reported insider trading activity 165 days ago on Feb 21. DONNELLY SCOTT C, the Chairman, President & CEO of the company, disposed of 222,319 shares for $73.35 on Feb 21. It resulted in a $16,307,179 divestment by the insider. Connor Frank T sold 63,361 shares at an average price of $73.35 on Feb 21. The insider now owns 151,455 shares following the transaction.
Valuation Metrics
Right now, Textron Inc. (TXT) has a P/E ratio of about 19.38. The stock’s beta is 1.49. Besides these, the trailing price-to-sales (P/S) ratio of 1.23, the price-to-book (PB) ratio of 2.24, and the price-to-cash flow ratio of 17.03 may also be considered.
The latest dividend of $0.02 per share was paid out, remained unchanged from last year’s $0.02.
Financial Health
In the three months ended June 29, Textron Inc.’s quick ratio stood at 0.80, while its current ratio was 1.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.45, and the total debt-to-equity ratio was 0.50. On the profitability front, the trailing twelve-month gross margin is 15.90% percent. In the year ended June 29, EBITDA margin amounted to 9.91%, whereas operating margins totaled 7.10%. Based on annual data, TXT earned $2.07 billion in gross profit and brought in $12.87 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 6.80%. Return on equity (ROE) for the past 12 months was 13.00%.
In Textron Inc.’s quarter-end financial report for June 29, it reported total debt of $3.18 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. TXT’s revenue rose 7.89% to $3.02 billion during the quarter, while net income inched up to $3.42 billion. While analysts expected Textron Inc. to report $1.21 quarterly earnings, the actual figure was $1.46 per share, beating the consensus estimate by 20.70%. During the quarter, the company generated $390.0 million in EBITDA. The liabilities of Textron Inc. were 9.45 billion at the end of its most recent quarter ended June 29, and its total debt was $3.91 billion. The value of shareholders’ equity is $198.07 million.
Technical Picture
This quick technical analysis looks at Textron Inc.’s (TXT) price momentum. With a historical volatility rate of 54.43%, the RSI 9-day stood at 82.35% on 04 August.
With respect to its five-day moving average, the current Textron Inc. price is up by +2.95% percent or $2.25. At present, TXT shares trade +16.44% above its 20-day simple moving average and +17.13% percent above its 100-day simple moving average. However, the stock is currently trading approximately +22.92% above its SMA50 and +27.34% above its SMA200.
Stochastic coefficient K was 92.67% and Stochastic coefficient D was 93.90%, while ATR was 1.71. Given the Stochastic reading of 93.32% for the 14-day period, the RSI (14) reading has been calculated as 79.07%. As of today, the MACD Oscillator reading stands at 2.36, while the 14-day reading stands at 5.03.
Analyst Ratings
Citigroup launched its rating on Textron Inc. (NYSE: TXT) to a Buy in a note to investors on July 06, 2023. Textron Inc. (TXT) has been rated Overweight by analysts. According to 0 brokerage firms, TXT is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Textron Inc. stock as buy, with 7 recommending it as overweight.
With a median target price of $86.00, the current consensus forecast for the stock is $79.30 – $100.00. Based on these forecasts, analysts predict Textron Inc. (TXT) will achieve an average price target of $87.02.
