Textron Inc. (NYSE:TXT) finished Wednesday with an addition of $0.93 to close at $78.94, an upside of 1.19 percent. An average of 1,712,280 shares of common stock have been traded in the last five days. There was a fall of -$0.43 in the past week, and it reached a new high 26 times over the past 12 months. The last 20 days have seen an average of 1,564,290 shares traded, while the 50-day average volume stands at 1,389,452.
TXT stock has increased by 3.51% in the last month. The company shares reached their 1-month lowest point of $74.61 on 09/07/23. With the stock rallying to its 52-week high on 09/20/23, shares of the company touched a low of $58.03 and a high of $80.60 in 52 weeks. It has reached a new high 15 times so far this year and achieved 11.50% or $8.14 in price. In spite of this, the price is down -2.06% from the 52-week high.
Insider Transactions
TXT stock investors should be aware that Textron Inc. (TXT) stock had its last reported insider trading activity 37 days ago on Aug 22. In this transaction, the insider spent $376,645. Chairman, President & CEO, DONNELLY SCOTT C, disposed of 222,319 shares at a price of $73.35 on Feb 21. The insider now owns more than $16,307,179 worth of shares. Prior to that, Executive Vice President & CFO Connor Frank T went on to Sale 63,361 shares at $73.35 each on Feb 21. An amount of $4,647,735 was transacted.
Valuation Metrics
Textron Inc. (TXT) has a trailing price-to-earnings (P/E) ratio of 18.14. The stock’s beta is 1.47. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.19, the price-to-book (PB) ratio at 2.22, and the price-to-cash flow ratio at 16.48.
The company has a payout ratio of 2.00%. The company’s most recent quarterly dividend payment was $0.02 a share, without any change from last year. Its latest decrease dividend $0.23 reported on Wednesday February 23 2022.
Financial Health
The quick ratio of Textron Inc. for the three months ended June 29 was 0.80, and the current ratio was 1.73, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.50 and a total debt to equity ratio of 0.56 for the quarter ending June 29. Its gross profit as reported stood at $2.07 billion compared to revenue of $12.87 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Textron Inc.’s return on assets was 5.59%.
Earnings Surprise
For the three-month period that ended June 29, Textron Inc. had $3.18 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $263.0 million in the quarter, while revenues were grew 17.49%. The analyst consensus anticipated Textron Inc.’s latest quarter earnings to come in at $1.21 per share, but it turned out to be $1.46, a 20.70% surprise. For the quarter, EBITDA amounted to $390.0 million. Shareholders own equity worth $198.07 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Textron Inc. (TXT) price momentum. RSI 9-day as of the close on 27 September was 62.49%, suggesting the stock is Neutral, with historical volatility in this time frame at 28.75%.
As of today, TXT’s price is $78.31 -0.54% or -$0.43 from its 5-day moving average. TXT is currently trading +2.60% higher than its 20-day SMA and +20.78% higher than its 100-day SMA. However, the stock’s current price level is +16.21% above the SMA50 and +8.14% above the SMA200.
The stochastic %K and %D were 66.22% and 62.16%, respectively, and the average true range (ATR) was 1.58. With the 14-day stochastic at 70.62% and the average true range at 1.50, the RSI (14) stands at 61.02%. The stock has reached 0.96 on the 9-day MACD Oscillator while the 14-day reading was at 1.62.
Analyst Ratings
Citigroup launched coverage on Textron Inc. (NYSE: TXT) in its analyst report released on July 06, 2023. The firm assigned the stock a Buy rating. The consensus rating for Textron Inc. (TXT) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TXT, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 6 others rate it as a “buy”.
What is TXT’s price target for the next 12 months?
Analysts predict a range of price targets between $83.00 and $100.00, with a median target of $86.00. Taking a look at these predictions, the average price target given by analysts for Textron Inc. (TXT) stock is $87.28.
