Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $76.22 in the prior trading day, Textron Inc (NYSE: TXT) closed at $76.69, up 0.62%. In other words, the price has increased by $0.62 from its previous closing price. On the day, 1.22 million shares were traded. TXT stock price reached its highest trading level at $77.265 during the session, while it also had its lowest trading level at $76.255.
Ratios:
Our goal is to gain a better understanding of TXT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.26 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.85. For the most recent quarter (mrq), Quick Ratio is recorded 0.69 and its Current Ratio is at 1.61. In the meantime, Its Debt-to-Equity ratio is 0.45 whereas as Long-Term Debt/Eq ratio is at 0.40.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on January 24, 2025, Downgraded its rating to Neutral and sets its target price to $85 from $110 previously.
On January 06, 2025, Vertical Research Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $91.
TD Cowen Downgraded its Buy to Hold on September 25, 2024, whereas the target price for the stock was revised from $103 to $95.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 16 ’24 when BADER KATHLEEN M sold 11,870 shares for $87.91 per share. The transaction valued at 1,043,491 led to the insider holds 3,756 shares of the business.
Lupone E Robert sold 48,825 shares of TXT for $4,158,484 on Feb 21 ’24. The EVP, General Counsel & Secy now owns 97,993 shares after completing the transaction at $85.17 per share. On Feb 20 ’24, another insider, Lupone E Robert, who serves as the EVP, General Counsel & Secy of the company, sold 8,380 shares for $85.11 each. As a result, the insider received 713,192 and left with 97,993 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TXT now has a Market Capitalization of 14226915328 and an Enterprise Value of 17732540416. As of this moment, Textron’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.75, and their Forward P/E ratio for the next fiscal year is 11.02. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.04 while its Price-to-Book (P/B) ratio in mrq is 2.05. Its current Enterprise Value per Revenue stands at 1.268 whereas that against EBITDA is 10.78.
Stock Price History:
The Beta on a monthly basis for TXT is 1.27, which has changed by -0.11372095 over the last 52 weeks, in comparison to a change of 0.21794415 over the same period for the S&P500. Over the past 52 weeks, TXT has reached a high of $97.33, while it has fallen to a 52-week low of $74.89. The 50-Day Moving Average of the stock is -3.98%, while the 200-Day Moving Average is calculated to be -10.47%.
Shares Statistics:
The stock has traded on average 1.24M shares per day over the past 3-months and 1588400 shares per day over the last 10 days, according to various share statistics. A total of 185.51M shares are outstanding, with a floating share count of 184.32M. Insiders hold about 0.64% of the company’s shares, while institutions hold 85.00% stake in the company. Shares short for TXT as of 1735603200 were 4106797 with a Short Ratio of 2.97, compared to 1732838400 on 3601523. Therefore, it implies a Short% of Shares Outstanding of 4106797 and a Short% of Float of 2.53.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 0.13. The current Payout Ratio is 1.85% for TXT, which recently paid a dividend on 2024-12-13 with an ex-dividend date of 1734048000. Stock splits for the company last occurred on 2007-08-27 when the company split stock in a 2:1 ratio.
