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After finishing at $94.01 in the prior trading day, Textron Inc. (NYSE: TXT) closed at $84.90, down -9.69%. In other words, the price has decreased by -$9.69 from its previous closing price. On the day, 5.14 million shares were traded. TXT stock price reached its highest trading level at $86.26 during the session, while it also had its lowest trading level at $82.02.
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 7.49 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.90. For the most recent quarter (mrq), Quick Ratio is recorded 0.89 and its Current Ratio is at 1.79. In the meantime, Its Debt-to-Equity ratio is 0.61 whereas as Long-Term Debt/Eq ratio is at 0.55.
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 March 08, 2024, Upgraded its rating to Buy and sets its target price to $105 from $85 previously.
On October 11, 2023, UBS started tracking the stock assigning a Sell rating and target price of $73.
On July 06, 2023, Citigroup started tracking the stock assigning a Buy rating and target price of $90.Citigroup initiated its Buy rating on July 06, 2023, with a $90 target price.
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 Feb 21 ’24 when Lupone E Robert sold 48,825 shares for $85.17 per share. The transaction valued at 4,158,484 led to the insider holds 97,993 shares of the business.
Lupone E Robert sold 8,380 shares of TXT for $713,192 on Feb 20 ’24. The EVP, General Counsel & Secy now owns 97,993 shares after completing the transaction at $85.11 per share. On Feb 16 ’24, another insider, Bamford Mark S, who serves as the VP & Corporate Controller of the company, sold 6,177 shares for $86.45 each. As a result, the insider received 534,002 and left with 17,840 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 16333657088 and an Enterprise Value of 20264202240. As of this moment, Textron’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.58, and their Forward P/E ratio for the next fiscal year is 12.15. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.06. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.19 while its Price-to-Book (P/B) ratio in mrq is 2.34. Its current Enterprise Value per Revenue stands at 1.481 whereas that against EBITDA is 12.134.
Stock Price History:
Over the past 52 weeks, TXT has reached a high of $97.33, while it has fallen to a 52-week low of $61.27. The 50-Day Moving Average of the stock is -7.65%, while the 200-Day Moving Average is calculated to be 4.66%.
Shares Statistics:
The stock has traded on average 1.13M shares per day over the past 3-months and 1485060 shares per day over the last 10 days, according to various share statistics. A total of 192.90M shares are outstanding, with a floating share count of 191.24M. Insiders hold about 0.60% of the company’s shares, while institutions hold 87.00% stake in the company. Shares short for TXT as of 1713139200 were 4679456 with a Short Ratio of 4.14, compared to 1710460800 on 5824420. Therefore, it implies a Short% of Shares Outstanding of 4679456 and a Short% of Float of 2.77.
Dividends & Splits
In the trailing 12 months, TXT’s forward annual dividend rate was 0.08, compared to 0.08 this year. Against a Trailing Annual Dividend Yield of 0.00085097324The stock’s 5-year Average Dividend Yield is 0.15.
