Textron Stock Today
TXT Stock | USD 94.01 1.27 1.33% |
Performance15 of 100
| Odds Of DistressLess than 6
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Textron is selling for under 94.01 as of the 25th of April 2024; that is -1.33% down since the beginning of the trading day. The stock's last reported lowest price was 93.64. Textron has only a 6 % chance of going through financial distress over the next few years and had a good performance during the last 90 days. Equity ratings for Textron are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of May 2022 and ending today, the 25th of April 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 24th of October 1984 | Category Industrials |
Textron Inc. operates in the aircraft, defense, industrial, and finance businesses. Textron Inc. was founded in 1923 and is headquartered in Providence, Rhode Island. Textron operates under Aerospace Defense classification in the United States and is traded on New York Stock Exchange. The company has 192.39 M outstanding shares of which 4.68 M shares are at this time shorted by investors with about 4.16 days to cover. More on Textron
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Textron Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Textron's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Textron or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Textron's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Textron's managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
Chairman | Scott Donnelly | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Thematic Ideas | Showing 3 out of 4 themes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Concentration | Aerospace & Defense, Industrials, NYSE Composite, WIG 30, SP 500 Index, WSE WIG INDEX, WIG Dividend, WIG Tech, MWIG40, Military Industrial, Aircraft, Robots And Drones, SRI Sustainable Growth, Industrials, Aerospace & Defense, Aerospace & Defense, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Excise Tax Activities | Controversial WeaponsMilitary Contract | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average Analyst Recommendation Analysts covering Textron report their recommendations after researching Textron's financial statements, talking to executives and customers, or listening in on Textron's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Textron. The Textron consensus assessment is calculated by taking the average forecast from all of the analysts covering Textron. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength Based on the analysis of Textron's profitability, liquidity, and operating efficiency, Textron may be sliding down financialy. It has an above-average chance of going through some form of financial crunch next quarter. Financial strength of Textron is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Textron's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Textron's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. Textron's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Textron's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Textron's financial leverage. It provides some insight into what part of Textron's total assets is financed by creditors.
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Textron (TXT) is traded on New York Stock Exchange in USA. It is located in 40 Westminster Street, Providence, RI, United States, 02903 and employs 35,000 people. Textron is listed under Aerospace & Defense category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 18.09 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Textron's market, we take the total number of its shares issued and multiply it by Textron's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Textron runs under Aerospace & Defense sector within Industrials industry. The entity has 192.39 M outstanding shares of which 4.68 M shares are at this time shorted by investors with about 4.16 days to cover.
Textron has about 1.96 B in cash with 1.27 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.7.
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Ownership AllocationTextron shows a total of 192.39 Million outstanding shares. The majority of Textron outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in Textron to benefit from reduced commissions. Consequently, institutions are subject to a different set of regulations than regular investors in Textron. Please pay attention to any change in the institutional holdings of Textron as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company owns, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Textron Ownership Details
Textron Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of Textron jumping above the current price in 90 days from now is about 20.44%. The Textron probability density function shows the probability of Textron stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Textron has a beta of 0.5944. This usually implies as returns on the market go up, Textron average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Textron will be expected to be much smaller as well. Additionally, textron has an alpha of 0.2106, implying that it can generate a 0.21 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Textron to move above the current price in 90 days from now is about 20.44 (This Textron probability density function shows the probability of Textron Stock to fall within a particular range of prices over 90 days) .
Textron Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Textron that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Textron's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Textron's value.Instituion | Recorded On | Shares | |
Lsv Asset Management | 2023-12-31 | 3.8 M | |
Dimensional Fund Advisors, Inc. | 2023-12-31 | 2.7 M | |
Fmr Inc | 2023-12-31 | 2.7 M | |
Morgan Stanley - Brokerage Accounts | 2023-12-31 | 2.6 M | |
Goldman Sachs Group Inc | 2023-12-31 | 2.1 M | |
Northern Trust Corp | 2023-12-31 | 1.8 M | |
Charles Schwab Investment Management Inc | 2023-12-31 | 1.7 M | |
Gamco Investors, Inc. Et Al | 2023-12-31 | 1.6 M | |
Bank Of New York Mellon Corp | 2023-12-31 | 1.5 M | |
Vanguard Group Inc | 2023-12-31 | 22.5 M | |
Blackrock Inc | 2023-12-31 | 16.7 M |
Textron Historical Income Statement
Textron Income Statement is one of the three primary financial statements used for reporting Textron's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Textron revenue and expense. Textron Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Textron's Interest Expense is comparatively stable compared to the past year. Total Other Income Expense Net is likely to gain to about 116.5 M in 2024, whereas Gross Profit is likely to drop slightly above 2.1 B in 2024. View More FundamentalsTextron Stock Against Markets
Picking the right benchmark for Textron stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Textron stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Textron is critical whether you are bullish or bearish towards Textron at a given time. Please also check how Textron's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Textron without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Textron Corporate Directors
Textron corporate directors refer to members of a Textron board of directors. The board of directors generally takes responsibility for the Textron's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Textron's board members must vote for the resolution. The Textron board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.Charles Powell | Independent Director | Profile | |
Ivor Evans | Independent Director | Profile | |
Lloyd Trotter | Independent Director | Profile | |
Kathleen Bader | Independent Director | Profile |
How to buy Textron Stock?
Before investing in Textron, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Textron. To buy Textron stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Textron. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Textron stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Textron stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Textron stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Textron, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Textron Stock please use our How to Invest in Textron guide.
Already Invested in Textron?
The danger of trading Textron is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Textron is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Textron. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Textron is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Textron is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Textron Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Textron Stock. Highlighted below are key reports to facilitate an investment decision about Textron Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Textron. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy Textron Stock please use our How to Invest in Textron guide.You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Textron Stock analysis
When running Textron's price analysis, check to measure Textron's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Textron is operating at the current time. Most of Textron's value examination focuses on studying past and present price action to predict the probability of Textron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Textron's price. Additionally, you may evaluate how the addition of Textron to your portfolios can decrease your overall portfolio volatility.
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Is Textron's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Textron. If investors know Textron will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Textron listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.07) | Dividend Share 0.08 | Earnings Share 4.57 | Revenue Per Share 68.511 | Quarterly Revenue Growth 0.07 |
The market value of Textron is measured differently than its book value, which is the value of Textron that is recorded on the company's balance sheet. Investors also form their own opinion of Textron's value that differs from its market value or its book value, called intrinsic value, which is Textron's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Textron's market value can be influenced by many factors that don't directly affect Textron's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Textron's value and its price as these two are different measures arrived at by different means. Investors typically determine if Textron is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Textron's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.