Assessing the Risk and Potential of Textron Inc.’s (TXT) Stock

The stock of Textron Inc. (TXT) has gone down by -1.67% for the week, with a 5.56% rise in the past month and a 17.32% rise in the past quarter. The volatility ratio for the week is 0.89%, and the volatility levels for the past 30 days are 1.18% for TXT. The simple moving average for the past 20 days is 0.91% for TXT’s stock, with a 19.60% simple moving average for the past 200 days.

Is It Worth Investing in Textron Inc. (NYSE: TXT) Right Now?

The price-to-earnings ratio for Textron Inc. (NYSE: TXT) is above average at 20.65x. The 36-month beta value for TXT is also noteworthy at 1.30. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 4 rating it as “overweight,” 4 rating it as “hold,” and 2 rating it as “sell.”

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The public float for TXT is 191.24M, and at present, short sellers hold a 3.05% of that float. The average trading volume of TXT on April 04, 2024 was 1.17M shares.

TXT) stock’s latest price update

Textron Inc. (NYSE: TXT) has seen a rise in its stock price by 0.24 in relation to its previous close of 94.13. However, the company has experienced a -1.67% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-28 that Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.

Analysts’ Opinion of TXT

Many brokerage firms have already submitted their reports for TXT stocks, with BofA Securities repeating the rating for TXT by listing it as a “Buy.” The predicted price for TXT in the upcoming period, according to BofA Securities is $105 based on the research report published on March 08, 2024 of the current year 2024.

UBS, on the other hand, stated in their research note that they expect to see TXT reach a price target of $73. The rating they have provided for TXT stocks is “Sell” according to the report published on October 11th, 2023.

Citigroup gave a rating of “Buy” to TXT, setting the target price at $90 in the report published on July 06th of the previous year.

TXT Trading at 6.03% from the 50-Day Moving Average

After a stumble in the market that brought TXT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.52% of loss for the given period.

Volatility was left at 1.18%, however, over the last 30 days, the volatility rate increased by 0.89%, as shares surge +5.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.02% upper at present.

During the last 5 trading sessions, TXT fell by -1.67%, which changed the moving average for the period of 200-days by +42.04% in comparison to the 20-day moving average, which settled at $93.76. In addition, Textron Inc. saw 17.33% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at TXT starting from Lupone E Robert, who sale 48,825 shares at the price of $85.17 back on Feb 21 ’24. After this action, Lupone E Robert now owns 97,993 shares of Textron Inc., valued at $4,158,484 using the latest closing price.

Lupone E Robert, the EVP, General Counsel & Secy of Textron Inc., sale 8,380 shares at $85.11 during a trade that took place back on Feb 20 ’24, which means that Lupone E Robert is holding 97,993 shares at $713,192 based on the most recent closing price.

Stock Fundamentals for TXT

Current profitability levels for the company are sitting at:

  • 0.07 for the present operating margin
  • 0.17 for the gross margin

The net margin for Textron Inc. stands at 0.09. The total capital return value is set at 0.08. Equity return is now at value 13.08, with 5.56 for asset returns.

Based on Textron Inc. (TXT), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.33. The debt to equity ratio resting at 0.55. The interest coverage ratio of the stock is 25.5.

Currently, EBITDA for the company is 1.69 billion with net debt to EBITDA at 1.29. When we switch over and look at the enterprise to sales, we see a ratio of 1.45. The receivables turnover for the company is 9.42for trailing twelve months and the total asset turnover is 0.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.79.

Conclusion

In summary, Textron Inc. (TXT) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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