The stock price of Textron Inc. (NYSE: TXT) has dropped by -1.33 compared to previous close of 95.28. Despite this, the company has seen a gain of 1.95% in its stock price over the last five trading days. InvestorPlace reported 2024-04-23 that A lot of success in the market goes unseen. Certain stocks tend to get written about ad nauseum while others get no attention at all.
Is It Worth Investing in Textron Inc. (NYSE: TXT) Right Now?
Textron Inc. (NYSE: TXT) has a higher price-to-earnings ratio of 20.58x compared to its average ratio. TXT has 36-month beta value of 1.29. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 4 as “overweight,” 4 as “hold,” and 2 as “sell.”
The public float for TXT is 191.24M, and currently, short sellers hold a 2.54% ratio of that float. The average trading volume of TXT on April 25, 2024 was 1.16M shares.
TXT’s Market Performance
TXT’s stock has seen a 1.95% increase for the week, with a -1.79% drop in the past month and a 9.89% gain in the past quarter. The volatility ratio for the week is 1.60%, and the volatility levels for the past 30 days are at 1.41% for Textron Inc. The simple moving average for the past 20 days is -0.78% for TXT’s stock, with a 16.08% simple moving average for the past 200 days.
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 2.41% 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 -3.42% of loss for the given period.
Volatility was left at 1.41%, however, over the last 30 days, the volatility rate increased by 1.60%, as shares sank -2.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.48% upper at present.
During the last 5 trading sessions, TXT rose by +1.95%, which changed the moving average for the period of 200-days by +38.17% in comparison to the 20-day moving average, which settled at $94.66. In addition, Textron Inc. saw 16.90% 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
To put it simply, Textron Inc. (TXT) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
