The price of Textron Inc (NYSE:TXT) shares last traded on Wall Street rose 1.05% to $77.24.
TXT stock price is now -7.75% away from the 50-day moving average and -11.90% away from the 200-day moving average. The market capitalization of the company currently stands at $14.33B.
With the price target reduced from $103 to $95, TD Cowen Downgraded its rating from Buy to Hold for Textron Inc (NYSE: TXT). On August 08, 2024, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock keeping its target price maintained at $95, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, BADER KATHLEEN M, Director sold 11,870 shares of the company’s stock on May 16 ’24. The stock was sold for $1,043,491 at an average price of $87.91. Upon completion of the transaction, the Director now directly owns 3,756 shares in the company, valued at $0.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 21 ’24, EVP, General Counsel & Secy Lupone E Robert sold 48,825 shares of the business’s stock. A total of $4,158,484 was realized by selling the stock at an average price of $85.17. This leaves the insider owning 97,993 shares of the company worth $7.57 million. A total of 0.64% of the company’s stock is owned by insiders.
During the past 12 months, Textron Inc has had a low of $75.36 and a high of $97.33. As of last week, the company has a debt-to-equity ratio of 0.57, a current ratio of 1.70, and a quick ratio of 0.68. According to the stock market information, the enterprise value for the company is $16925564928, which is based on a 16.92 price-to-earnings ratio, a 1.66 price-to-earnings-growth ratio, and a beta of 1.27. The fifty day moving average price for TXT is $83.9484 and a two-hundred day moving average price translates $87.74585 for the stock.
The latest earnings results from Textron Inc (NYSE: TXT) was released for 2024-09-28. The net profit margin was 6.30% and return on equity was 12.60% for TXT. The company reported revenue of $3.43 billion for the quarter, compared to $3.34 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.51 percent. For the current quarter, analysts expect TXT to generate $3.84B in revenue.
