Saturday, February 27, 2021

Textron Inc. [TXT] fell -14.37% so far this year. What now?

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Textron Inc. [NYSE: TXT] loss -1.27% or -0.49 points to close at $38.19 with a heavy trading volume of 1603367 shares. The company report on August 4, 2020 that Introducing the Beechcraft King Air 360 – the New Flagship of the Best-selling Turboprop Family.

Textron Aviation today ushers in the next generation of its legendary King Air turboprop family with the Beechcraft King Air 360/360ER. The updated flagship turboprop offers the latest technological advancements in the cockpit, a redesigned cabin, and enhancements to passenger comfort. The aircraft is currently in production with customer deliveries expected to begin in the Fall of 2020.


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It opened the trading session at $39.29, the shares rose to $39.39 and dropped to $37.64, the range by which the price of stock traded the whole day. The daily chart for TXT points out that the company has recorded -22.35% loss over the past six months. However, it is still -88.5% lower than its most recent low trading price.

If we look at the average trading volume of 1.59M shares, TXT reached to a volume of 1603367 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Textron Inc. [TXT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TXT shares is $33.82 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TXT stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Vertical Research have made an estimate for Textron Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 31, 2020. The new note on the price target was released on May 01, 2020, representing the official price target for Textron Inc. stock. Previously, the target price had yet another drop from $60 to $30, while Citigroup kept a Neutral rating on TXT stock.

The Average True Range (ATR) for Textron Inc. is set at 1.29, with the Price to Sales ratio for TXT stock in the period of the last 12 months amounting to 0.68. The Price to Book ratio for the last quarter was 1.58, with the Price to Cash per share for the same quarter was set at 10.44. Price to Free Cash Flow for TXT in the course of the last twelve months was 14.18 with Quick ratio for the last quarter at 1.00.

Trading performance analysis for TXT stock

Textron Inc. [TXT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.63. With this latest performance, TXT shares gained by 17.11% in over the last four-week period, additionally sinking by -22.35% over the last 6 months – not to mention a drop of -15.86% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TXT stock in for the last two-week period is set at 69.12, with the RSI for the last a single of trading hit 73.75, and the three-weeks RSI is set at 63.98 for Textron Inc. [TXT]. The present Moving Average for the last 50 days of trading for this stock 34.49, while it was recorded at 38.07 for the last single week of trading, and 37.27 for the last 200 days.

Textron Inc. [TXT]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Textron Inc. [TXT] shares currently have an operating margin of +7.73 and a Gross Margin at +20.93. Textron Inc.’s Net Margin is presently recorded at +5.98.

Return on Total Capital for TXT is now 11.34, given the latest momentum, and Return on Invested Capital for the company is 9.29. Return on Equity for this stock inclined to 15.22, with Return on Assets sitting at 5.57. When it comes to the capital structure of this company, Textron Inc. [TXT] has a Total Debt to Total Equity ratio set at 74.14. Additionally, TXT Total Debt to Total Capital is recorded at 42.57, with Total Debt to Total Assets ending up at 27.24. Long-Term Debt to Equity for the company is recorded at 60.08, with the Long-Term Debt to Total Capital now at 34.50.

Reflecting on the efficiency of the workforce at the company, Textron Inc. [TXT] managed to generate an average of $23,286 per employee. Receivables Turnover for the company is 14.02 with a Total Asset Turnover recorded at a value of 0.93.Textron Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 2.00.

Textron Inc. [TXT]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Textron Inc. posted 0.95/share EPS, while the average EPS was predicted by analysts to be reported at 0.85/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 11.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TXT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Textron Inc. go to -4.78%.

An analysis of insider ownership at Textron Inc. [TXT]

There are presently around $7,264 million, or 84.10% of TXT stock, in the hands of institutional investors. The top three institutional holders of TXT stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 33,312,624, which is approximately 4.642% of the company’s market cap and around 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 25,733,274 shares of the stock with an approximate value of $982.75 million in TXT stocks shares; and BLACKROCK INC., currently with $650.73 million in TXT stock with ownership of nearly -6.948% of the company’s market capitalization.

Positions in Textron Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 167 institutional holders increased their position in Textron Inc. [NYSE:TXT] by around 16,124,474 shares. Additionally, 240 investors decreased positions by around 16,387,223 shares, while 80 investors held positions by with 157,695,343 shares. The mentioned changes placed institutional holdings at 190,207,040 shares, according to the latest SEC report filing. TXT stock had 46 new institutional investments in for a total of 1,662,762 shares, while 80 institutional investors sold positions of 3,054,016 shares during the same period.

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