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New York
Wednesday, February 1, 2023

It’s Not Over Yet For Textron Inc. (NYSE: TXT)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Textron Inc. (TXT) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $69.38. The Textron Inc. has recorded 193,475 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Textron Aviation Delivers 3,000th Cessna Caravan Family Aircraft; Grand Caravan EX Joins Azul Conecta Airline Fleet in Brazil.


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Stocks Info

Textron Inc. is listed on the NYSE as a member of the Industrials sector and is a part of the Aerospace & Defense industry. At the end of the last regular session, the stock closed at $69.38 and fluctuated between $70.52 as its day high and $69.27 as its day low. The current market capitalization of Textron Inc. is $14.73B. A total of 1.69 million shares were traded on the day, compared to an average of 1.32M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, TXT has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 24 BUYs and 15 SELLs from insiders. Insiders purchased 428,807 shares during that period but sold 386,737.

In the most recent transaction, Bamford Mark S sold 2,701 shares of TXT for 72.90 per share on Mar 02. After the transaction, the VP and Corporate Controller now owns 17,362 company shares. In a previous transaction on Mar 02, Lupone E Robert sold 29,752 shares at 72.63 per share. TXT shares that EVP, General Counsel and Secy owns now total 95,990.

Among the insiders who sold shares, Bamford Mark S disposed of 1,150 shares on Mar 01 at a per-share price of $71.00. This resulted in the VP and Corporate Controller holding 17,362 shares of TXT after the transaction. In another insider transaction, DONNELLY SCOTT C sold 243,157 shares at $68.56 per share on Feb 22. Company shares held by the Chairman, President & CEO now total 670,505.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Textron Inc. pays an annual dividend of $0.08, resulting in a dividend yield of 0.12%, and it has a price to earnings (P/E) ratio of 17.93. TXT’s most recent ex-dividend date was 12/8/2022 when it declared a $0.02 quarterly dividend that was paid in cash on 1/1/2023. Previously, the company paid the dividend on 10/1/2022 with an ex-dividend date of 9/8/2022. The TXT stock dividend was $0.02 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for TXT in the last 3 months, the mean price target is $81.92 with high estimates of $93.00 and low estimates of $70.90. In terms of 52-week highs and lows, TXT has a high of $76.85 and a low of $57.11.

As of this writing, TXT has an earnings estimate of $1.09 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $1.22 per share and a lower estimate of $0.88. The company reported an EPS of $1 in the last quarter, which was 17.60% higher than expectations of $0.85.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 15 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TXT is Underweight with a score of 4.25. A total of 8 analysts rated the stock as Buy while 2 rated it as Overweight while 5 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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