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. Most recently, Yahoo Finance reported about the stock as it publicized that Textron to Release Fourth Quarter Results on January 24, 2024.
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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 $77.08 and fluctuated between $78.33 as its day high and $76.98 as its day low. The current market capitalization of Textron Inc. is $15.11B. A total of 0.91 million shares were traded on the day, compared to an average of 1.24M 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 2 SELL insider trades, representing the acquisition of 0 and the disposition of 10,666 shares. Over the last 12 months, there were 17 BUYs and 12 SELLs from insiders. Insiders purchased 422,896 shares during that period but sold 365,307.
In the most recent transaction, CLARK R KERRY sold 9,353 shares of TXT for 75.10 per share on Oct 27. After the transaction, the Director now owns 4,517 company shares. In a previous transaction on Aug 22, CLARK R KERRY sold 5,000 shares at 75.33 per share. TXT shares that Director owns now total 13,870.
Among the insiders who sold shares, DONNELLY SCOTT C disposed of 222,319 shares on Feb 21 at a per-share price of $73.35. This resulted in the Chairman, President & CEO holding 683,136 shares of TXT after the transaction. In another insider transaction, Connor Frank T sold 63,361 shares at $73.35 per share on Feb 21. Company shares held by the Executive Vice President & CFO now total 151,455.
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 0.10%, and it has a price to earnings (P/E) ratio of 16.61. TXT’s most recent ex-dividend date was 12/14/2023 when it declared a $0.02 quarterly dividend that was paid in cash on 1/1/2024. Previously, the company paid the dividend on 10/1/2023 with an ex-dividend date of 9/14/2023. 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 $89.58 with high estimates of $102.00 and low estimates of $77.00. In terms of 52-week highs and lows, TXT has a high of $81.59 and a low of $61.27.
As of this writing, TXT has an earnings estimate of $1.54 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $1.64 per share and a lower estimate of $1.5. The company reported an EPS of $1.46 in the last quarter, which was 20.70% higher than expectations of $1.21.
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. TXT’s latest balance sheet shows that the firm has $2.12B in Cash & Short Term Investments as of fiscal 2021. There were $3.77B in debt and $3.14B in liabilities at the time. Its Book Value Per Share was $36.02, while its Total Shareholder’s Equity was $6.82B.
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, 0 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 Buy with a score of 3.92.
