After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Textron to Release Fourth Quarter Results on January 24, 2024.
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Stocks Info
This NYSE-listed company operates within the Aerospace & Defense industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $78.79 and fluctuated between $78.81 as its day high and $77.84 as its day low. The current market capitalization of Textron Inc. is $15.44B. A total of 1.26 million shares were traded on the day, compared to an average of 1.21M shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. 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
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. 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 16.98. 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.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. 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
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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
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. 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.
