After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Yahoo Finance discussed the stock recently as it posted Textron Aviation Special Missions Cessna Grand Caravans to be Acquired to Aid in Horn of Africa Security.
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Stocks Info
As a NYSE listed company, TXT falls under the Industrials sector while operating within the Aerospace & Defense industry segment. The current market capitalization of Textron Inc. is $17.92B. A total of 1.05 million shares were traded on the day, compared to an average of 1.16M shares.
In the most recent transaction, Lupone E Robert sold 48,825 shares of TXT for 85.17 per share on Feb 21 ’24. After the transaction, the EVP, General Counsel & Secy now owns 97,993 company shares. In a previous transaction on Feb 20 ’24, Lupone E Robert sold 8,380 shares at 85.11 per share. TXT shares that EVP, General Counsel & Secy owns now total 97,993.
Among the insiders who sold shares, Bamford Mark S disposed of 6,177 shares on Feb 16 ’24 at a per-share price of $86.45. This resulted in the VP & Corporate Controller holding 17,840 shares of TXT after the transaction. In another insider transaction, DONNELLY SCOTT C sold 238,578 shares at $86.41 per share on Feb 15 ’24. Company shares held by the Chairman, President & CEO now total 685,154.
Dividend
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Textron Inc. pays an annual dividend of $0.08, resulting in a dividend yield of 0.09%, and it has a price to earnings (P/E) ratio of 20.38. TXT’s most recent ex-dividend date was 3/14/2024 when it declared a $0.02 quarterly dividend that was paid in cash on 4/1/2024. Previously, the company paid the dividend on 1/1/2024 with an ex-dividend date of 12/14/2023. The TXT stock dividend was $0.02 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, TXT has a high of $93.45 and a low of $61.27.
As of this writing, TXT has an earnings estimate of $1.29 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $1.41 per share and a lower estimate of $1.05. The company reported an EPS of $1.49 in the last quarter, which was 15.50% higher than expectations of $1.29.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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 $36.22, 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 4.08.
