There’s No Getting Around Textron Inc. (NYSE: TXT) Success

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

TXT belongs to the Industrials sector of the NYSE while operating in the Aerospace & Defense industry. The current market capitalization of Textron Inc. is $17.74B. A total of 0.93 million shares were traded on the day, compared to an average of 1.17M 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

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. 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 20.18. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, TXT has a high of $97.33 and a low of $61.27.

As of this writing, TXT has an earnings estimate of $Target Corporation per share for the current quarter. EPS was calculated based on a consensus of iShares 20+ Year Treasury Bond estimates, with a high estimate of $EA Series Trust per share and a lower estimate of $Texas Instruments Incorporated.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $36.22, while its Total Shareholder’s Equity was $6.82B.

Analysts Opinion

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. 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.

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