Textron Inc (TXT): Today's Featured Aerospace/Defense Laggard
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. Textron (TXT) pushed the Aerospace/Defense industry lower today making it today's featured Aerospace/Defense laggard. The industry as a whole closed the day down 1.1%. By the end of trading, Textron fell 37 cents (-1.4%) to $25.26 on average volume. Throughout the day, 3.2 million shares of Textron exchanged hands as compared to its average daily volume of 3.1 million shares. The stock ranged in price between $25.19-$25.79 after having opened the day at $25.65 as compared to the previous trading day's close of $25.63. Other companies within the Aerospace/Defense industry that declined today were: Aerosonic Corporation (AIM), down 5.2%, Astrotech Corporation (ASTC), down 4.6%, Smith & Wesson Holding Corporation (SWHC), down 3.4%, and CPI Aerostructures (CVU), down 2.4%.
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