) pushed the Aerospace/Defense industry lower today making it today's featured Aerospace/Defense laggard. The industry as a whole was unchanged today. By the end of trading, Textron fell 31 cents (-1.2%) to $26.05 on light volume. Throughout the day, 2.2 million shares of Textron exchanged hands as compared to its average daily volume of 3.1 million shares. The stock ranged in price between $26.03-$26.59 after having opened the day at $26.16 as compared to the previous trading day's close of $26.36. Other company's within the Aerospace/Defense industry that declined today were:
), down 2.3%,
), down 1.7%, and
), down 1.6%.
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Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. Its Cessna segment manufactures business jets, single engine utility turboprops, single engine piston aircraft, lift solutions, and parts, as well as maintenance, inspection, and repair services. Textron has a market cap of $7.42 billion and is part of the
sector. The company has a P/E ratio of 19, above the average aerospace/defense industry P/E ratio of 18.6 and above the S&P 500 P/E ratio of 17.7. Shares are up 42.6% year to date as of the close of trading on Monday. Currently there are seven analysts that rate Textron a buy, no analysts rate it a sell, and four rate it a hold.
TheStreet Ratings rates Textron as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
- You can view the full Textron Ratings Report.
On the positive front,
), up 3.1%,
), up 2.4%, and
), up 1.6%, were all gainers within the aerospace/defense industry with
) being today's featured aerospace/defense industry leader.
- Use our aerospace/defense section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the aerospace/defense industry could consider
) while those bearish on the aerospace/defense industry could consider
- Find other investment ideas from our top rated ETFs lists.