Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Aerospace/Defense industry lower today making it today's featured Aerospace/Defense laggard. The industry as a whole closed the day down 1.3%. By the end of trading, Textron fell $0.88 (-2.3%) to $38.02 on average volume. Throughout the day, 1,967,079 shares of Textron exchanged hands as compared to its average daily volume of 2,246,400 shares. The stock ranged in price between $37.99-$39.14 after having opened the day at $39.06 as compared to the previous trading day's close of $38.90. Other companies within the Aerospace/Defense industry that declined today were:
), down 5.5%,
), down 4.9%,
), down 4.7% and
), down 3.7%.
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Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through five segments: Cessna, Bell, Textron Systems, Industrial, and Finance. Textron has a market cap of $10.6 billion and is part of the industrial goods sector. Shares are up 5.8% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Textron a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full Textron Ratings Report.
On the positive front,
), up 3.0% and
), up 2.2%.
- 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
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