) pushed the Aerospace/Defense industry higher today making it today's featured aerospace/defense winner. The industry as a whole closed the day up 0.8%. By the end of trading, Textron rose 67 cents (2.9%) to $24.19 on average volume. Throughout the day, 2.4 million shares of Textron exchanged hands as compared to its average daily volume of 3.1 million shares. The stock ranged in a price between $23.64-$24.23 after having opened the day at $23.83 as compared to the previous trading day's close of $23.52. Other companies within the Aerospace/Defense industry that increased today were:
), up 3.9%,
), up 2.4%,
), up 2.1%, and
), up 2.1%.
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 $6.59 billion and is part of the
sector. The company has a P/E ratio of 21.4, above the average aerospace/defense industry P/E ratio of 20.8 and above the S&P 500 P/E ratio of 17.7. Shares are up 27.2% year to date as of the close of trading on Friday. Currently there are seven analysts that rate Textron a buy, no analysts rate it a sell, and three 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, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.
- You can view the full Textron Ratings Report.
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