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
) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day up 1.2%. By the end of trading, Textron fell 35 cents (-1.4%) to $25.21 on average volume. Throughout the day, 3.1 million shares of Textron exchanged hands as compared to its average daily volume of 2.8 million shares. The stock ranged in price between $25.08-$25.59 after having opened the day at $25.54 as compared to the previous trading day's close of $25.56. Other companies within the Industrial Goods sector that declined today were:
), down 23%,
), down 14%,
), down 13.3%, and
), down 10.5%.
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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 $7.18 billion and is part of the aerospace/defense industry. The company has a P/E ratio of 17.9, equal to the average aerospace/defense industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 38.2% year to date as of the close of trading on Tuesday. Currently there are nine 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, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full Textron Ratings Report.
On the positive front,
), up 20%,
), up 18%,
), up 11.2%, and
), up 11.2%, were all gainers within the industrial goods sector with
) being today's featured industrial goods sector leader.
- Use our industrial goods section to find sector-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 industrial goods sector could consider
) while those bearish on the industrial goods sector could consider
- Find other investment ideas from our top rated ETFs lists.
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