NEW YORK (

TheStreet

) -- Shares of

Textron

(NYSE:

TXT

) were gapping up Wednesday morning with an open price 11% higher than Tuesday's closing price. The stock closed at $21.61 Tuesday and opened today's trading at $23.99.

The average volume for Textron has been 4.2 million shares per day over the past 30 days. Textron has a market cap of $6.05 billion and is part of the

industrial goods

sector and

aerospace/defense

industry. Shares are up 16.9% year to date as of the close of trading on Tuesday.

Textron Inc. operates in the aircraft, defense, automobile, industrial, and finance businesses worldwide. It operates in five segments: Cessna, Bell, Textron Systems, Industrial, and Finance. The company has a P/E ratio of 21.5, above the average aerospace/defense industry P/E ratio of 20.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Textron as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, generally poor debt management and poor profit margins. You can view the full

Textron Ratings Report

.

Get more investment ideas from our

investment research center

.

Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting

UP

to 95370 or select from

multiple alert options

.

null