NEW YORK ( TheStreet) -- Textron (NYSE: TXT) hit a new 52-week high Wednesday as it traded at $28 compared with its previous 52-Week high of $27.99. Textron is changing hands at $27.99 with 283,296 shares traded as of 10:12 a.m. ET. Average volume has been 3.2 million shares over the past 30 days. Textron has a market cap of $7.5 billion and is part of the conglomerates sector and conglomerates industry. Shares are up 16.8% year to date as of the close of trading on Tuesday. Textron Inc. operates in the aircraft, defense, 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 33.8, above the S&P 500 P/E ratio of 23.4. 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 find that we feel that the company's cash flow from its operations has been weak overall. You can view the full Textron Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.