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.

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