The aerospace/defense industry closed the day up 0.3%. American Defense Systems Inc ( EAG), Breeze-Eastern Corporation ( BZC), CPI Aerostructures Inc ( CVU), and Embraer S.A ( ERJ) were all decliners today within the aerospace/defense industry with Textron Inc ( TXT) being today's featured aerospace/defense loser. Textron Inc fell 25 cents (-1.3%) to $18.34 on light volume. Throughout the day, five million shares of Textron Inc exchanged hands as compared to its average daily volume of 7.8 million shares. 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. Textron Inc has a market cap of $5.2 billion and is part of the industrial goods sector. The company has a P/E ratio of 45.5, below the average aerospace/defense industry P/E ratio of 46.7 and above the S&P 500 P/E ratio of 17.7. Shares are down 21.4% year to date as of the close of trading on Wednesday. TheStreet Ratings rates Textron as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth and notable return on equity. 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.
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