Textron Inc (TXT): Today's Featured Aerospace/Defense Loser

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.

On the positive front, Orbital Sciences Corporation ( ORB), Astrotech ( ASTC), Edac Technologies Corporation ( EDAC), and Heico Corporation ( HEI.A) were all gainers within the aerospace/defense industry with General Dynamics ( GD) being today's featured aerospace/defense industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the aerospace/defense industry could consider iShares DJ US Aerospace & Def Idx ( ITA) while those bearish on the aerospace/defense industry could consider ProShares Short Dow 30 ( DOG).

null

More from Markets

Dow Futures Plunge, Global Markets Rocked as Trump Takes Trade War to Next Level

Dow Futures Plunge, Global Markets Rocked as Trump Takes Trade War to Next Level

Asia Markets Fall on Latest Tariff Threats From Trump

Asia Markets Fall on Latest Tariff Threats From Trump

Google Invests in JD.com; Comcast-Disney Battle Nears Head -- ICYMI

Google Invests in JD.com; Comcast-Disney Battle Nears Head -- ICYMI

REPLAY: Jim Cramer on Tariff Worries, Oil, Alphabet and Centene

REPLAY: Jim Cramer on Tariff Worries, Oil, Alphabet and Centene

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes