Textron Stock Hits New 52-Week High (TXT)

NEW YORK ( TheStreet) -- Textron (NYSE: TXT) hit a new 52-week high Monday as it is currently trading at $28.70, above its previous 52-week high of $28.65 with 1.6 million shares traded as of 11:40 a.m. ET. Average volume has been 4.2 million shares over the past 30 days.

Textron has a market cap of $6.01 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 50.5% year to date as of the close of trading on Friday.

Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. Its Cessna segment manufactures business jets, single engine utility turboprops, single engine piston aircraft, lift solutions, and parts, as well as maintenance, inspection, and repair services. The company has a P/E ratio of 35.4, above the average aerospace/defense industry P/E ratio of 20.4 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, good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally poor debt management and poor profit margins. You can view the full Textron Ratings Report.

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