Textron ( TXT) pushed the Aerospace/Defense industry lower today making it today's featured Aerospace/Defense loser. The industry as a whole closed the day down 0.3%. By the end of trading, Textron fell 37 cents (-1.4%) to $26.64 on light volume. Throughout the day, 2.3 million shares of Textron exchanged hands as compared to its average daily volume of 3.7 million shares. The stock ranged in price between $26.51-$26.98 after having opened the day at $26.91 as compared to the previous trading day's close of $27.01. Other company's within the Aerospace/Defense industry that declined today were: LMI Aerospace ( LMIA), down 4.4%, Triumph Group ( TGI), down 2.6%, Kaman Corporation ( KAMN), down 2.6%, and Astronics Corporation ( ATRO), down 2.4%. 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. Textron has a market cap of $7.5 billion and is part of the industrial goods sector. Currently there are eight analysts that rate Textron a buy, no analysts rate it a sell, and three rate it a hold. TheStreet Ratings rates Textron as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
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