Textron Stock Hits New 52-Week High (TXT)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Textron (NYSE: TXT) hit a new 52-week high Monday as it is currently trading at $29.43, above its previous 52-week high of $29.41 with 498,132 shares traded as of 10:56 a.m. ET. Average volume has been 2.7 million shares over the past 30 days.

Textron has a market cap of $8.15 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 16.7% 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 14.7, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Textron as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Textron Ratings Report.

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