Textron (NYSE:TXT) hit a new 52-week high Wednesday as it is currently trading at $29.93, above its previous 52-week high of $29.75 with 459,090 shares traded as of 10:01 a.m. ET. Average volume has been 2.7 million shares over the past 30 days.
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 Wednesday as it is currently trading at $29.93, above its previous 52-week high of $29.75 with 459,090 shares traded as of 10:01 a.m. ET. Average volume has been 2.7 million shares over the past 30 days. Textron has a market cap of $7.78 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 18.7% year to date as of the close of trading on Tuesday. Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates in five segments: Cessna, Bell, Textron Systems, Industrial, and Finance. The company has a P/E ratio of 14.5, below the S&P 500 P/E ratio of 17.7.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
TheStreet Ratings rates Textron as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Textron Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.