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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 Thursday as it is currently trading at $30.94, above its previous 52-week high of $30.93 with 1.8 million shares traded as of 11:06 a.m. ET. Average volume has been 2.7 million shares over the past 30 days. Textron has a market cap of $8.35 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 24.1% year to date as of the close of trading on Wednesday. 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 15.6, below the S&P 500 P/E ratio of 17.7.