Textron Rises On Unusually High Volume (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) is trading at unusually high volume Thursday with 6.2 million shares changing hands. It is currently at 2.2 times its average daily volume and trading up 69 cents (+2.8%) at $25.57 as of 4:01 p.m. ET.

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Textron has a market cap of $7.15 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 0.4% 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 13.1, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Textron as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, notable return on equity, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Textron Ratings Report.

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