TXT Stock Summary and Trading Ideas (Textron | NYSE:TXT)

Textron is a conglomerate that designs, manufactures, and services a range of specialty aircraft including small jets, propeller-driven airplanes, helicopters, and tilt-rotor aircraft. The firm's aviation segment manufactures and services Cessna and Beechcraft planes. Bell is a helicopter and tilt-rotor manufacturer and servicer for both commercial and military customers. Textron Systems produces uncrewed aircraft and armored vehicles for the military market as well as aircraft simulators and training for the commercial and military markets. Textron Industrial contains the Kautex business that manufactures plastic fuel tanks for conventional and hybrid motor vehicles and other subsidiaries that produce specialized vehicles such as golf carts, snowmobiles, and all-terrain vehicles.

Textron trades on the NYSE stock market under the symbol TXT.

As of May 3, 2024, TXT stock price climbed to $85.59 with 1,354,711 million shares trading.

TXT has a beta of 0.60, meaning it tends to be less sensitive to market movements. TXT has a correlation of 0.11 to the broad based SPY ETF.

TXT has a market cap of $16.32 billion. This is considered a Large Cap stock.

Last quarter Textron reported $3 billion in Revenue and $1.20 earnings per share. This beat revenue expectation by $35 million and exceeded earnings estimates by $.07.

In the last 3 years, TXT stock traded as high as $97.34 and as low as $57.11.

The top ETF exchange traded funds that TXT belongs to (by Net Assets): VTI, VOO, VO, ITA, SPY.

TXT has outperformed the market in the last year with a return of +28.5%, while the SPY ETF gained +27.0%. However, in the most recent history, TXT shares have underperformed the stock market with its stock returning -0.5% in the last 3 month period and -8.3% for the last 2 week period, while SPY has returned +3.7% and +3.3%, respectively.

TXT support price is $84.20 and resistance is $86.54 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TXT stock will trade within this expected range on the day.