Market Summary
USD77.91-1.46
Market Closed-1.84%
TXT Alerts
TXT Stock Price
TXT RSI Chart
TXT Valuation
TXT Price/Sales (Trailing)
TXT Profitability
TXT Fundamentals
TXT Revenue
TXT Earnings
Price Action
52 Week Range
58.0380.60
(Low)(High)
Last 7 days
5.0%
Last 30 days
5.1%
Last 90 days
21.3%
Trailing 12 Months
27.5%
TXT Financial Health
TXT Investor Care
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Net sales
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Latest Insider Trading transactions for TXT
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-22 | CLARK R KERRY | sold | -376,645 | 75.329 | -5,000 | - |
2023-07-01 | Garrett Michael X | acquired | - | - | 1,987 | - |
2023-04-26 | James Deborah L | acquired | - | - | 2,517 | - |
2023-04-26 | Zuber Maria T | acquired | - | - | 2,517 | - |
2023-04-26 | CLARK R KERRY | acquired | - | - | 2,517 | - |
2023-04-26 | ZIEMER JAMES L | acquired | - | - | 2,517 | - |
2023-04-26 | NOWELL LIONEL L III | acquired | - | - | 2,517 | - |
2023-04-26 | BADER KATHLEEN M | acquired | - | - | 2,517 | - |
2023-04-26 | Ambrose Richard F | acquired | - | - | 2,517 | - |
2023-04-26 | Kennedy Thomas A | acquired | - | - | 2,517 | - |
Which funds bought or sold TXT recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Prosperity Financial Group, Inc. | added | 6.38 | 4,101 | 224,396 | 0.20% |
2023-09-12 | Farther Finance Advisors, LLC | added | 2.2 | -759 | 34,627 | 0.01% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 74,393 | 74,393 | -% |
2023-08-28 | DELPHI MANAGEMENT INC /MA/ | new | - | 1,332,000 | 1,332,000 | 1.39% |
2023-08-28 | DT Investment Partners, LLC | unchanged | - | 816 | 5,845 | -% |
2023-08-22 | Asset Dedication, LLC | unchanged | - | -1,000 | 3,000 | -% |
2023-08-22 | Old North State Trust, LLC | sold off | -100 | -25,000 | - | -% |
2023-08-22 | COMERICA BANK | new | - | 1,000 | 1,000 | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | added | 0.58 | -2,471,060 | 64,463,300 | 0.62% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -3.75 | -1,907,400 | 22,413,100 | 0.03% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
TXT Alerts
Schedule 13G FIlings of Textron
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | t. rowe price investment management, inc. | 8.9% | 18,672,635 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 11.45% | 23,907,485 | SC 13G/A | |
| Feb 03, 2023 | blackrock inc. | 8.5% | 17,711,558 | SC 13G/A | |
| Feb 14, 2022 | price t rowe associates inc /md/ | 15.5% | 34,357,036 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 10.58% | 23,325,594 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 7.1% | 15,719,446 | SC 13G/A | |
| Jan 31, 2022 | invesco ltd. | 4.7% | 10,424,522 | SC 13G/A | |
| Feb 16, 2021 | price t rowe associates inc /md/ | 15.3% | 35,126,171 | SC 13G/A | |
| Feb 16, 2021 | invesco ltd. | 6.0% | 13,812,175 | SC 13G | |
| Feb 10, 2021 | vanguard group inc | 10.38% | 23,766,325 | SC 13G/A |
Recent SEC filings of Textron
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Aug 23, 2023 | 4 | Insider Trading | |
| Aug 22, 2023 | 144 | Notice of Insider Sale Intent | |
| Jul 27, 2023 | 8-K | Current Report | |
| Jul 27, 2023 | 10-Q | Quarterly Report | |
| Jul 05, 2023 | 4 | Insider Trading | |
| Jul 05, 2023 | 4 | Insider Trading | |
| Jul 05, 2023 | 3 | Insider Trading | |
| Jun 26, 2023 | 8-K | Current Report | |
| Jun 20, 2023 | 11-K | Employee Benefit Details |
Peers (Alternatives to Textron)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
LMT | 128.3B | 67.4B | -5.44% | 1.51% | 22.39 | 1.94 | 5.03% | 50.05% |
BA | 123.5B | 73.6B | -10.94% | 38.67% | -29.91 | 1.75 | 21.18% | 15.27% |
TDG | 48.9B | 6.2B | 0.24% | 46.12% | 42.53 | 7.83 | 20.10% | 42.03% |
TXT | 15.7B | 13.2B | 5.06% | 27.50% | 17.39 | 1.2 | 5.57% | 12.84% |
RTX | - | 70.6B | -12.97% | -12.08% | - | - | 8.10% | 24.51% |
| MID-CAP | ||||||||
HEI | 9.1B | 2.6B | 0.47% | 9.00% | 22.82 | 3.43 | 25.29% | 16.69% |
HII | 8.2B | 10.9B | -6.52% | -11.22% | 15.77 | 0.75 | 6.30% | -11.11% |
BWXT | 6.9B | 2.3B | 5.00% | 42.90% | 30.63 | 2.95 | 7.03% | -27.80% |
AVAV | 3.0B | 584.4M | 19.38% | 24.71% | -16.76 | 5.05 | 28.93% | -4109.49% |
SPR | - | 5.4B | -30.90% | -41.43% | - | - | 20.31% | -109.88% |
| SMALL-CAP | ||||||||
AIR | - | 2.0B | 0.13% | 52.48% | - | - | 9.37% | 14.61% |
ATRO | - | 620.6M | -3.24% | 87.89% | - | - | 31.15% | -93.33% |
DCO | 647.0M | 743.4M | 0.27% | 6.27% | 26.79 | 0.87 | 11.66% | -81.80% |
SIF | 18.3M | 80.6M | 10.71% | -3.23% | -1.26 | 0.23 | -13.73% | -533.17% |
TGI | 548.5M | 1.4B | -14.88% | -23.59% | 6.71 | 0.4 | -3.95% | 459.45% |
Textron News
Returns for TXT
Cumulative Returns on TXT
11.0%
10-Year Cumulative Returns
10.7%
7-Year Cumulative Returns
2.1%
5-Year Cumulative Returns
28.3%
3-Year Cumulative Returns
Risks for TXT
What is the probability of a big loss on TXT?
70.8%
Probability that Textron stock will be more than 20% underwater in next one year
36.5%
Probability that Textron stock will be more than 30% underwater in next one year.
20.4%
Probability that Textron stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does TXT drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Textron was unfortunately bought at previous high price.
Drawdowns
Financials for Textron
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 2.1% | 13,162 | 12,892 | 12,869 | 12,555 | 12,467 | 12,504 | 12,382 | 12,727 | 12,472 | 11,753 | 11,651 | 12,019 | 12,543 | 13,298 | 13,630 | 13,345 | 13,286 | 13,785 | 13,972 | 14,239 | 14,523 |
| S&GA Expenses | 0.8% | 1,197 | 1,187 | 1,186 | 1,168 | 1,193 | 1,228 | 1,221 | 1,180 | 1,155 | 1,080 | 1,045 | 1,058 | 1,055 | 1,108 | 1,152 | 1,125 | 1,177 | 1,255 | 1,275 | 1,351 | 1,379 |
| EBITDA | -100.0% | - | 1,247 | 1,306 | 1,244 | 1,484 | 1,443 | 1,405 | 1,384 | 1,290 | 839 | 839 | 560 | 98.00 | 1,515 | 1,529 | 1,972 | 1,975 | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.10* | 0.10* | 0.10* | 0.12* | 0.12* | 0.11* | 0.11* | 0.10* | 0.07* | 0.07* | 0.05* | 0.01* | 0.11* | 0.11* | 0.15* | 0.15* | - | - | - | - |
| Interest Expenses | 5.4% | -211 | -223 | -107 | -283 | -281 | -214 | -142 | -182 | -172 | -166 | -166 | 167 | 168 | 169 | 171 | 171 | 168 | 167 | 166 | 169 | 172 |
| Earnings Before Taxes | 6.5% | 1,077 | 1,011 | 1,016 | 1,006 | 960 | 915 | 873 | 841 | 739 | 403 | 282 | -4.00 | -472 | - | 942 | - | - | - | 1,384 | 1,329 | 904 |
| EBT Margin | -100.0% | - | 0.08* | 0.08* | 0.08* | 0.08* | 0.07* | 0.07* | 0.07* | 0.06* | 0.02* | 0.02* | 0.00* | -0.04* | 0.07* | 0.07* | 0.10* | 0.10* | - | - | - | - |
| Net Income | 5.4% | 905 | 859 | 861 | 842 | 802 | 768 | 746 | 775 | 705 | 430 | 309 | 272 | 377 | 686 | 815 | 862 | 1,205 | 1,212 | 1,222 | 870 | 466 |
| Net Income Margin | -100.0% | - | 0.07* | 0.07* | 0.07* | 0.06* | 0.06* | 0.06* | 0.06* | 0.06* | 0.04* | 0.03* | 0.02* | 0.03* | 0.05* | 0.06* | 0.06* | 0.09* | - | - | - | - |
| Free Cashflow | -100.0% | - | 1,410 | 1,488 | 1,386 | 1,439 | 1,658 | 1,598 | 1,742 | 1,692 | 1,344 | 768 | 990 | 923 | 835 | 1,014 | 634 | 649 | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 0.6% | 16,485 | 16,393 | 16,293 | 15,956 | 15,879 | 15,911 | 15,827 | 15,269 | 15,379 | 15,414 | 15,443 | 15,861 | 15,471 | 15,946 | 15,018 | 15,062 | 14,796 | 14,480 | 14,264 | 14,669 | 14,558 |
| Cash Equivalents | -2.7% | 1,750 | 1,799 | 2,035 | 1,884 | 1,841 | 2,126 | 2,117 | 2,182 | 2,188 | 2,078 | 2,254 | 2,670 | 2,346 | 2,446 | 1,357 | 1,053 | 857 | 742 | 1,107 | 1,293 | 731 |
| Inventory | 4.4% | 4,108 | 3,934 | 3,550 | 3,817 | 3,739 | 3,663 | 3,468 | 3,670 | 3,664 | 3,705 | 3,513 | 4,252 | 4,262 | 4,385 | 4,069 | 4,436 | 4,311 | 4,047 | 3,818 | 4,030 | 3,925 |
| Net PPE | - | - | - | 2,523 | - | - | - | 2,538 | - | - | - | 2,516 | - | - | - | 2,527 | - | - | - | 2,615 | 2,593 | 2,608 |
| Goodwill | - | - | - | - | - | - | 141 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Liabilities | 0.7% | 9,451 | 9,385 | 9,180 | 9,194 | 9,078 | 8,994 | 9,012 | 9,232 | 9,278 | 9,418 | 9,598 | 10,120 | 9,944 | 10,412 | 9,500 | 9,610 | 9,460 | 9,247 | 9,072 | 9,126 | 9,196 |
| Shareholder's Equity | 0.4% | 7,034 | 7,008 | 7,113 | 6,762 | 6,801 | 6,917 | 6,815 | 6,037 | 6,101 | 5,996 | 5,845 | 5,741 | 5,527 | 5,534 | 5,518 | 5,452 | 5,336 | 5,233 | 5,192 | 5,543 | 5,362 |
| Retained Earnings | 4.3% | 6,349 | 6,090 | 5,903 | 6,492 | 6,271 | 6,058 | 5,870 | 6,498 | 6,318 | 6,139 | 5,973 | 5,741 | 5,631 | 5,727 | 5,682 | 6,009 | 5,794 | 5,581 | 5,407 | 6,419 | 5,861 |
| Additional Paid-In Capital | 1.6% | 1,973 | 1,942 | 1,880 | 1,980 | 1,953 | 1,924 | 1,863 | 1,969 | 1,920 | 1,845 | 1,785 | 1,762 | 1,732 | 1,711 | 1,674 | 1,741 | 1,717 | 1,689 | 1,646 | 1,819 | 1,774 |
| Accumulated Depreciation | 0.9% | 5,212 | 5,168 | 5,084 | 4,972 | 4,945 | 4,914 | 4,888 | 4,855 | 4,813 | 4,737 | 4,696 | 4,613 | 4,538 | 4,453 | 4,405 | 4,371 | 4,317 | 4,256 | 4,203 | 4,165 | 4,097 |
| Shares Outstanding | -1.9% | 198 | 202 | 206 | 209 | 212 | 216 | 217 | 221 | 224 | 226 | 226 | 229 | 228 | 227 | 228 | 228 | 230 | 233 | 236 | 243 | 249 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -5.4% | 1,334 | 1,410 | 1,488 | 1,386 | 1,439 | 1,658 | 1,598 | 1,742 | 1,692 | 1,344 | 768 | 990 | 923 | 835 | 1,014 | 634 | 649 | 976 | 1,107 | 1,291 | 1,089 |
| Cashflow From Investing | 34.7% | -329 | -504 | -447 | -438 | -420 | -258 | -281 | -283 | -249 | -200 | -248 | -175 | -226 | -267 | -266 | -297 | 522 | 572 | 620 | 600 | -241 |
| Cashflow From Financing | 9.1% | -1,099 | -1,209 | -1,091 | -1,195 | -1,330 | -1,345 | -1,446 | -1,960 | -1,629 | -1,542 | 360 | 794 | 802 | 1,157 | -502 | -562 | -1,037 | -1,622 | -1,864 | -1,887 | -1,258 |
| Dividend Payments | 0% | 16.00 | 16.00 | 17.00 | 17.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 23.00 | 18.00 | 18.00 | 18.00 | 14.00 | 19.00 | 20.00 | 20.00 | 20.00 | 20.00 |
| Buy Backs | -0.8% | 1,078 | 1,087 | 867 | 974 | 1,073 | 987 | 921 | 715 | 416 | 220 | 183 | 87.00 | 196 | 355 | 503 | 870 | 1,229 | 1,641 | 1,783 | 1,514 | 1,168 |
TXT Income Statement
2023-07-01Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jul. 01, 2023 | Jul. 02, 2022 | Jul. 01, 2023 | Jul. 02, 2022 | |
| Revenues | ||||
| Total revenues | $ 3,424 | $ 3,154 | $ 6,448 | $ 6,155 |
| Costs, expenses and other | ||||
| Selling and administrative expense | 289 | 279 | 594 | 584 |
| Interest expense, net | 19 | 31 | 39 | 63 |
| Non-service components of pension and postretirement income, net | (59) | (60) | (118) | (120) |
| Total costs, expenses and other | 3,095 | 2,891 | 5,892 | 5,660 |
| Income before income taxes | 329 | 263 | 556 | 495 |
| Income tax expense | 66 | 45 | 102 | 84 |
| Income from continuing operations | 263 | 218 | 454 | 411 |
| Loss from discontinued operations | 0 | (1) | 0 | (1) |
| Net income | $ 263 | $ 217 | $ 454 | $ 410 |
| Basic earnings per share | ||||
| Continuing operations (in dollars per share) | $ 1.31 | $ 1.01 | $ 2.24 | $ 1.90 |
| Diluted earnings per share | ||||
| Continuing operations (in dollars per share) | $ 1.30 | $ 1.00 | $ 2.22 | $ 1.88 |
| Manufacturing group | ||||
| Costs, expenses and other | ||||
| Income from continuing operations | $ 438 | $ 395 | ||
| Finance group | ||||
| Revenues | ||||
| Total revenues | $ 18 | $ 14 | 30 | 30 |
| Costs, expenses and other | ||||
| Income from continuing operations | 16 | 16 | ||
| Product | ||||
| Costs, expenses and other | ||||
| Cost of products/services sold | 2,465 | 2,304 | 4,641 | 4,373 |
| Product | Manufacturing group | ||||
| Revenues | ||||
| Total revenues | 2,917 | 2,689 | 5,467 | 5,137 |
| Service | ||||
| Costs, expenses and other | ||||
| Cost of products/services sold | 381 | 337 | 736 | 760 |
| Service | Manufacturing group | ||||
| Revenues | ||||
| Total revenues | $ 489 | $ 451 | $ 951 | $ 988 |
TXT Balance Sheet
2023-07-01Consolidated Balance Sheets (Unaudited) - USD ($) shares in Thousands, $ in Millions | Jul. 01, 2023 | Dec. 31, 2022 |
|---|---|---|
| Assets | ||
| Inventories | $ 4,108 | $ 3,550 |
| Finance receivables, net | 574 | 563 |
| Total assets | 16,485 | 16,293 |
| Liabilities | ||
| Total liabilities | 9,451 | 9,180 |
| Shareholders’ equity | ||
| Common stock | 26 | 26 |
| Capital surplus | 1,973 | 1,880 |
| Treasury stock | (740) | (84) |
| Retained earnings | 6,349 | 5,903 |
| Accumulated other comprehensive loss | (574) | (612) |
| Total shareholders’ equity | 7,034 | 7,113 |
| Total liabilities and shareholders’ equity | $ 16,485 | $ 16,293 |
| Common shares outstanding (in shares) | 198,230 | 206,161 |
| Manufacturing group | ||
| Assets | ||
| Cash and equivalents | $ 1,695 | $ 1,963 |
| Accounts receivable, net | 953 | 855 |
| Inventories | 4,108 | 3,550 |
| Other current assets | 829 | 1,033 |
| Total current assets | 7,585 | 7,401 |
| Property, plant and equipment, less accumulated depreciation and amortization of $5,212 and $5,084, respectively | 2,487 | 2,523 |
| Goodwill | 2,291 | 2,283 |
| Other assets | 3,472 | 3,422 |
| Total assets | 15,835 | 15,629 |
| Liabilities | ||
| Current portion of long-term debt | 357 | 7 |
| Accounts payable | 1,227 | 1,018 |
| Other current liabilities | 2,820 | 2,645 |
| Total current liabilities | 4,404 | 3,670 |
| Other liabilities | 1,797 | 1,879 |
| Long-term debt | 2,825 | 3,175 |
| Total liabilities | 9,026 | 8,724 |
| Finance group | ||
| Assets | ||
| Cash and equivalents | 55 | 72 |
| Finance receivables, net | 574 | 563 |
| Other assets | 21 | 29 |
| Total assets | 650 | 664 |
| Liabilities | ||
| Other liabilities | 71 | 81 |
| Debt | 354 | 375 |
| Total liabilities | $ 425 | $ 456 |
Textron Inc. operates in the aircraft, defense, industrial, and finance businesses. The company's Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts. Its Bell segment supplies military and commercial helicopters, tiltrotor aircrafts, and related spare parts and services. The company's Textron Systems segment offers unmanned aircraft systems, electronic systems and solutions, advanced marine crafts, piston aircraft engines, live military air-to-air and air-to-ship training, weapons and related components, and armored and specialty vehicles. Its Industrial segment offers blow-molded plastic fuel systems, including conventional plastic fuel tanks and pressurized fuel tanks for hybrid vehicle applications, clear-vision systems, and plastic tanks for catalytic reduction systems primarily to automobile original equipment manufacturers; and golf cars, off-road utility vehicles, recreational side-by-side and all-terrain vehicles, snowmobiles, light transportation vehicles, aviation ground support equipment, professional turf-maintenance equipment, and turf-care vehicles to golf courses and resorts, government agencies and municipalities, consumers, outdoor enthusiasts, and commercial and industrial users. The company's Finance segment provides financing services to purchase new and pre-owned aircraft and bell helicopters. It serves in the United States, Europe, Asia, Australia, and internationally. Textron Inc. was founded in 1923 and is headquartered in Providence, Rhode Island.