Textron Inc
TXT:NYSE
| Last | Change / % Change | Dividend Yield | Volume |
| 26.85 | -0.50 -1.83% | 0.30% | 2,759,057 |
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Latest News Headlines for Textron Inc
Highest Beta in the Aerospace & Defense Industry Detected for Textron (TXT, KTOS, AER)
Below are the three companies in the Aerospace & Defense industry with the highest betas. Higher-beta stocks mean greater volatility and are therefore generally considered to be riskier but also may provide the potential for higher returns.Textron (NYSE:TXT) is highest with a beta of 1.6. Textron Inc. is a global, multi-industry company with operations in aircraft, defense, industrial products, and finance. The Company's products include airplanes, helicopters, weapons, and automotive products. Textron's finance division offers asset based lending, aviation, distribution, golf, and resort finance, as well as structured capital. Thus far today, Textron has traded 546,000 shares, vs. average volume of 3.2 million shares per day. The stock has outperformed the Dow (1.5% to the Dow's 0.9%) and outperformed the S&P; 500 (1.5% to the S&P;'s 0.9%) during today's trading.
Textron (TXT) Could Fall Through $26.38 Support Level
Textron Inc. (NYSE: TXT) closed Wednesday's trading session at $26.93. In the past year, the stock has hit a 52-week low of $14.66 and 52-week high of $29.18. Textron (TXT) stock has been showing support around $26.38 and resistance in the $27.54 range. Technical indicators for the stock are Bearish and S&P; gives Textron (TXT) a positive 4 STARS (out of 5) buy rating. For a hedged play on Textron (TXT), look at the Sep '12 $26.00 covered call for a net debit in the $23.78 area. That is also the break-even stock price for this trade. This covered call has a duration of 163 days, provides 11.70% downside protection and an assigned return rate of 9.34% for an annualized return rate of 20.90% (for comparison purposes only). A lower-cost hedged play for Textron (TXT) would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the Textron (TXT) Jan '13 $20.00 call and selling the Sep '12 $26.00 call for a total debit of $5.10. The trade has a lifespan of 163 days and would provide 6.80% downside protection and an assigned return rate of 17.65% for an annualized return rate of 40% (for comparison purposes only). Textron (TXT) has a current annual dividend yield of 0.30%.
AAI Unmanned Aircraft Systems and KOR Electronics Enter Into Strategic Alliance
View more recent headlinesAAI Unmanned Aircraft Systems (UAS), an operating unit of Textron Systems, a Textron Inc. (NYSE:TXT) company, and KOR Electronics Defense Solutions, a subsidiary of Mercury Computer Systems (NASDAQ: MRCY), announced today a strategic alliance that combines AAI's expertise as a UAS systems integrator with KOR's signals intelligence (SIGINT) equipment.
Company Background
Textron Inc. is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services worldwide. It operates in five segments: Cessna, Bell, Textron Systems and Industrial, which represent its manufacturing businesses, and Finance, which represents its finance business. Cessna is a general aviation company with two principal lines of business: Aircraft sales and aftermarket services. Bell Helicopter is a supplier of military and commercial helicopters, tiltrotor aircraft, and related spare parts and services in the world. Textron Systems is a supplier to the defense, aerospace, homeland security and general aviation markets. Industrial segment designs and manufactures a range of products under three principal product lines. The Company's Finance segment, or the Finance group, is a commercial finance business that consists of Textron Financial Corporation (TFC) and its consolidated subsidiaries.
Bid/Size -- / -- | Ask/Size -- / -- |
Price Open 27.36 | Previous Close 27.35 |
Day High 27.425 | Day Low 26.84 |
52wk High/Date 29.18 / 4/3/2012 | 52wk Low/Date 14.66 / 8/26/2011 |
Beta 2.6 | Market Capitalization 7.5B |
Shares Outstanding 279.8M | Volatility Avg 46.44 |
Avg Vol(10 day) 3.5M | P/E Ratio 34.4x |
EPS(TTM) 0.78 | Yield 0.30% |
Dividend Announcement 2/22/2012 | Ex-Date 3/7/2012 |
Payable 0.02 - QRTR | Payable Date 4/1/2012 |
Date of Record 3/9/2012 | |
Last Trade as of 4/13/2012 4:03 PM ET | |
TXT Textron Inc vs. Peers
| Peers | |
|---|---|
TXT Textron Inc | 45.21% |
Crane Co. | 0.62% |
Dover Corporation | 4.94% |
General Dynamics Corporation | 3.72% |
Honeywell International Inc. | 6.84% |
TXT Textron Inc | 0.30% |
Crane Co. | 2.21% |
Dover Corporation | 2.07% |
General Dynamics Corporation | 2.96% |
Honeywell International Inc. | 2.57% |
TXT Textron Inc | -1.83% |
Crane Co. | -1.16% |
Dover Corporation | 0.10% |
General Dynamics Corporation | -1.12% |
Honeywell International Inc. | -1.22% |