Textron Inc. is a Textron is a conglomerate that designs, manufactures, and services specialty aircraft for various end markets, but the company also has several unrelated businesses.
Among the biggest risers on the S&P 500 on Wednesday March 31 was Textron Inc. ($TXT), popping some 1.43% to a price of $56.08 a share with some 1.29 million shares trading hands.
Starting the day trading at $56.50, Textron Inc. reached an intraday high of $57.23 and hit intraday lows of $55.84. Shares gained $0.79 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been n/a of its 226.93 million share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day SMA at $n/a with a 52-week range of $21.92 to $57.05.
Textron is a conglomerate that designs, manufactures, and services specialty aircraft for various end markets, but the company also has several unrelated businesses. The firm’s aviation segment manufactures and services Cessna and Beechcraft business aircraft. Bell is a helicopter manufacturer and servicer for both the commercial and military end market. Textron Systems produces uncrewed aircraft, armored vehicles for the military market as well as aircraft simulators for the commercial and military end market. Textron Industrial contains a Kautex business that manufactures plastic fuel tanks for conventional and hybrid motor vehicles and produces specialized vehicles such as golf carts, snowmobiles, all-terrain vehicles, and others.
Textron Inc. has its corporate headquarters located in Providence, RI and employs 33,000 people. Its market cap has now risen to $12.73 billion after today’s trading, its P/E ratio is now n/a, its P/S n/a, P/B 2.18, and P/FCF n/a.