Yesterday it was reported that the VP & Corp. Contr of Textron (TXT – Research Report), Mark Bamford, exercised options to sell 10,538 TXT shares at $28.07 a share, for a total transaction value of $668.2K.
Following Mark Bamford’s last TXT Sell transaction on August 02, 2017, the stock climbed by 16.5%. In addition to Mark Bamford, one other TXT executive reported Sell trades in the last month.
Based on Textron’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $2.88 billion and quarterly net profit of $171 million. In comparison, last year the company earned revenue of $2.78 billion and had a net profit of $50 million. The company has a one-year high of $65.86 and a one-year low of $21.92. TXT’s market cap is $14.88 billion and the company has a P/E ratio of 34.20.
Based on 10 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $67.90, reflecting a -3.7% downside.
The insider sentiment on Textron has been negative according to 25 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Mark Bamford’s trades have generated a 16.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Textron, Inc. is a multi-industry company, which leverages global network of aircraft, defense, industrial, and finance businesses to provide customers innovative solutions and services. The company operates its business through the following segments: Textron Aviation, Bell, Textron Systems, Industrial, and Finance. The Textron Aviation segment manufactures sells, and services Beechcraft and Cessna aircraft. The Bell segment supplies military and commercial helicopters, tiltrotor aircraft, and related spare parts. The Textron Systems segment product lines consist of unmanned aircraft systems; land and marine systems; weapons and sensors; and a variety of defense and aviation mission support products and services. The Industrial segment designs and manufactures a variety of products under the Golf; Turf Care and Light Transportation Vehicles; Fuel Systems and Functional Components and Powered Tools; and Testing and Measurement Equipment product lines. The Finance segment consists of Textron Financial Corp. and its consolidated subsidiaries, which provides finances primarily to purchasers of new Cessna aircraft and Bell helicopters. The company founded by Royal Little in 1923 and is headquartered in Providence, RI.