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How to Buy Textron Stock

Textron Inc

Textron is a defense company located in Rhode Island, United States, which is part of the Industrials sector, and is traded under the ticker TXT on the NYSE exchange.

Textron stock last closed at $88.79, up 0.65% from the previous day, and has increased 29.66% in one year. It has overperformed other stocks in the Aerospace & Defense industry by 0.15 percentage points. Textron stock is currently +32.45% from its 52-week low of $67.04, and -8.78% from its 52-week high of $97.34.

As of Jul 12, 2024, there are 190.7M shares of TXT outstanding. The market cap of TXT is $16.93B. In the last 24 hours, 915,772 TXT shares were traded.

How to Buy Textron Stock

Wondering how to invest in Textron stock? Here's how.
  1. Choose where to buy Textron stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you figure out where to buy Textron stock.
  2. Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Fund your brokerage account: Select your method of payment and add your information.
  4. Evaluate Textron stock: The Textron ticker symbol is TXT. Is Textron stock a good investment? Should you buy shares of TXT? How do TXT's underlying business fundamentals look? Do top analysts think Textron is a good buy? Why has TXT's stock price moved recently? (Hint: Our stock market analysis tools can help you decide if TXT is a good stock to buy).
  5. Execute your TXT purchase: Decide if you will purchase TXT shares at the current market price or use a limit order to buy TXT stock at a given price.
  6. Track your investment in TXT: Create a watchlist to monitor your new investment in Textron stock.

Step 1: Choose where to buy Textron stock

You need an online brokerage account in order to access the NYSE market and buy TXT shares.

A brokerage account is an investment account that allows you to buy and sell a variety of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Create your brokerage account

Now that you've chosen your brokerage, you need to fill out some personal details so you can buy TXT stock today.

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Step 3: Fund your brokerage account

Now that you've finished signing up on the greatest app to buy stocks, you can securely and quickly fund your account:

Check out the tutorial below if you need help depositing funds into your new brokerage account.

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Step 4: Evaluate Textron stock

Once you have identified the best place to buy Textron stock, it's important to research their stock before you invest, so you actually understand the risk as well as the opportunity.

Textron Metrics

TXT Price
$88.79
1w %
4.51%
1y %
29.66%
5y %
65.62%
P/E
18.77x
P/B
2.44x
P/S
1.23x
PEG
1.02x
Revenue
$13.79B
Earnings
$931.00M
Fore. Rev. Growth
4.72%
Fore. Earn. Growth
20.43%
Market Cap
$16.93B
Next Earnings
Jul 18, 2024
Next Dividend
N/A

Fundamentals of TXT

WallStreetZen was designed to help everyday investors perform more in-depth fundamental analysis quickly.

You can see all of the due diligence checks on TXT's stock page.

What is the fair value of TXT stock?

Analysts use many financial metrics, analyses, models, and charts to gauge TXT's fair value.

Using relative valuations ratios:

  • TXT could be undervalued based on its P/E ratio of 18.77x, relative to Aerospace & Defense industry P/E ratio of 21.5x
  • TXT may be undervalued based on its P/B ratio of 2.44x, relative to Aerospace & Defense industry P/B ratio of 5.5x
  • TXT may be overvalued based on its PEG ratio of 1.02x

You can do additional valuation analysis on TXT's stock here.

A quick look at TXT Financials

Positive Health Checks:

  • TXT earnings of $1.17B is not enough to cover its interest payments.
  • There are more short-term assets than long-term liabilities on the TXT balance sheet.
  • TXT's operating cash flow of $1.10B allows it to safely service it's debt of $3.52B.
  • There are more short-term assets than short-term liabilities on the TXT balance sheet.
  • Total TXT debt is lower than 5 years ago, relative to shareholder equity.

Negative Health Checks:

  • TXT has a relatively high debt to equity ratio of 1.37.
  • TXT profit margin of X% has stayed the same in the past year.

Do analysts think it's a good time to buy TXT stock

Out of 5 Equities analysts who monitor TXT, the consensus analyst rating on Textron is a Buy

It's important to note that analyst forecasts are not recommendations, nor are they financial advice.

You can dig deeper into what analysts are projecting on the Textron stock forecast page.

TXT Momentum

SMA10
86.25
SMA20
86.25
SMA50
86.82
SMA100
89.35
SMA200
84.32
MACD
0.03
MACD Signal
-0.33
MACD Histogram
0.35
RSI
60.61
Stochastic %K
74.34
Stochastic %D
52.25
StochRSI %K
91.48
StochRSI %D
67.21

How are TXT Revenues/Earnings doing?

Last year, TXT earnings were $931.00M. Over the past 5 year, TXT's earnings have gone up by -0.95% per year. This was slower than the Aerospace & Defense industry average of 1.81%.

Last year, TXT revenue was $13.79B. During the last 5 year, TXT's revenue has grown by 0.01% per year. This was slower than the Aerospace & Defense industry average of 7.87%.

Learn more about TXT's earnings and revenue performance here.

Are TXT executives and large shareholders buying or selling the stock?

In the last 12 months, executives and large shareholders at TXT have sold more shares than they have bought.

Kathleen M. Bader, Director of TXT, was the latest TXT insider to sell. They sold $1,043,491.70 worth of TXT shares on May 16, 2024.

Get more info about who owns TXT stock here.

Does TXT provide a stable income stream?

Textron pays a dividend of 0.09%, compared to the Aerospace & Defense industry's average dividend yield of 1.54%. If you owned $1,000 worth of TXT stock, you would have been paid $0.90 in the past 12 months.

Textron dividend payments have not consistently grown over the past decade and have not remained stable.

Get more data about Textron dividend yield and history here.

TXT Social Trading Data

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Step 5: Execute your TXT purchase

There are two main options:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are usually the easiest way to buy.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at an exact dollar amount, place a limit order.

Hit the Open button and your broker will execute the order.

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Step 6: Track your investment in TXT

Now that you own some TXT stock, you'll want to stay up-to-date on your new company.

Create a watchlist to track the most important metrics related to your TXT stock.

TXT Feed

How to Buy Stock in Textron

To summarize, here are the 6 steps to buy stock in Textron:

  1. Choose where to buy Textron stock
  2. Create your brokerage account
  3. Fund your brokerage account
  4. Evaluate Textron stock
  5. Execute your TXT purchase
  6. Track your investment in TXT

If you require a brokerage, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to track your new investment in Textron, add TXT to your watchlist by clicking the button below.

NYSE: TXT
$88.79+0.57 (+0.65%)
Updated Jul 12, 2024
Open eToro Account
NYSE: TXT
$88.79+0.57 (+0.65%)
Updated Jul 12, 2024
Open eToro Account

FAQ

How much does it cost to buy one Textron share?

As of Jul 12, 2024, it costs $88.79 to buy one share of Textron stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.113 shares of TXT.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Textron stock?

According to 5 Wall Street analysts who monitor Textron, their consensus recommendation is to buy Textron stock.

What is the best way to buy Textron stock?

One way to place an order for Textron stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.