Chevy Chase Trust Holdings LLC Divests 724 Shares of Textron
February 1, 2023
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Textron Inc ($NYSE:TXT). is a multi-industry company that provides products and services in the aviation, defense, industrial and finance sectors. Textron is one of the largest producers of aircrafts, helicopters, unmanned aerial vehicles, surveillance and reconnaissance systems, and other defense products. It is also engaged in the production of industrial equipment, precision tools, and financial services. Chevy Chase Trust Holdings LLC recently sold 724 shares of Textron Inc., according to documents filed with the U.S. Securities and Exchange Commission. Despite this, Textron Inc. continues to remain a leader in its respective industries and is well-positioned to benefit from any potential economic recovery in the near future.
With its wide range of products and services, it has been able to maintain strong financial performance over the years, resulting in a steady increase in its stock price despite the current market conditions. Overall, it appears that Chevy Chase Trust Holdings LLC made the right decision in selling 724 shares of Textron Inc. as it sees potential for further declines in the stock’s price due to the current market conditions. As the economic situation continues to improve, Textron Inc. is likely to regain its market value and may even exceed its previous highs in the near future.
Share Price
This resulted in the stock opening at $72.2 and closing at $70.6, down by 2.3% compared to the previous closing price of $72.3. Despite the decrease in stock price, media sentiment surrounding the company has been mostly positive. In addition, Textron Inc. has recently announced a number of new developments, including the launch of a new air taxi service and the acquisition of Arctic Cat Inc. These developments have resulted in more investors becoming interested in the company, allowing Textron Inc. to remain a solid choice for long-term investments. Chevy Chase Trust Holdings LLC’s decision to divest their 724 shares of Textron Inc. may not have had a major impact on the company’s stock price, but it does show that investors are still confident in the company’s future prospects and potential growth opportunities. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Textron Inc. More…
| Total Revenues | Net Income | Net Margin |
| 12.55k | 842 | 6.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Textron Inc. More…
| Operations | Investing | Financing |
| 1.39k | -438 | -1.2k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Textron Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 15.96k | 9.19k | 32.39 |
Key Ratios Snapshot
Some of the financial key ratios for Textron Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.0% | -7.2% | 9.0% |
| FCF Margin | ROE | ROA |
| 8.1% | 10.5% | 4.4% |
VI Analysis
VI App is a great tool for investors to quickly analyze the long term potential of TEXTRON INC. The app assesses the company’s risk rating based on financial and business aspects and provides an overall score as well as 3 specific risk warnings. The financial risks assessed include income sheet, balance sheet and non-financial risks. Income sheet risk warnings include discrepancies in the income statement, such as fluctuations in gross profit or income due to high debt levels. Balance sheet risk warnings focus on liquidity, solvency, and the ability to pay short-term obligations. Non-financial risk warnings include liabilities, legal issues, and the presence of any major competitors. Overall, VI App provides investors a fast and easy way to evaluate TEXTRON INC’s long term potential. Through the app, investors can quickly identify any potential risks associated with investing in the company. To access these warnings, users must become a registered user of the app. With VI App, investors can make more informed decisions when it comes to investing in TEXTRON INC. More…
VI Peers
The competition between Textron Inc and its competitors is intense. Each company is vying for market share and customer loyalty. They are all fighting for the same thing: to be the best in the industry. This competition is good for the consumer because it drives innovation and efficiency. It also keeps prices down.
– Optex Systems Holdings Inc ($OTCPK:OPXS)
Optex Systems Holdings Inc is a publicly traded company that designs, manufactures, and sells optical sighting and surveillance products for military, law enforcement, and commercial applications. The company has a market capitalization of $18.39 million and a return on equity of 2.52%. Optex Systems’ products include red dot sights, night vision sights, thermal imaging sights, and laser aiming devices. The company’s products are used by the US military, NATO, and other allied forces around the world.
– General Dynamics Corp ($NYSE:GD)
General Dynamics Corporation is an American aerospace and defense conglomerate formed by mergers and divestitures. It is the world’s fifth-largest defense contractor, according to Defense News’ 2019 ranking, and the sixth-largest by revenue. The company ranked No. 98 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. It is headquartered in Reston, Virginia.
General Dynamics’ main business units are Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The company has eight major business segments: Aerospace, Combat Systems, Information Technology, Mission Systems, Marine Systems, GD Electric Boat, General Dynamics Ordnance and Tactical Systems, and Gulfstream Aerospace.
General Dynamics Corporation is an American aerospace and defense conglomerate formed by mergers and divestitures. It is the world’s fifth-largest defense contractor, according to Defense News’ 2019 ranking, and the sixth-largest by revenue. The company ranked No. 98 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. It is headquartered in Reston, Virginia.
General Dynamics’ main business units are Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The company has eight major business segments: Aerospace, Combat Systems, Information Technology, Mission Systems, Marine Systems, GD Electric Boat, General Dynamics Ordnance and Tactical Systems, and Gulfstream Aerospace.
General Dynamics Corporation is an American aerospace and defense conglomerate formed by mergers and divestitures. It is the world’s fifth-largest defense contractor, according to Defense News’ 2019 ranking, and the sixth-largest by revenue. The company ranked No. 98 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. It is headquartered in Reston, Virginia.
General Dynamics’ main business units are Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The company has eight major business segments: Aerospace, Combat Systems, Information Technology, Mission Systems, Marine Systems, GD Electric Boat, General Dynamics Ordnance and Tactical Systems, and Gulfstream Aerospace.
– Hexcel Corp ($NYSE:HXL)
Hexcel Corporation is a leading advanced composites company. They develop, manufacture and market lightweight, high-performance structural materials, including carbon fibers, reinforcements, prepregs, honeycomb, matrix systems, adhesives and composite structures, used in commercial aerospace, space and defense, and industrial applications.
Hexcel’s market cap is 4.72B as of 2022. The company has a Return on Equity of 6.26%.
Hexcel Corporation is a leading provider of advanced composites materials. The company develops, manufactures and markets lightweight, high-performance structural materials, including carbon fibers, reinforcements, prepregs, honeycomb, matrix systems, adhesives and composite structures. Hexcel’s composites are used in commercial aerospace, space and defense, and industrial applications.
Summary
Textron Inc. is a global industrial conglomerate based in Providence, Rhode Island. The company operates in industries such as aerospace, defense, industrial, and commercial products and services. Investment analysis of Textron Inc. reveals that the company has a solid balance sheet with a sufficient level of liquidity, and a diverse portfolio of products and services.
In addition, Textron’s price to earnings ratio is attractive and the stock has performed well in recent years. Analysts are generally positive on the stock, and it appears to be a good long-term investment opportunity.
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