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Textron (TXT)

Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, Textron Systems, and TRU Simulation + Training.

Company profile

Ticker
TXT
Exchange
Website
CEO
Scott Donnelly
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
TriumphAARKLX ...
SEC CIK
Subsidiaries
Avco Corporation • International Product Support Inc. • United Industrial Corporation • Textron Systems Corporation • AAI Services Corporation • Airborne Tactical Advantage Company, LLC • Howe & Howe Inc. • Overwatch Systems, Ltd. • Medical Numerics, Inc. • Textron Systems Canada Inc. ...
IRS number
50315468

TXT stock data

Analyst ratings and price targets

Last 3 months

Calendar

28 Jul 22
18 Aug 22
31 Dec 22
Quarter (USD) Jul 22 Apr 22 Jan 22 Oct 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jan 22 Jan 21 Jan 20 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.84B 1.84B 1.84B 1.84B 1.84B 1.84B
Cash burn (monthly) 95M 28.92M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 149.08M 45.38M n/a n/a n/a n/a
Cash remaining 1.69B 1.8B n/a n/a n/a n/a
Runway (months of cash) 17.8 62.1 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
30 Jun 22 Richard F Ambrose Deferred Stock Units Common Stock Grant Acquire A No No 65.607 57.159 3.75K 57.159
30 Jun 22 Ziemer James L Deferred Stock Units Common Stock Grant Acquire A No No 65.607 76.211 5K 82,489.938
30 Jun 22 Zuber Maria T Deferred Stock Units Common Stock Grant Acquire A No No 65.607 285.793 18.75K 12,300.066
27 Apr 22 Richard F Ambrose Common Stock Grant Acquire A No No 0 2,174 0 2,174
27 Apr 22 Conway James T Common Stock Grant Acquire A No No 0 2,174 0 11,395
86.8% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 489 508 -3.7%
Opened positions 55 44 +25.0%
Closed positions 74 80 -7.5%
Increased positions 148 165 -10.3%
Reduced positions 188 194 -3.1%
13F shares Current Prev Q Change
Total value 11.2B 13.93B -19.6%
Total shares 183.58M 188.37M -2.5%
Total puts 242.5K 255.9K -5.2%
Total calls 246.5K 405.2K -39.2%
Total put/call ratio 1.0 0.6 +55.8%
Largest owners Shares Value Change
TROW T. Rowe Price 33.55M $2.05B -1.6%
Vanguard 23.62M $1.44B +0.5%
BLK Blackrock 16.7M $1.02B -0.9%
IVZ Invesco 9.34M $570.61M -11.6%
STT State Street 9.08M $554.88M -5.0%
Boston Partners 6.61M $403.51M +0.9%
Adage Capital Partners GP, L.L.C. 6.19M $378.08M +33.9%
Victory Capital Management 5.75M $351.08M -5.5%
Primecap Management 5.36M $327.5M -4.3%
Geode Capital Management 4.19M $255.61M -1.7%
Largest transactions Shares Bought/sold Change
Adage Capital Partners GP, L.L.C. 6.19M +1.57M +33.9%
Parametric Portfolio Associates 0 -1.53M EXIT
MS Morgan Stanley 2.18M +1.42M +186.3%
LGEN Legal & General 0 -1.4M EXIT
PZN Pzena Investment Management 665.95K -1.33M -66.6%
Aaron Wealth Advisors 17.18K -1.26M -98.7%
IVZ Invesco 9.34M -1.22M -11.6%
DB Deutsche Bank AG - Registered Shares 307.95K -1.06M -77.5%
Fred Alger Management 0 -978.6K EXIT
Aqr Capital Management 2.31M +915.07K +65.6%

Financial report summary

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Risks
  • Our business is being adversely impacted, and is expected to continue to be adversely impacted, by the coronavirus (COVID-19) pandemic.
  • Demand for our aircraft products is cyclical and lower demand adversely affects our financial results.
  • We have customer concentration with the U.S. Government; reduction in U.S. Government defense spending can adversely affect our results of operations and financial condition.
  • U.S. Government contracts can be terminated at any time and may contain other unfavorable provisions.
  • As a U.S. Government contractor, we are subject to procurement rules and regulations; our failure to comply with these rules and regulations could adversely affect our business.
  • As a U.S. Government contractor, our businesses and systems are subject to audit and review by the Defense Contract Audit Agency (DCAA) and the Defense Contract Management Agency (DCMA).
  • The use of certain contract award types by the U.S. Government increases pricing pressure and cost.
  • The market for U.S. Government defense business is highly competitive which may affect our ability to win new contracts for major government programs and result in reduced future revenues.
  • Developing new products and technologies entails significant risks and uncertainties.
  • We have made and may continue to make acquisitions that increase the risks of our business.
  • Our business could be negatively impacted by cybersecurity threats and other disruptions.
  • Failure to perform by our subcontractors or suppliers could adversely affect our performance.
  • We are subject to the risks of doing business in foreign countries that could adversely impact our business.
  • Natural disasters or other events outside of our control may disrupt our operations, adversely affect our results of operations and financial condition, and may not be fully covered by insurance.
  • If our Finance segment has difficulty collecting on its finance receivables, our financial performance could be adversely affected.
  • We periodically need to obtain financing and such financing may not be available to us on satisfactory terms, if at all.
  • Unanticipated changes in our tax rates or exposure to additional income tax liabilities could affect our profitability.
  • We are subject to increasing compliance risks that could adversely affect our operating results.
  • Certain of our products are subject to laws regulating consumer products and could be subject to repurchase or recall as a result of safety issues.
  • Increased regulation and stakeholder expectations related to global climate change could negatively affect our operating results.
  • We are subject to legal proceedings and other claims.
  • Intellectual property infringement claims of others and the inability to protect our intellectual property rights could harm our business and our customers.
  • Our success is highly dependent on our ability to hire and retain a qualified workforce.
  • The increasing costs of certain employee and retiree benefits could adversely affect our results.
  • Our business could be adversely affected by strikes or work stoppages and other labor issues.

Content analysis

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New words: admitted, amortize, assembled, assumed, assumption, deduct, driven, exceeded, final, finalize, fixed, goodwill, growth, marketplace, mediation, mediator, overseen, preliminary, royalty, settlement, war, wrongdoing
Removed: life, negatively, payable, working

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