TXT Textron

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
Sector
Industry (SIC)
SEC CIK
Corporate docs
IRS number
50315468
TXT stock data
()
News
Stocks That Hit 52-Week Highs On Wednesday
14 Apr 21
Why Did Goldman Sachs Upgrade Textron?
8 Apr 21
Stocks That Hit 52-Week Highs On Thursday
8 Apr 21
Benzinga's Top Ratings Upgrades, Downgrades For April 8, 2021
8 Apr 21
A Peek Into The Markets: US Stock Futures Mostly Higher Ahead of Jobless Claims
8 Apr 21
Press releases
Textron Aviation's Special Edition 75th Anniversary Beechcraft Bonanza Blends Modern Technology With Retro Styling
13 Apr 21
Wheels Up and Bell Textron Announce Strategic Initiative to Transform the Dream of Urban Mobility into a Reality
9 Apr 21
Textron to Release First Quarter Results on April 29, 2021
1 Apr 21
Textron Aviation Launches Signature Special Olympics Airlift Event in Support of 2022 USA Games
23 Mar 21
Textron Declares Quarterly Dividend
24 Feb 21
Calendar
19 Feb 21
17 Apr 21
2 Jan 22
Financial summary
Quarter (USD) |
Jan 21 | Oct 20 | Jul 20 | Apr 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) |
Jan 21 | Jan 20 | Dec 18 | Dec 17 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Financial data from Textron earnings reports.
Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.25B | 2.25B | 2.25B | 2.25B | 2.25B | 2.25B |
Cash burn (monthly) | 138.67M | (positive/no burn) | (positive/no burn) | 182.83M | (positive/no burn) | (positive/no burn) |
Cash used (since last report) | 485.99M | n/a | n/a | 640.78M | n/a | n/a |
Cash remaining | 1.77B | n/a | n/a | 1.61B | n/a | n/a |
Runway (months of cash) | 12.8 | n/a | n/a | 8.8 | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
31 Mar 21 | Ziemer James L | Deferred Stock Units Common Stock | Grant | Aquire A | No | No | 50.669 | 130.999 | 6.64K | 82,009.797 |
31 Mar 21 | Zuber Maria T | Deferred Stock Units Common Stock | Grant | Aquire A | No | No | 50.669 | 251.02 | 12.72K | 11,198.168 |
1 Mar 21 | Scott C Donnelly | Common Stock | Payment of exercise | Dispose F | No | No | 51.56 | 26,541 | 1.37M | 670,505 |
1 Mar 21 | Scott C Donnelly | Common Stock | Grant | Aquire A | No | No | 0 | 56,861 | 0 | 697,046 |
1 Mar 21 | Scott C Donnelly | Employee Stock Option Common Stock | Grant | Aquire A | No | No | 51.56 | 200,108 | 10.32M | 200,108 |
1 Mar 21 | Frank T Connor | Common Stock | Payment of exercise | Dispose F | No | No | 51.56 | 7,633 | 393.56K | 147,489 |
1 Mar 21 | Frank T Connor | Common Stock | Grant | Aquire A | No | No | 0 | 16,766 | 0 | 155,122 |
1 Mar 21 | Frank T Connor | Employee Stock Option Common Stock | Grant | Aquire A | No | No | 51.56 | 59,005 | 3.04M | 59,005 |
1 Mar 21 | E Robert Lupone | Common Stock | Payment of exercise | Dispose F | No | No | 51.56 | 2,425 | 125.03K | 93,426 |
1 Mar 21 | E Robert Lupone | Common Stock | Grant | Aquire A | No | No | 0 | 7,448 | 0 | 95,851 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
85.2% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 441 |
Opened positions | 80 |
Closed positions | 38 |
Increased positions | 126 |
Reduced positions | 146 |
13F shares |
Current |
---|---|
Total value | 9.34B |
Total shares | 193.35M |
Total puts | 299.8K |
Total calls | 358.59K |
Total put/call ratio | 0.8 |
Largest owners |
Shares | Value |
---|---|---|
TROW T. Rowe Price | 35.13M | $1.7B |
Vanguard | 23.77M | $1.15B |
BLK Blackrock | 17.03M | $822.88M |
IVZ Invesco | 13.81M | $667.54M |
STT State Street | 10.01M | $483.84M |
PZN Pzena Investment Management | 7.81M | $377.51M |
Victory Capital Management | 6.76M | $326.72M |
Primecap Management | 6.42M | $310.15M |
Boston Partners | 6.31M | $304.75M |
LSV Asset Management | 4.67M | $225.91M |
Financial report summary
?Competition
Giga Tronics • Oshkosh • American Superconductor • Elbit Systems • Embraer • John Bean Technologies • Delta TuckerRisks
- 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 multi-award contracts by the U.S. Government increases competition, pricing pressure and cost.
- 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 information technology disruptions and security threats.
- 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 related to global climate change could negatively affect our business.
- 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 maintain 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
?
Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
New words:
abnormally, absorption, accommodate, addressed, allegedly, anniversary, Assault, bargaining, belong, black, Canada, career, ceased, cessation, confront, conserve, contact, contesting, culture, CWC, decision, deferral, dignity, disease, distancing, downturn, explicit, FAA, feel, fit, flown, FVL, goal, governmental, great, healthy, idle, inactive, infection, injury, insignificant, jurisdiction, jury, leadership, led, legacy, LIBOR, metric, monthly, Montreal, motion, necessarily, necessitate, Noncash, notice, OEM, online, onset, opposed, outbreak, outreach, pandemic, path, percent, phase, pool, portal, privacy, pulse, quarantine, reactivated, ready, recertification, reinforce, reopened, repaid, repay, safe, slowdown, slowly, social, spread, stabilization, STEM, strong, stronger, surrender, suspected, swap, tailored, talent, talented, temporarily, tracing, tracked, travel, troubled, Unexpected, University, unprecedented, verdict, weak, widespread, workplace, worsen
Removed:
ACAT, acceleration, accessing, accomplish, add, Aeronautical, affiliated, affordable, Alterra, Armed, Armoured, ASU, ASV, AVCOAT, Bearcat, BHTMRP, borrow, British, Cadillac, Canister, CAP, capitalization, Cargomaster, charter, Clairity, CLAW, closing, Commando, comprise, CUSV, Delaware, designate, detailed, determinant, disclosed, discretionary, DoD, domestically, Eclipse, El, employer, Euro, exploration, extremely, FASB, Firecat, foregoing, FOREVER, founded, Fury, Gage, GSE, HAULER, Hemisphere, Improving, integral, INTELLIBRAKE, Japan, Knight, leasing, leverage, LF, lowering, Lynx, McCauley, MCS, merger, MISSIONLINK, Motorfist, MRO, MudPro, Mustang, NASDAQ, NGCC, NightWarden, Odyssey, Osprey, Pantera, Patrol, petroleum, pound, premium, ProFlight, ProPropeller, prospectively, Prowler, RAP, REALCue, REALFeel, realizing, recognizing, refine, reincorporated, remeasure, reverse, rotary, RXV, Scorpion, size, Sno, SP, speed, Speedrack, Stampede, step, sterling, Suite, SuperCobra, Synturian, TAPV, tender, Thundercat, Tigre, traditionally, transactional, transition, trebled, TRUCKSTER, TRUESET, TRV, TTx, unchanged, uncollectable, vigorously, weapon, Wildcat, Wolverine, ZR
Financial reports
10-K
2020 FY
Annual report
19 Feb 21
10-Q
2020 Q3
Quarterly report
29 Oct 20
10-Q
2020 Q2
Quarterly report
31 Jul 20
10-Q
2020 Q1
Quarterly report
1 May 20
10-K
2019 FY
Annual report
25 Feb 20
10-Q
2019 Q3
Quarterly report
23 Oct 19
10-Q
2019 Q2
Quarterly report
24 Jul 19
10-Q
2019 Q1
Quarterly report
24 Apr 19
10-K
2018 FY
Annual report
13 Feb 19
10-Q
2018 Q3
Quarterly report
25 Oct 18
Current reports
8-K
Textron Reports Fourth Quarter 2020 Results; Announces 2021 Financial Outlook
27 Jan 21
8-K
Textron Responds to Purported Tender Offer
9 Nov 20
8-K
Textron Reports Third Quarter 2020 Results
29 Oct 20
8-K
Other Events
5 Aug 20
8-K
Textron Reports Second Quarter 2020 Results
30 Jul 20
8-K
Cost Associated with Exit or Disposal Activities
18 Jun 20
8-K
Textron Reports First Quarter 2020 Results
30 Apr 20
8-K
Entry into a Material Definitive Agreement
2 Apr 20
8-K
Other Events
17 Mar 20
8-K
Textron Reports Fourth Quarter 2019 Results; Announces 2020 Financial Outlook
29 Jan 20
Registration and prospectus
424B2
Prospectus for primary offering
4 Aug 20
FWP
Free writing prospectus
3 Aug 20
424B3
Prospectus supplement
3 Aug 20
S-8
Registration of securities for employees
27 Jul 20
S-3ASR
Automatic shelf registration
27 Jul 20
424B2
Prospectus for primary offering
11 Mar 20
FWP
Free writing prospectus
10 Mar 20
424B3
Prospectus supplement
10 Mar 20
424B2
Prospectus for primary offering
1 May 19
FWP
Free writing prospectus
30 Apr 19
Proxies
DEFA14A
Additional proxy soliciting materials
6 Apr 21
DEFA14A
Additional proxy soliciting materials
5 Mar 21
DEF 14A
Definitive proxy
5 Mar 21
DEFA14A
Additional proxy soliciting materials
13 Apr 20
DEFA14A
Additional proxy soliciting materials
5 Mar 20
DEF 14A
Definitive proxy
5 Mar 20
DEFA14A
Additional proxy soliciting materials
6 Mar 19
DEF 14A
Definitive proxy
6 Mar 19
DEF 14A
Definitive proxy
5 Mar 18
DEFA14A
Additional proxy soliciting materials
5 Mar 18
Other
SD
Conflict minerals disclosure
28 May 20
SD
Conflict minerals disclosure
29 May 19
SD
Conflict minerals disclosure
25 May 18
SD
Conflict minerals disclosure
23 May 17
SD
Conflict minerals disclosure
30 May 16
SD
Conflict minerals disclosure
28 May 15
NO ACT
No action letter
25 Jan 15
SD
Conflict minerals disclosure
1 Jun 14
NO ACT
No action letter
21 Jan 14
UPLOAD
Letter from SEC
9 Jun 13
Ownership
4
TEXTRON / Maria T Zuber ownership change
2 Apr 21
4
TEXTRON / JAMES L ZIEMER ownership change
2 Apr 21
4
TEXTRON / Mark S Bamford ownership change
3 Mar 21
4
TEXTRON / Julie G Duffy ownership change
3 Mar 21
4
TEXTRON / E Robert Lupone ownership change
3 Mar 21
4
TEXTRON / Frank T Connor ownership change
3 Mar 21
4
TEXTRON / SCOTT C DONNELLY ownership change
3 Mar 21
4
TEXTRON / Frank T Connor ownership change
24 Feb 21
4
TEXTRON / SCOTT C DONNELLY ownership change
24 Feb 21
SC 13G/A
TEXTRON / PRICE T ROWE ASSOCIATES ownership change
16 Feb 21
Patents
GRANT
Design
Tambour door
13 Apr 21
Inventors: Michael Scott Robinson, Joshua Phillip DeDonder, Todd Alan Thisius
GRANT
Utility
Anti-tail buffet system
13 Apr 21
An anti-tail buffet device leverages existing rotorcraft components to attenuate a tailboom's lateral “ringing” from air buffeting.
GRANT
Utility
Hot-swappable hybrid APU for aircraft
13 Apr 21
A distributed auxiliary-power-unit (APU) system for an aircraft includes one or more battery modules for storing electrical power, and a plurality of racks distributed throughout the aircraft for receiving the one or more battery modules to electrically connect with an electrical subsystem of the aircraft.
GRANT
Utility
System and method for maintaining and configuring rotorcraft
13 Apr 21
In an embodiment, a method includes: collecting usage and maintenance data for a rotorcraft at a computer of the rotorcraft; sending the usage and maintenance data to a fleet management server; generating individualized equipment data for the rotorcraft according to the usage and maintenance data at the fleet management server, the individualized equipment data including a lightweight digital representation of the rotorcraft and technical publications for the rotorcraft, the lightweight digital representation including mesh-based 3D visualizations of each component of the rotorcraft, the technical publications having views referencing the mesh-based 3D visualizations; sending the individualized equipment data to the computer of the rotorcraft; and persisting the individualized equipment data at the computer of the rotorcraft.
GRANT
Utility
Oscillatory monitor
13 Apr 21
A method for monitoring an oscillatory signal from an oscillating device includes filtering the oscillatory signal to within a desired frequency band to provide a filtered signal and extracting an amplitude from the filtered signal.
Transcripts
2020 Q4
Earnings call transcript
27 Jan 21
2020 Q3
Earnings call transcript
29 Oct 20
2020 Q2
Earnings call transcript
30 Jul 20
2020 Q1
Earnings call transcript
2 May 20
2019 Q4
Earnings call transcript
29 Jan 20
2019 Q3
Earnings call transcript
17 Oct 19
2019 Q2
Earnings call transcript
17 Jul 19
2019 Q1
Earnings call transcript
17 Apr 19
2018 Q4
Earnings call transcript
24 Jan 19
2018 Q3
Earnings call transcript
18 Oct 18
Reddit threads
ASPL Wheels Up CEO on Squawk Box Discusses New Partnership with Textron TXT
9 Apr 21
r/Stocks Daily Thread on Meme Stocks Wednesday - Mar 31, 2021
31 Mar 21
FINRA Reporting Inaccurate Total Trade Volume
23 Mar 21
Thoughts on defense stocks?
14 Mar 21
Daily Discussion Thread - March 11th, 2021
11 Mar 21
Daily Discussion Thread - March 10th, 2021
10 Mar 21
Daily Discussion Thread - March 9th, 2021
9 Mar 21
Daily Discussion Thread - March 8th, 2021
8 Mar 21
Biden Administration Will Continue Chinese Tech Ban In Government-Should Cause Big Boom For US Based Drone Stocks As Well As Other Government Tech Products.
3 Mar 21
Defense and Aerospace stocks are undervalued and are a good opportunity for investment
3 Mar 21