Textron Stock Outlook: Is Wall Street Bullish or Bearish?

Providence, Rhode Island-based Textron Inc. (TXT) is a diversified multi-industry company with a strong presence in the aerospace, defense, and industrial sectors. Valued at a market cap of $13.8 billion, the company’s portfolio includes commercial and military helicopters, light- and mid-size business jets, plastic fuel tanks, automotive trim products, golf carts and utility vehicles, turf-care equipment, industrial pumps and gears, engineered fastening systems, and various other specialized industrial products. 

This aerospace and defense company has underperformed the broader market over the past 52 weeks. Shares of TXT have fallen 12.4% over this time frame, while the broader S&P 500 Index ($SPX) has gained 12.5%. Moreover, on a YTD basis, the stock is up marginally, compared to SPX’s 1.3% return.