Yahoo Finance Is Textron (TXT) Stock Outpacing Its Aerospace Peers This Year?
The Aerospace group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Textron (TXT) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Aerospace peers, we might be able to answer that question.
Textron is a member of the Aerospace sector. This group includes 45 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Textron is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for TXT's full-year earnings has moved 8.1% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that TXT has returned about 16% since the start of the calendar year. Meanwhile, the Aerospace sector has returned an average of -6.5% on a year-to-date basis. This means that Textron is outperforming the sector as a whole this year.
Another stock in the Aerospace sector, VirTra, Inc. (VTSI), has outperformed the sector so far this year. The stock's year-to-date return is 34.3%.
For VirTra, Inc. the consensus EPS estimate for the current year has increased 22.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Textron is a member of the Aerospace - Defense industry, which includes 23 individual companies and currently sits at #91 in the Zacks Industry Rank. Stocks in this group have lost about 10.7% so far this year, so TXT is performing better this group in terms of year-to-date returns.
In contrast, VirTra, Inc. falls under the Electronics - Military industry. Currently, this industry has 1 stocks and is ranked #2. Since the beginning of the year, the industry has moved +34.3%.
Investors interested in the Aerospace sector may want to keep a close eye on Textron and VirTra, Inc. as they attempt to continue their solid performance.
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Textron Inc. (TXT) : Free Stock Analysis Report
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