TXT (Textron) Momentum Rank : 8 (As of Dec. 15, 2024)

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What is Textron Momentum Rank?

Textron has the Momentum Rank of 8.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Textron's Momentum Rank

For the Aerospace & Defense subindustry, Textron's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Textron's Momentum Rank Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Textron's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Textron's Momentum Rank falls into.

Textron Momentum Rank Related Terms

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Textron Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Textron Inc (NYSE:TXT) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

TXT:Mexico 0LF0:UK TXT:Germany TXT:Germany T1XT34:Brazil

Address

40 Westminster Street, Providence, RI, USA, 02903

Website

https://www.textron.com

Textron is a conglomerate that designs, manufactures, and services a range of specialty aircraft including small jets, propeller-driven airplanes, helicopters, and tilt-rotor aircraft. Textron Aviation manufactures and services Cessna and Beechcraft planes. Bell is a helicopter and tilt-rotor manufacturer and servicer for both commercial and military customers. Textron Systems produces uncrewed aircraft and armored vehicles for the military market as well as aircraft simulators and training for the commercial and military markets. Textron Industrial contains the Kautex business, which manufactures plastic fuel tanks for conventional and hybrid motor vehicles, and other subsidiaries that produce specialized vehicles such as golf carts, snowmobiles, and all-terrain vehicles.

Executives

Kathleen M Bader	director	2030 DOW CENTER, MIDLAND MI 49640
E Robert Lupone	officer: EVP, General Counsel and Secy	40 WESTMINSTER STREET, PROVIDENCE RI 02903
Mark S Bamford	officer: VP and Corporate Controller	40 WESTMINSTER STREET, PROVIDENCE RI 02903
Scott C Donnelly	officer: Executive VP and COO
Frank T Connor	officer: Executive VP and CFO	40 WESTMINSTER STREET, PROVIDENCE RI 02903
Julie G Duffy	officer: Executive VP - Human Resources	40 WESTMINSTER STREET, PROVIDENCE RI 02903
R Kerry Clark	director	C/O THE PROCTER & GAMBLE COMPANY, ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
Michael X Garrett	director	6521 CHIPSTEAD LANE, CHARLOTTE NC 28277
Thomas A Kennedy	director	870 WINTER STREET, WALTHAM MA 02451
Richard F Ambrose	director	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Nowell Lionel L Iii	director	401 NORTH MAIN STREET, WINSTON-SALEM NC 27101
Deborah L James	director	1710 SAIC DRIVE, MCLEAN VA 22102
Ralph D Heath	director	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Maria T Zuber	director	40 WESTMINSTER STREET, PROVIDENCE RI 02903
Cheryl H Johnson	officer: Executive VP, Human Resources	40 WESTMINSTER STREET, PROVIDENCE RI 02903