TXT
Textron Inc.
Industrial/Transportation
10/11/2013
Presented
| Date | 10/08/2013 |
| Price | $26.88 |
| Market Cap | $7.54B |
| Ent Value | $10.70B |
| P/E Ratio | 20.59x |
| Book Value | $15.45 |
| Div Yield | 0.2% |
| Shares O/S | 280.51M |
| Ave Daily Vol | 2,410,000 |
| Short Int | 2.31% |
Current
| Price | $87.85 |
| Market Cap | $16.46B |
| Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates in five segments: Cessna, Bell, Textron Systems, Industrial, and Finance. The Cessna segment manufactures business jets, single-engine utility turboprops, single-engine piston aircraft, and lift solutions, as well as parts, maintenance, inspection, and repair services. The Bell segment manufactures and supplies military and commercial helicopters, tiltrotor aircraft, and related spare parts and services. The Textron Systems segment produces armored security vehicles, marine craft, precision weapons, and airborne and ground-based surveillance systems and services; unmanned aircraft systems; training and simulation systems, and countersniper devices; and intelligence and situational awareness software. The Industrial segment offers blow-molded plastic fuel systems, windshield and headlamp washer systems, engine camshafts, catalytic reduction systems, and other parts, as well as plastic bottles and containers; powered equipment, electrical test and measurement instruments, hand and hydraulic powered tools, and electrical and fiber optic assemblies primarily used in the electrical construction and maintenance, plumbing, wiring, telecommunications, and data communications industries; and golf cars and professional turf-maintenance equipment, as well as off-road, utility, light transportation, and specialized turf-care vehicles sold to golf courses, resort communities, municipalities, sporting venues, and commercial and industrial users. The Finance segment offers commercial loans and leases for aircraft, helicopters, and golf and turf-care equipment. It sells its products through a network of sales representatives, distributors, and authorized independent sales representatives, as well as directly to end users, home improvement retailers, and original equipment manufacturers. Textron Inc. was founded in 1923 and is headquartered in Providence, the Rhode Island. |
Highlights
The presenter is bullish on the outlook for Textron (TXT), and believes investors may be overlooking a few important factors – including the potentially material profit contribution from Cessna as its three new models are launched, Bell Helicopter’s success, and a pension tailwind in 2014 - that are likely to drive material upside for shareholders over the next 12-24 months. He outlined his thesis as follows:
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