Important Short Interest Filing: What’s Propelling Textron Incorporated (NYSE:TXT) After Higher Shorts Reported?

November 18, 2016 - By Hazel Jackson   ·   0 Comments

Important Short Interest Filing: What’s Propelling Textron Incorporated (NYSE:TXT) After Higher Shorts Reported?

The stock of Textron Incorporated (NYSE:TXT) registered an increase of 11.27% in short interest. TXT’s total short interest was 3.03M shares in November as published by FINRA. Its up 11.27% from 2.72M shares, reported previously. With 1.22 million shares average volume, it will take short sellers 3 days to cover their TXT’s short positions. The short interest to Textron Incorporated’s float is 1.13%. About 149,828 shares traded hands. Textron Inc. (NYSE:TXT) has risen 17.51% since April 18, 2016 and is uptrending. It has outperformed by 13.08% the S&P500.

Textron Inc. is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide clients with services and products across the world. The company has a market cap of $11.93 billion. The Firm operates through five divisions: Textron Aviation, Bell, Textron Systems, Industrial and Finance. It has a 14.16 P/E ratio. Textron Aviation makes, sells and services Beechcraft and Cessna aircraft, and services the Hawker brand of business jets.

Insitutional Activity: The institutional sentiment decreased to 0.88 in Q2 2016. Its down 0.10, from 0.98 in 2016Q1. The ratio turned negative, as 30 funds sold all Textron Inc. shares owned while 125 reduced positions. 44 funds bought stakes while 108 increased positions. They now own 216.35 million shares or 0.47% more from 215.34 million shares in 2016Q1.
Moreover, Estabrook Mgmt has 0% invested in Textron Inc. (NYSE:TXT) for 3,800 shares. Mackenzie Fincl holds 0.12% of its portfolio in Textron Inc. (NYSE:TXT) for 558,577 shares. Moreover, Credit Agricole S A has 0.02% invested in Textron Inc. (NYSE:TXT) for 156,451 shares. Bnp Paribas Arbitrage, a New York-based fund reported 26,003 shares. The Minnesota-based Us Savings Bank De has invested 0.01% in Textron Inc. (NYSE:TXT). Baldwin Investment Mgmt Ltd Limited Liability Company accumulated 0.13% or 8,200 shares. Henderson Public Ltd Limited Liability Company last reported 35,104 shares in the company. Citadel Advsr Ltd Liability Co last reported 1.75M shares in the company. Thrivent Fin For Lutherans, a Minnesota-based fund reported 67,143 shares. Amalgamated Bancorp has 0.04% invested in the company for 16,194 shares. Endurance Wealth Mngmt has invested 0% of its portfolio in Textron Inc. (NYSE:TXT). Cubist Systematic Strategies Ltd Com owns 16,690 shares or 0.04% of their US portfolio. The Japan-based Blackrock Japan has invested 0.05% in Textron Inc. (NYSE:TXT). Utah Retirement System last reported 0.05% of its portfolio in the stock. Meeder Asset holds 0.01% or 3,323 shares in its portfolio.

Textron Inc. (NYSE:TXT) Ratings Coverage

Out of 9 analysts covering Textron (NYSE:TXT), 7 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 78% are positive. Textron has been the topic of 11 analyst reports since September 2, 2015 according to StockzIntelligence Inc. The rating was maintained by Cowen & Co on Wednesday, September 9 with “Outperform”. RBC Capital Markets maintained the shares of TXT in a report on Thursday, January 28 with “Outperform” rating. As per Thursday, October 6, the company rating was initiated by Robert W. Baird. As per Thursday, January 28, the company rating was downgraded by Drexel Hamilton. The firm has “Buy” rating by Citigroup given on Wednesday, September 2. The stock of Textron Inc. (NYSE:TXT) has “Overweight” rating given on Wednesday, December 16 by JP Morgan. Morgan Stanley initiated Textron Inc. (NYSE:TXT) on Thursday, June 23 with “Underweight” rating.

TXT Company Profile

Textron Inc., incorporated on July 31, 1967, is a multi-industry firm engaged in aircraft, defense, industrial and finance businesses to provide clients with services and products across the world. The Firm operates through five divisions: Textron Aviation, Bell, Textron Systems, Industrial and Finance. The Company’s Textron Aviation segment is engaged in general aviation. The Company’s Industrial segment represents its manufacturing businesses. The Company’s Finance segment represents its finance business.

More recent Textron Inc. (NYSE:TXT) news were published by: Investorplace.com which released: “Trade of the Day: Textron Inc. (TXT) Aiming for Military Growth” on November 14, 2016. Also Seekingalpha.com published the news titled: “Assessing Defense: Textron” on November 13, 2016. Nasdaq.com‘s news article titled: “Textron Inc. (TXT) Misses on Q3 Earnings and Revenues” with publication date: October 20, 2016 was also an interesting one.

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By Hazel Jackson


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