November 28, 2016 - By Winifred Garcia · 0 Comments
Textron Inc (NYSE:TXT) institutional sentiment decreased to 0.88 in 2016 Q2. Its down -0.10, from 0.98 in 2016Q1. The ratio worsened, as 152 investment professionals increased and started new stock positions, while 155 decreased and sold their equity positions in Textron Inc. The investment professionals in our partner’s database now have: 216.35 million shares, up from 215.34 million shares in 2016Q1. Also, the number of investment professionals holding Textron Inc in their top 10 stock positions decreased from 3 to 2 for a decrease of 1. Sold All: 30 Reduced: 125 Increased: 108 New Position: 44.
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 $12.42 billion. The Firm operates through five divisions: Textron Aviation, Bell, Textron Systems, Industrial and Finance. It has a 14.67 P/E ratio. Textron Aviation makes, sells and services Beechcraft and Cessna aircraft, and services the Hawker brand of business jets.
About 864,695 shares traded hands. Textron Inc. (NYSE:TXT) has risen 17.85% since April 25, 2016 and is uptrending. It has outperformed by 11.84% the S&P500.
Analysts await Textron Inc. (NYSE:TXT) to report earnings on January, 25. They expect $0.84 EPS, up 3.70% or $0.03 from last year’s $0.81 per share. TXT’s profit will be $227.89 million for 13.63 P/E if the $0.84 EPS becomes a reality. After $0.61 actual EPS reported by Textron Inc. for the previous quarter, Wall Street now forecasts 37.70% EPS growth.
According to Zacks Investment Research, “Textron, Inc. is a global multi-industry company with operations in five business segments – Aircraft, Fastening Systems, Industrial Components, Industrial Products and Finance. The company’s products include commercial and military helicopters, light and mid-size business jets, plastic fuel tanks, automotive trim products, golf cars and utility vehicles, turf-care equipment, industrial pumps and gears, engineered fastening systems and solutions, and other industrial products. It also is a commercial finance company for select markets.”
Malaga Cove Capital Llc holds 5.17% of its portfolio in Textron Inc. for 171,658 shares. Tide Point Capital Management Lp owns 1.19 million shares or 3.28% of their US portfolio. Moreover, Snow Capital Management Lp has 2.5% invested in the company for 1.45 million shares. The South Carolina-based Ccm Investment Advisers Llc has invested 1.34% in the stock. Delphi Management Inc Ma, a Massachusetts-based fund reported 47,600 shares.#img1#
Ratings analysis reveals 78% of Textron’s analysts are positive. Out of 9 Wall Street analysts rating Textron, 7 give it “Buy”, 1 “Sell” rating, while 1 recommend “Hold”. The lowest target is $39 while the high is $54. The stock’s average target of $48.25 is 5.40% above today’s ($45.78) share price. TXT was included in 11 notes of analysts from September 2, 2015. Robert W. Baird initiated the stock with “Outperform” rating in Thursday, October 6 report. The stock of Textron Inc. (NYSE:TXT) earned “Outperform” rating by Cowen & Co on Wednesday, September 9. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, January 28. The rating was downgraded by Drexel Hamilton on Thursday, January 28 to “Hold”. The company was upgraded on Wednesday, December 16 by JP Morgan. The stock of Textron Inc. (NYSE:TXT) earned “Underweight” rating by Morgan Stanley on Thursday, June 23. As per Wednesday, September 2, the company rating was upgraded by Citigroup.
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.
Another recent and important Textron Inc. (NYSE:TXT) news was published by Investorplace.com which published an article titled: “Trade of the Day: Textron Inc. (TXT) Aiming for Military Growth” on November 14, 2016.
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By Winifred Garcia