Textron Inc. (NYSE:TXT) has seen mixed activities from various entities in the investment world.
Private Advisor Group LLC, AGF Management Ltd, Truist Financial Corp and the Teacher Retirement System of Texas increased their holdings in Textron, whereas
Dimensional Fund Advisors LP, National Bank of Canada FI, and Federated Hermes Inc reduced their stakes. The company's
stock has been identified as a
Great Value Stock by some analysts, while others anticipate a potential trend reversal as the stock lost 11.5% within a span of four weeks. Following its Q1 2024 earnings, which indicated
mixed results against analyst expectations, the stock price suffered. However, its unit bagged a
$95M deal to support the T-6 Jet Program. Textron also achieved a milestone with its
Cessna Aircrafts, entering service and launching two next-generation models. The company is prepared for its Q2 earnings, but its stock price crashed by 12% on a particular day. The company, facing weak demand, announced a job cut of 1,500 positions. Even after a 10% gain, discussions whether Textron is undervalued and a good buy opportunity still float around the market. The
CEO pay packet increase and first-quarter earnings miss have raised concern.
Textron TXT News Analytics from Mon, 18 Dec 2023 08:00:00 GMT to Thu, 16 May 2024 09:58:00 GMT -
Rating -2
- Innovation 6
- Information 4
- Rumor -3
