Textron Inc. (TXT) has been garnering a significant attention from investors that show mixed sentiments. The company has revealed enhanced features for
Cessna Citation Jets. Numerous asset management firms including Orion Portfolio Solutions, TD Asset Management, and Janney Montgomery Scott have adjusted their positions in the company, some reduced while others increased their stakes.
Trexquant Investment LP, for instance, has positioned a $1.95 Million in Textron. Meanwhile, concerns are raised whether mixed
segmental results will boost
Textron's Q4 Earnings. The
Q1 2024 earning resulted in mixed results against analyst expectations, however, it was reported that the revenues rise Y/Y. Textron's strong
institutional backing is witnessed with 86% ownership. The company's Q1 outlook and Texas stock's recent gains of 10% suggests
potential growth. Yet, the stock crashed by 12% on a particular Thursday. Some financial analysts are raising expectations for
Textron's FY2024 earnings and terming it as a strong value stock. Yet, its Q4 earnings beat estimates with
rising revenues Y/Y. The company is also increasing its financial activity with the recent declaration of its
quarterly dividend.
Textron TXT News Analytics from Wed, 06 Dec 2023 08:00:00 GMT to Thu, 30 May 2024 14:46:33 GMT -
Rating 5
- Innovation 3
- Information 8
- Rumor 2
