Textron Inc. (NYSE:TXT) has been a focal point for numerous financial entities in recent times. Investment firms like
GAMMA Investing, Nomura Holdings, Mather Group, and Richard P Slaughter Associates have established and grown positions within the company. However,
International Assets Investment Management, Vanguard Group, and PNC Financial Services Group have reduced their holdings. Textron's performance has delivered investors significant gains, with a 59% return for those who invested three years ago, and a remarkable 87% gain for those who invested five years prior. Q1 and Q2 earnings results have exceeded expectation, despite drops in revenue. Textron is now expanding its
aviation presence in Australia, hinting at long-term growth strategies. Additionally, it has secured contracts, such as one to aid
T-6C Training Aircraft and another for 12 AH-1Z helicopters. It is noted for its strong structural backing with 86% institutional ownership. Analysts generally have a 'Moderate Buy' consensus rating. However, there has been some speculation regarding the company’s CEO’s pay packet and some recent stock falls.
Textron TXT News Analytics from Fri, 22 Dec 2023 08:00:00 GMT to Sun, 23 Jun 2024 17:30:48 GMT -
Rating 7
- Innovation 5
- Information 6
- Rumor -3
