J.W. Cole Advisors Inc. and
BNP Paribas Financial Markets have increased their stake in
Textron Inc. Textron's stock performance remains favorable, with investors reaping a significant 66% return over the last five years. Their
Strong Momentum and
Long-Term Growth potential keeps Textron an attractive option for investors. Numerous acquisitions by entities such as
Mather Group LLC and
Nomura Holdings Inc. have taken place along with a notable
86% institutional backing for Textron. CAE and Textron formed a partnership to expand Next-Generation Jet Training. However, there have been
some stock sales by entities such as
State of Alaska Department of Revenue &
Los Angeles Capital Management LLC. Recent
Quarter Earnings resulted in mixed reviews against analyst expectations, with some
misses on Q1 2024 earnings. Corporate turbulence and job cuts due to program cancellations and weak demand dented Textron's performance recently. However, their
Healthy Backlog & new
Contract for the T-6C Training Aircraft, alongside their
leading position in the midsize business, with the 400th Cessna Citation Latitude roll-out bodes well for recovery.
Textron TXT News Analytics from Thu, 27 Jul 2023 07:00:00 GMT to Sun, 07 Jul 2024 18:47:39 GMT -
Rating 5
- Innovation 3
- Information 6
- Rumor -4
