Norden Group and
Empirical Financial Services have both acquired holdings in Textron Inc. (TXT). Investment is continuing to flow into the firm, with
SG Americas Securities and
AIA Group having substantial positions. Firms such as
Janney Montgomery Scott and
Mutual of America Capital Management, however, are reducing their stakes. In terms of growth, Textron has been recognized as a strong momentum and value stock, but it suffered a 11.5% loss over a 4-week period. Nevertheless, it's expected that a trend reversal may be around the corner. The company achieved a significant milestone with the production rollout of the 400th Cessna Citation Latitude, and confirmed its position as a leader in the midsize business jet market. However, turbulence seems inevitable due to a healthy backlog. Textron's stock has shown mixed performance recently, with some observing a post-earnings plunge as a buying opportunity. In the long-term, the outlook for the firm seems positive, with recent acquisitions by
LSV Asset Management and
Allspring Global Investments Holdings LLC, as well as a steady earnings surpassing estimates.
Textron TXT News Analytics from Thu, 26 Oct 2023 07:00:00 GMT to Sun, 14 Jul 2024 13:59:40 GMT -
Rating 5
- Innovation 0
- Information 7
- Rumor -2
