Textron Inc's (NYSE:TXT) financial activities have generated much market interest of late. Illinois Municipal Retirement Fund and iA Global Asset Management Inc. cut their respective stakes in the company, while Rhumbline Advisers, Victory Capital Management Inc., and Natixis Advisors LLC increased theirs. The firm declared its quarterly dividend amidst fluctuating earnings; Q2 earnings exceeded estimates, with revenue growing year-on-year, but Q2 revenues fell short. Following a 5% weekly decline, market analysts remain bullish about this underappreciated aerospace stock in the long term. Textron's Cessna Citation Latitude's 400th unit underscores its leading role in the midsize business jet market. Additionally, new service entry for the firm's Cessna Piston Jets fleet and the unveiling of enhanced features for the Cessna Citation Jets reinforce that position. Debts appear to be leveraged reasonably well. After reporting mixed Q1 2024 results and a 10% stock appreciation this year, investors are keen to know what's next for the firm. Textron's dealings with Gama Aviation (UK) Limited and recalling E-Z-GO PTVs due to fire risk complete the current picture. Brokerages average recommendation is a Moderate Buy.
Textron TXT News Analytics from Mon, 27 Jun 2022 07:00:00 GMT to Sun, 08 Sep 2024 15:44:08 GMT -
Rating 5
- Innovation 6
- Information 7
- Rumor -7
