Investors in
Textron (NYSE:TXT) who came on board five years ago have seen a significant return of up to 79%.
Short Interest in Textron was up 17.1% in September, marking a bearish sentiment. The company's stock has seen a 5% fall in the last week. Other notable observations include Textron's share price not reaching cruising altitude. But, despite the turbulence in the short run, long-term growth still holds promise. In terms of dividends,
Textron has declared quarterly dividends and given
Q2's earnings beat estimates with revenues up Y/Y. The robust backlog and improved margins at Bell and Systems are promising. But,
the stock was downgraded to 'Hold' at TD Cowen despite a consensus recommendation of 'Moderate Buy.' Some insider selling has been reported, which could signal a bearish outlook.
Textron Aviation earned
FAA approval for the safety management system in aircraft design and manufacturing, and it secured a contract to aid the T-6C training aircraft. However, despite posting a quarterly profit beat due to business jet and helicopter demand, the stock crashed 12% on a particular day. Q1's earnings were in focus when stock numbers dipped, but analysts still stay bullish for the second half of 2024.
Textron TXT News Analytics from Mon, 27 Jun 2022 07:00:00 GMT to Sat, 05 Oct 2024 12:40:49 GMT -
Rating 3
- Innovation 2
- Information 8
- Rumor -2
