U S Global Investors Inc. acquired 30,831 shares of
Textron Inc. (NYSE:TXT) , a multi-industry company involved in
aircraft, defense, industrial, and finance businesses, while
QRG Capital Management Inc. and
Illinois Municipal Retirement Fund sold their shares.
Todd Asset Management LLC acquired more shares and
AustralianSuper Pty Ltd bought 48,147 shares, indicating potential confidence in the company's growth.
J.P. Morgan vouched for the stability of TXT stock by reaffirming a 'hold' rating. Significant transactions have also occurred in Textron's boardroom with
Rob Mionis newly appointed to the Board of Directors. There has been some concern with Textron's performance, seeing a 7.4% dip since their last earnings report, possibly due to weaker than expected sales in Q4 earnings. Responsibility for this is partly attributed to poor segmental performance and a reportedly weak profit outlook. Textron has also made strides on a global scale by choosing to open a new facility in
Australia and deliver the first
Cessna SkyCourier Twin Turboprop into Canada. Textron analysts warn of coming revenue challenges, though, driving some to reduce their stock positions in the company.
Textron TXT News Analytics from Wed, 17 Jul 2024 07:00:00 GMT to Sat, 01 Mar 2025 12:40:55 GMT -
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- Innovation 3
- Information 5
- Rumor -1
