Several brokerages have set a consensus target price of $93.45 for Textron Inc. (NYSE:TXT). The company's stocks have recently been purchased by various investment entities such as HUB Investment Partners LLC, Boston Partners, Sovereign Investment Advisors LLC, and Quantbot Technologies LP among others. However, certain institutions like Swiss National Bank and Atria Investments Inc have sold off some of their shares in Textron.
The company also declared its quarterly dividend recently. For Q4, it reported better-than-expected earnings, while missing on revenues, and has weighed options for its off-road vehicles business. Textron's stock has been down 7.4% since the last earnings report.
Aerospace industry veteran and Celestica CEO Rob Mionis joined Textron's leadership team, lending more credibility to the company's future business ventures. The company also delivered the first Cessna SkyCourier Twin Turboprop into Canada and secured a $276.8M contract to supply T-54A Training Aircraft. CFO Frank Connor will be retiring by end of February 2025.
Textron TXT News Analytics from Wed, 17 Jul 2024 07:00:00 GMT to Sat, 22 Mar 2025 20:48:01 GMT - Rating 5 - Innovation 4 - Information 9 - Rumor -3
