Textron Inc (TXT) has been a subject of several financial movements in recent past. It has witnessed an increase in holdings by Invesco Ltd., Neuberger Berman Group LLC, and Wellington Management Group LLP, while other investors such as Russell Investments Group Ltd., LSV Asset Management and Aviva PLC have reduced their stake. Multiple price target adjustments for Textron, in relation to the supply chain and aerospace outlook, have been made by major firms such as Morgan Stanley and Citi. Textron's European Distribution Center clocks a decade of enhancing Cessna and Beechcraft parts availability in the region. In healthcare news, Textron Aviation initiates a second onsite Plane Healthy Wellness Center & Pharmacy for its Wichita employees enhancing affordable and convenient health care. Despite an undervaluation of approximately 48%, Textron beat Q4 earnings estimates. However, some sales figures fell behind the analyst predictions. Corporate actions include the election of Rob Mionis to the board of directors. Textron Aviation is also expanding through partnerships and new service facilities. Mixed Q4 report and market challenges have caused fluctuations in Textron's share value.
Textron TXT News Analytics from Mon, 29 Jul 2024 07:00:00 GMT to Sun, 13 Apr 2025 01:28:56 GMT -
Rating 1
- Innovation 3
- Information 5
- Rumor -1
