Textron Inc. (TXT) is making significant moves in the market indicated by the different trading activities. Quantinno Capital Management LP, Nuveen Asset Management LLC, and Bank of America Corp DE are reducing their stake in Textron, while Voloridge Investment Management LLC and others are increasing their shares. The company's Aviation wing has penned a fleet order for Cessna Citation Business Jets from Mexico's ALE and another deal with Aerolineas Ejecutivas for 12 Jets. The company's Bell subsidiary has also demonstrated its FLRAA Virtual Prototype to the Army. In Q1, Textron beat revenue estimates with $3.3 Billion and an EPS of $1.13. The Cessna SkyCourier expansion is remarkable, conquering 12 markets in just five years. Despite, some institutions expressing concern, Textron's stock exhibited a 48% undervaluation, and it's considered as one of the top defense stock picks according to Goldman Sachs, whilst also being included in Billionaire Mario Gabelli's top stock picks. Concerns remain regarding Textron's Robotic Combat Vehicle program as the Army rethinks its strategy. Nevertheless, some believe Textron is ready for takeoff and expect asset growth to continue to drive outperformance.
Textron TXT News Analytics from Tue, 19 Nov 2024 08:00:00 GMT to Sat, 24 May 2025 20:35:14 GMT - Rating 4 - Innovation 2 - Information 7 - Rumor -2
