Price Don’t Lie: What Will Happen to Textron Inc. Next? The Stock Just Increased A Lot

Price Don't Lie: What Will Happen to Textron Inc. Next? The Stock Just Increased A Lot

The stock of Textron Inc. (NYSE:TXT) is a huge mover today! About 559,705 shares traded hands. Textron Inc. (NYSE:TXT) has risen 17.72% since March 3, 2016 and is uptrending. It has outperformed by 9.37% the S&P500.
The move comes after 6 months positive chart setup for the $10.84 billion company. It was reported on Oct, 6 by Barchart.com. We have $56.99 PT which if reached, will make NYSE:TXT worth $4.66 billion more.

Analysts await Textron Inc. (NYSE:TXT) to report earnings on October, 25. They expect $0.65 EPS, up 3.17% or $0.02 from last year’s $0.63 per share. TXT’s profit will be $176.81M for 15.33 P/E if the $0.65 EPS becomes a reality. After $0.66 actual EPS reported by Textron Inc. for the previous quarter, Wall Street now forecasts -1.52% negative EPS growth.

Textron Inc. (NYSE:TXT) Ratings Coverage

Out of 9 analysts covering Textron (NYSE:TXT), 7 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 78% are positive. Textron has been the topic of 11 analyst reports since September 2, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Thursday, January 28 by RBC Capital Markets. The firm has “Outperform” rating given on Wednesday, September 9 by Cowen & Co. Morgan Stanley initiated the shares of TXT in a report on Thursday, June 23 with “Underweight” rating. The stock has “Buy” rating given by Citigroup on Wednesday, September 2. The company was downgraded on Thursday, January 28 by Drexel Hamilton. Robert W. Baird initiated the stock with “Outperform” rating in Thursday, October 6 report. The rating was upgraded by JP Morgan on Wednesday, December 16 to “Overweight”.

According to Zacks Investment Research, “Textron, Inc. is a global multi-industry company with operations in five business segments – Aircraft, Fastening Systems, Industrial Components, Industrial Products and Finance. The company’s products include commercial and military helicopters, light and mid-size business jets, plastic fuel tanks, automotive trim products, golf cars and utility vehicles, turf-care equipment, industrial pumps and gears, engineered fastening systems and solutions, and other industrial products. It also is a commercial finance company for select markets.”

Insitutional Activity: The institutional sentiment increased to 0.98 in Q2 2016. Its up 0.15, from 0.83 in 2016Q1. The ratio is positive, as 30 funds sold all Textron Inc. shares owned while 125 reduced positions. 44 funds bought stakes while 108 increased positions. They now own 216.35 million shares or 0.47% more from 215.34 million shares in 2016Q1.
The New York-based Highbridge Cap Ltd Liability Company has invested 0.01% in Textron Inc. (NYSE:TXT). Lpl Financial Limited Company holds 0.01% or 21,718 shares in its portfolio. Mizuho Asset Coltd accumulated 3,561 shares or 0.02% of the stock. Secor Advisors L P has invested 0.24% of its portfolio in Textron Inc. (NYSE:TXT). Moreover, Parametric Risk Advsrs Limited Liability Company has 0.14% invested in Textron Inc. (NYSE:TXT) for 60,000 shares. Parkside National Bank & Trust & reported 3,200 shares or 0.06% of all its holdings. Tarbox last reported 0.01% of its portfolio in the stock. Cantab Capital Partners Ltd Liability Partnership reported 13,040 shares or 0% of all its holdings. Moreover, Davidson Inv Advisors has 0.01% invested in Textron Inc. (NYSE:TXT) for 1,000 shares. Old Mutual Customised Solutions (Proprietary) Ltd accumulated 4,300 shares or 0.04% of the stock. Hudock Capital Grp Limited Liability Corp holds 1,920 shares or 0.04% of its portfolio. Northern Tru Corp owns 2.70M shares or 0.03% of their US portfolio. Moreover, Conning has 0.01% invested in Textron Inc. (NYSE:TXT) for 6,409 shares. Price T Rowe Associate Md last reported 0.29% of its portfolio in the stock. American And accumulated 400 shares or 0.01% of the stock.

More recent Textron Inc. (NYSE:TXT) news were published by: Profitconfidential.com which released: “Textron Inc.: Here’s What Everyone’s Missing About Textron Stock” on October 06, 2016. Also Forbes.com published the news titled: “Ex-Dividend Reminder: Kansas City Southern, Textron and Ingersoll-Rand” on September 06, 2016. Twst.com‘s news article titled: “Textron Inc.: Textron Specialized Vehicles Inc. Acquires the Business of …” with publication date: October 04, 2016 was also an interesting one.

TXT Company Profile

Textron Inc., incorporated on July 31, 1967, is a multi-industry firm engaged in aircraft, defense, industrial and finance businesses to provide clients with services and products across the world. The Firm operates through five divisions: Textron Aviation, Bell, Textron Systems, Industrial and Finance. The Company’s Textron Aviation segment is engaged in general aviation. The Company’s Industrial segment represents its manufacturing businesses. The Company’s Finance segment represents its finance business.

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