Textron Inc (NYSE:TXT) Just Reported Increased Shorts

March 14, 2018 - By Richard Conner

 Textron Inc (NYSE:TXT) Just Reported Increased Shorts

Investors sentiment increased to 1.15 in 2017 Q3. Its up 0.31, from 0.84 in 2017Q2. It is positive, as 21 investors sold Textron Inc. shares while 132 reduced holdings. 57 funds opened positions while 119 raised stakes. 214.52 million shares or 0.05% less from 214.62 million shares in 2017Q2 were reported.
Gargoyle Inv Advisor Ltd Com reported 64,883 shares. Srb Corp invested in 0.03% or 3,715 shares. Commercial Bank Of Nova Scotia has invested 0.01% in Textron Inc. (NYSE:TXT). Moreover, Metropolitan Life Ins Com Ny has 0.04% invested in Textron Inc. (NYSE:TXT). Amalgamated Bancshares reported 0.05% stake. Victory Capital Mngmt invested 0.5% of its portfolio in Textron Inc. (NYSE:TXT). Old Mutual Customised Solutions (Proprietary) Ltd has 7,006 shares for 0.05% of their portfolio. Tower Research Cap Limited Liability Company (Trc) has invested 0% in Textron Inc. (NYSE:TXT). Qci Asset Management New York owns 1,665 shares. Vanguard Gru Incorporated owns 24.71 million shares for 0.06% of their portfolio. Retirement Of Alabama stated it has 231,719 shares. Vigilant Management Limited Liability Corp has 650 shares for 0.01% of their portfolio. 719,955 were accumulated by Wells Fargo & Communications Mn. Brandywine Glob Investment Management Ltd Liability Co reported 0.08% in Textron Inc. (NYSE:TXT). Gemmer Asset Management Limited Co has 0% invested in Textron Inc. (NYSE:TXT) for 211 shares.

The stock of Textron Inc (NYSE:TXT) registered an increase of 1.07% in short interest. TXT’s total short interest was 6.25M shares in March as published by FINRA. Its up 1.07% from 6.18 million shares, reported previously. With 1.43 million shares average volume, it will take short sellers 4 days to cover their TXT’s short positions. The short interest to Textron Inc’s float is 2.38%.

The stock decreased 0.08% or $0.05 during the last trading session, reaching $58.85. About 1.13 million shares traded. Textron Inc. (NYSE:TXT) has risen 23.87% since March 14, 2017 and is uptrending. It has outperformed by 7.17% the S&P500.

Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. The company has market cap of $15.26 billion. It operates through five divisions: Textron Aviation, Bell, Textron Systems, Industrial, and Finance. It has a 25.44 P/E ratio. The Textron Aviation segment makes and sells business jets, turboprop aircraft, piston engine aircraft, and military trainer and defense aircraft; and commercial parts, as well as provides maintenance, inspection, and repair services.

Textron Inc. (NYSE:TXT) Ratings Coverage

Among 14 analysts covering Textron (NYSE:TXT), 10 have Buy rating, 1 Sell and 3 Hold. Therefore 71% are positive. Textron had 36 analyst reports since September 2, 2015 according to SRatingsIntel. Jefferies maintained it with “Buy” rating and $68.0 target in Monday, January 8 report. On Thursday, May 25 the stock rating was maintained by Credit Suisse with “Buy”. Credit Suisse maintained Textron Inc. (NYSE:TXT) rating on Wednesday, April 12. Credit Suisse has “Buy” rating and $50 target. The rating was maintained by Jefferies on Tuesday, September 26 with “Buy”. The stock of Textron Inc. (NYSE:TXT) has “Underweight” rating given on Thursday, June 23 by Morgan Stanley. The firm earned “Buy” rating on Monday, July 24 by Jefferies. On Wednesday, December 16 the stock rating was upgraded by JP Morgan to “Overweight”. Stephens maintained the shares of TXT in report on Thursday, January 11 with “Hold” rating. Wells Fargo maintained the stock with “Buy” rating in Tuesday, January 16 report. The firm has “Buy” rating given on Monday, July 17 by Cowen & Co.

More news for Textron Inc. (NYSE:TXT) were recently published by: Businesswire.com, which released: “CORRECTING and REPLACING Textron Declares Quarterly Dividend” on February 28, 2018. Nasdaq.com‘s article titled: “Textron Inc. (TXT) Ex-Dividend Date Scheduled for March 09, 2018” and published on March 08, 2018 is yet another important article.

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