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INX:TXT, Jan 22, 05:57 UTC

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Friday, January 17


News

Textron's Airplanes Segment Should Give Wings To Its Top Line In 2020

TXT

Textron (NYSE:TXT) is a multi-industry company that designs and manufactures civilian and military helicopters, business jets, turboprop aircraft, piston-engine airplanes, golf cars, off-road and light transportation vehicles, turf care equipment, power tools, and a variety of defense products. We believe that the company should reverse the trend of declining revenues seen over 2018 and 2019 this year, with its top line expanding by more than 3% to $14.7 billion. Finance- Finance segment is a commercial finance business that consists of Textron Financial Corporation (TFC) and its consolidated subsidiaries.The Finance segment provides financing primarily to purchasers of new and pre-owned Textron Aviation aircraft and Bell helicopters. (A) Revenue from Cessna & Beechcraft Airplane segment to increase by 6.3% from $5.0 Billion in 2018 to $5.3 Billion in 2019, with its share in revenue to to remain at 38% in 2019 from 36% in 2018.

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  • Financial
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Wednesday, December 11


News

Textron (NYSE:TXT) Downgraded to C+ at TheStreet – TechNewsObserver

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Vertical Research lowered shares of Textron from a buy rating to a hold rating and reduced their price objective for the company from $56.00 to $54.00 in a research note on Friday, September 27th. The firm has a market cap of $10.08 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 1.33 and a beta of 1.71. During the same period in the previous year, the business posted $0.61 EPS. As a group, research analysts predict that Textron will post 3.72 earnings per share for the current fiscal year. Municipal Employees Retirement System of Michigan now owns 23,470 shares of the aerospace company’s stock worth $1,244,000 after buying an additional 20,200 shares in the last quarter.

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  • Business
  • Financial

Friday, December 06


News

Textron Aviation Layoffs Part Of Broader Restructuring Plan

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You have access to this content through your organization’s enterprise subscription to the Aviation Week Intelligence Network (AWIN). WICHITA—Textron Aviation’s layoffs reported Dec. 5 are part of a broader restructuring plan by its parent company to reduce costs and improve operating efficiency, the company said in a U.S. Securities and Exchange Commission filing Dec. 6. The restructuring applies primarily to Textron Aviation and its Industrial business segments, including Textron Specialized Vehicles and Kautex with 875 total layoffs. You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Textron Aviation Layoffs Part Of Broader Restructuring Plan".

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Sunday, November 17


News

Textron Inc (NYSE:TXT) Stock Price While Sentiment Dive

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Textron Inc (NYSE:TXT) institutional sentiment decreased to 0.79 in Q2 2019. The investment managers in our partner’s database now possess: 183.29 million shares, down from 189.86 million shares in 2019Q1. Also, the number of investment managers holding Textron Inc in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 35 Reduced: 159 Increased: 101 New Position: 52. More interesting news about Textron Inc. (NYSE:TXT) were released by: Seekingalpha.com and their article: “Textron plans to rev up aftermarket services – Seeking Alpha” published on October 21, 2019 as well as Finance.Yahoo.com‘s news article titled: “FINAL DEADLINE ALERT – AmTrust Financial Services, Inc. (AFSIA, AFSIB, AFSIC, AFSIM, AFSIN, AFSIP) – Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Class Action and Deadline: October 28, 2019 – Yahoo Finance” with publication date: October 28, 2019.

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Saturday, November 16


News

Why Is Textron (TXT) Down 1.5% Since Last Earnings Report?

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A month has gone by since the last earnings report for Textron (TXT). Will the recent negative trend continue leading up to its next earnings release, or is Textron due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. The bottom line also increased 55.7% from 61 cents in the year-ago quarter.This year-over-year improvement can be attributed to lower number of outstanding shares of the company in the quarter under review.RevenuesTotal revenues came in at $3,259 million, which fell short of the Zacks Consensus Estimate of $3,351 million by 2.7%. However, the reported figure increased 1.8% from the year-ago quarter’s $3,200 million on higher contributions from the company’s Aviation, Bell and Industrial segments.Manufacturing revenues increased 1.9% to $3,245 million, while revenues at the Finance division grew 6.7% to $14 million.Segmental PerformanceTextron Aviation: In the quarter under review, revenues at this segment rose 6% to $1,201 million from $1,133 million in the year-ago quarter.

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  • Financial

Tuesday, November 12


News

Retirement Systems of Alabama Raises Stock Position in Textron Inc. (NYSE:TXT) – Slater Sentinel

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Retirement Systems of Alabama lifted its position in Textron Inc. (NYSE:TXT) by 4.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. Shares of Textron stock traded up $0.28 during trading on Tuesday, reaching $46.44. The aerospace company reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.10. Vertical Research lowered shares of Textron from a “buy” rating to a “hold” rating and cut their price target for the company from $56.00 to $54.00 in a research report on Friday, September 27th.

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Monday, November 11


News

Textron Businesses Display Innovative and Diverse Product Lineup at Dubai Airshow

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Textron will be displaying at Pavilion S12 and Chalet A43-45. Bell was the first to obtain commercial certification for a helicopter nearly 60 years ago – and since then, has delivered thousands of innovative aircraft to customers around the world. When it comes to developing solutions for urban air mobility or producing life-saving commercial and military aircraft, Bell has the innovative minds and the relentless drive to revolutionize search and rescue operations, business travel and vertical takeoff and lift. And we are just getting started. The Bell 505 Jet Ranger X light single engine helicopter is the ideal military trainer aircraft and offers incredible value unlike any other helicopter in its class. Leveraging unparalleled speed-to-market, Textron Aviation provides the most versatile and comprehensive business and general aviation product portfolio in the world through five principal lines of business: business jets, general aviation and special mission turboprop aircraft, high performance piston aircraft, military trainer and defense aircraft and a complete global customer service organization.

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Saturday, November 09


News

State of Tennessee Treasury Department Sells 21,250 Shares of Textron Inc. (NYSE:TXT) – Mitchell Messenger

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State of Tennessee Treasury Department lessened its position in shares of Textron Inc. (NYSE:TXT) by 27.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. Several other hedge funds and other institutional investors have also recently bought and sold shares of TXT. Morgan Stanley boosted their target price on shares of Textron from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. During the same period in the prior year, the firm earned $0.61 EPS. As a group, sell-side analysts forecast that Textron Inc. will post 3.73 earnings per share for the current year.

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  • Financial

Friday, November 08


News

Sumitomo Mitsui Trust Holdings Inc. Has $45.76 Million Position in Textron Inc. (NYSE:TXT) – Riverton Roll

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Sumitomo Mitsui Trust Holdings Inc. lowered its stake in shares of Textron Inc. (NYSE:TXT) by 0.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The company has a market cap of $10.80 billion, a PE ratio of 14.11, a P/E/G ratio of 1.39 and a beta of 1.73. The aerospace company reported $0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.10. Vertical Research cut Textron from a “buy” rating to a “hold” rating and dropped their price target for the company from $56.00 to $54.00 in a research note on Friday, September 27th.

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Topics:
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  • Financial

Monday, November 04


News

Textron Inc. (NYSE:TXT) Shares Sold by Royal Bank of Canada – TechNewsObserver

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Royal Bank of Canada lowered its stake in shares of Textron Inc. (NYSE:TXT) by 13.7% during the 2nd quarter, according to its most recent filing with the SEC. A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Finally, Vertical Research lowered shares of Textron from a “buy” rating to a “hold” rating and cut their price objective for the company from $56.00 to $54.00 in a report on Friday, September 27th. The company's Textron Aviation segment manufactures and sells business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and commercial parts, as well as provides maintenance, inspection, and repair services.

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Topics:
  • Business
  • Financial