Will Segment Sales Boost Textron's (TXT) Q2 Earnings?
Textron's (TXT) Q2 results are likely to gain from its solid performance in the majority of its business segments, driven by higher sales volumes.
Should You Pick Textron Over Lockheed Martin Stock?
We believe that Textron stock is currently a better pick than its industry peer – Lockheed Martin stock (NYSE: LMT), given its better valuation and robust prospects. LMT stock trades at a higher multiple of 18x forward expected earnings, versus 14x for TXT, and we think this gap in valuation will narrow in favor of Textron.
Textron Stock: 4 Reasons To Stay Bullish Into The Second Half Of 2024
Earnings momentum has lifted shares of Textron higher over the past year. We preview the company's upcoming Q2 report. Several tailwinds support a bullish outlook for the stock.
Here's Why Textron (TXT) is a Strong Momentum Stock
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Textron (TXT) Secures a Contract to Aid T-6C Training Aircraft
Textron (TXT) is set to exercise options for the procurement of support and supply of an additional three T-6C aircraft.
Textron (TXT) Reveals Enhanced Features for Cessna Citation Jets
Textron (TXT) announces advanced Garmin G5000 feature enhancement in its Cessna Citation Latitude and Citation Longitude business jets.
Factbox-What we know about the crashed helicopter carrying Iran's president
(Reuters) - A Bell 212 helicopter carrying Iran's president and foreign minister crashed on Sunday, according to Iranian state media, as it flew through mountains in heavy fog. All are feared dead, an Iranian official said on Monday as search teams located the wreckage. The civilian version of the ubiquitous Vietnam War-era UH-1N "Twin Huey," they are in wide use globally by both governments and private operators:WHAT ARE THE HELICOPTER'S ORIGINS? Bell Helicopter (now Bell Textron, a division of Textron Inc) developed the aircraft for the Canadian military in the late 1960s as an upgrade of the original UH-1 Iroquois. The new design used two turboshaft engines instead of one, giving it greater carrying capacity. The helicopter was introduced in 1971 and quickly adopted by both the United States and Canada, according to U.S. military training documents.WHAT ARE ITS USES? As a utility helicopter - the UH in its military designation represents those words - the Bell 212 is meant to be adaptable to all sorts of situations, including carrying people, deploying aerial firefighting gear, ferrying cargo and mounting weapons. The Iranian model that crashed on Sunday was configured to carry government passengers. Bell Helicopter advertises the latest version, the Subaru Bell 412, for police use, medical transport, troop transport, the energy industry and firefighting. According to its type certification documents with the European Union Aviation Safety Agency, it can carry 15 people, including the crew.WHICH ORGANISATIONS OPERATE THE HELICOPTER? Non-military organisations that fly the Bell 212 include Japan's Coast Guard; law enforcement agencies and fire departments in the United States; Thailand's national police; and many others. It is not clear how many Iran's government operates, but its air force and navy have a total of 10, according to FlightGlobal's 2024 World Air Forces directory.HAVE THERE BEEN OTHER INCIDENTS INVOLVING THE BELL 212? The most recent fatal crash of a Bell 212 was in September 2023, when a privately operated aircraft crashed off the coast of the United Arab Emirates, according to the Flight Safety Foundation, a non-profit focusing on aviation safety. The most recent Iranian crash of the type was in 2018, killing four people, according to the organisation's database. (Reporting by Gerry Doyle; Editing by Neil Fullick) By Gerry Doyle
Foundations Investment Advisors LLC Takes Position in Textron Inc. (NYSE:TXT)
Foundations Investment Advisors LLC acquired a new position in Textron Inc. (NYSE:TXT – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,560 shares of the aerospace company’s stock, valued at approximately $220,000. A number of other institutional investors have also recently added to or reduced their stakes in TXT. Adage Capital Partners GP L.L.C. lifted its stake in shares of Textron by 93.7% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,474,191 shares of the aerospace company’s stock valued at $115,193,000 after purchasing an additional 713,169 shares during the last quarter. Swiss National Bank bought a new position in Textron in the 3rd quarter worth approximately $50,696,000. JPMorgan Chase & Co. lifted its holdings in shares of Textron by 11.6% during the third quarter. JPMorgan Chase & Co. now owns 5,745,108 shares of the aerospace company’s stock worth $448,923,000 after buying an additional 596,214 shares during the last quarter. LSV Asset Management boosted its position in shares of Textron by 15.9% in the fourth quarter. LSV Asset Management now owns 3,793,047 shares of the aerospace company’s stock valued at $305,037,000 after acquiring an additional 521,276 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in shares of Textron in the fourth quarter worth $394,347,000. 86.03% of the stock is currently owned by institutional investors and hedge funds. Textron Trading Up 1.9 % TXT opened at $89.17 on Monday. Textron Inc. has a 1-year low of $61.27 and a 1-year high of $97.33. The stock has a market capitalization of $17.00 billion, a PE ratio of 19.05, a PEG ratio of 1.41 and a beta of 1.32. The company has a current ratio of 1.81, a quick ratio of 0.84 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $91.84 and a two-hundred day moving average price of $85.02. Textron (NYSE:TXT – Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.08). The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.29 billion. Textron had a net margin of 6.75% and a return on equity of 16.30%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company earned $1.05 EPS. As a group, equities analysts anticipate that Textron Inc. will post 6.27 earnings per share for the current fiscal year. Textron Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. The ex-dividend date is Friday, June 14th. Textron’s payout ratio is 1.71%. Wall Street Analyst Weigh In Several equities analysts recently commented on the stock. Susquehanna cut their target price on shares of Textron from $110.00 to $105.00 and set a “positive” rating for the company in a research note on Friday, April 26th. Bank of America raised shares of Textron from a “neutral” rating to a “buy” rating and boosted their price target for the company from $85.00 to $105.00 in a report on Friday, March 8th. Citigroup lifted their price objective on Textron from $104.00 to $111.00 and gave the company a “buy” rating in a report on Thursday, April 4th. The Goldman Sachs Group upped their price target on Textron from $103.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, StockNews.com cut Textron from a “strong-buy” rating to a “buy” rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.63. View Our Latest Research Report on Textron Insider Activity In related news, Director Kathleen M. Bader sold 11,870 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $87.91, for a total value of $1,043,491.70. Following the completion of the sale, the director now owns 3,756 shares in the company, valued at $330,189.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is currently owned by company insiders. Textron Company Profile (Free Report) Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts.
