Textron Inc (NYSE:TXT) Sentiment Up in Q1 2019

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Sentiment for Textron Inc (NYSE:TXT)

Textron Inc (NYSE:TXT) institutional sentiment increased to 1.05 in 2019 Q1. Its up 0.28, from 0.77 in 2018Q4. The ratio has increased, as 182 hedge funds increased or started new stock positions, while 174 decreased and sold their positions in Textron Inc. The hedge funds in our partner’s database now possess: 189.86 million shares, down from 193.01 million shares in 2018Q4. Also, the number of hedge funds holding Textron Inc in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 33 Reduced: 141 Increased: 132 New Position: 50.

Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. The company has market cap of $9.95 billion. It operates through five divisions: Textron Aviation, Bell, Textron Systems, Industrial, and Finance. It has a 8.62 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.

The stock decreased 4.79% or $2.17 during the last trading session, reaching $43.22. About 860,824 shares traded. Textron Inc. (NYSE:TXT) has declined 26.02% since August 14, 2018 and is downtrending. It has underperformed by 26.02% the S&P500.

Analysts await Textron Inc. (NYSE:TXT) to report earnings on October, 17. They expect $0.86 earnings per share, up 40.98 % or $0.25 from last year’s $0.61 per share. TXT’s profit will be $197.89 million for 12.56 P/E if the $0.86 EPS becomes a reality. After $0.93 actual earnings per share reported by Textron Inc. for the previous quarter, Wall Street now forecasts -7.53 % negative EPS growth.

Trinity Street Asset Management Llp holds 5.57% of its portfolio in Textron Inc. for 544,841 shares. Mrj Capital Inc owns 83,797 shares or 2.55% of their US portfolio. Moreover, Northcoast Asset Management Llc has 1.37% invested in the company for 414,361 shares. The Cayman Islands-based Quantres Asset Management Ltd has invested 1.17% in the stock. Tcw Group Inc, a California-based fund reported 2.18 million shares.

More notable recent Textron Inc. (NYSE:TXT) news were published by: Businesswire.com which released: “Hayward Industries Names Kevin Holleran as President and CEO – Business Wire” on August 12, 2019, also Finance.Yahoo.com with their article: “A Closer Look At Textron Inc.’s (NYSE:TXT) Impressive ROE – Yahoo Finance” published on June 06, 2019, Fool.com published: “U.S. Army Spends $100 Million to Pick a New Drone – Motley Fool” on August 11, 2019. More interesting news about Textron Inc. (NYSE:TXT) were released by: Finance.Yahoo.com and their article: “Textron Inc (TXT) Q2 2019 Earnings Call Transcript – Yahoo Finance” published on July 17, 2019 as well as Finance.Yahoo.com‘s news article titled: “Textron, Inc. to Host Earnings Call – Yahoo Finance” with publication date: July 17, 2019.

Textron Inc. (NYSE:TXT) Institutional Positions Chart

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