Textron Inc (NYSE:TXT) Sellers Declined Their Shorts By 9.79%

June 27, 2018 - By Bridget Boland

Textron Inc. (NYSE:TXT) Corporate Logo

During 2018 Q1 the big money sentiment decreased to 0.83. That’s change of 0.37, from 2017Q4’s 1.2. 38 investors sold all, 145 reduced holdings as Textron Inc. ratio dived. 109 rose holdings while 42 funds acquired holdings. Funds hold 211.27 million shares thus 2.11% less from 2017Q4’s 215.83 million shares.
Moreover, Bessemer Group has 0% invested in Textron Inc. (NYSE:TXT) for 1,648 shs. Prelude Mgmt Lc has invested 0% in Textron Inc. (NYSE:TXT). Great West Life Assurance Com Can holds 0.03% or 229,836 shs in its capital. California-based Utd Cap Financial Advisers Ltd Co has invested 0% in Textron Inc. (NYSE:TXT). Laurion Capital Mngmt Limited Partnership, a New York-based fund reported 109,294 shs. United Service Automobile Association has invested 0.01% of its capital in Textron Inc. (NYSE:TXT). James, Ohio-based fund reported 180,152 shs. 606 are owned by Guardian Life Insur Of America. Moreover, Renaissance Technologies Limited Co has 0.06% invested in Textron Inc. (NYSE:TXT). First Allied Advisory Service invested in 12,063 shs. Alliancebernstein L P has 422,313 shs for 0.02% of their capital. Geode Capital Mngmt Lc reported 2.93M shs stake. Bluecrest Cap Limited stated it has 0.02% of its capital in Textron Inc. (NYSE:TXT). Moreover, New York State Teachers Retirement Systems has 0.06% invested in Textron Inc. (NYSE:TXT). 23,424 were accumulated by Commonwealth Of Pennsylvania Pub School Empls Retrmt System.

Textron Inc. registered $17.66 million net activity with 0 buys and 2 sales since April 27, 2018. 200,400 shs were sold by DONNELLY SCOTT C, worth $12.62 million on Friday, April 27.

Textron Inc (NYSE:TXT) recorded a decrease of 9.79% in shorted shares. It was issued in June by FINRA the 6.25 million shorted shares on TXT. The down change of 9.79% from 6.93M shares was reported. With Average volume 2.82M, TXT’s previous position will take 2 days to recover. 2.38% is Textron Inc float short.

The stock increased 0.76% or $0.5 during the last trading session, touching $66.49.Currently Textron Inc. is uptrending after 38.18% change in last June 27, 2017. TXT has 64,477 shares volume. TXT outperformed the S&P500 by 25.61%.

Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide.The firm is valued at $17.02 billion. It operates through five divisions: Textron Aviation, Bell, Textron Systems, Industrial, and Finance.The P/E ratio is 58.12. 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

Total analysts of 8 have positions in Textron Inc (NYSE:TXT) as follows: 6 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 75%. The firm has $75 highest while $59 is the lowest PT. The average target $69.29 is 4.21% above the last ($66.49) price. Since January 8, 2018 according to StockzIntelligence Inc Textron Inc has 13 analyst reports. In Thursday, April 19 report Barclays Capital maintained the stock with “Overweight” rating. On Sunday, February 4 Jefferies maintained Textron Inc. (NYSE:TXT) rating. Jefferies has “Buy” rating and $74.0 target. On Monday, January 8 Jefferies maintained Textron Inc. (NYSE:TXT) with “Buy” rating. On Thursday, January 11 Stephens maintained Textron Inc. (NYSE:TXT) with “Hold” rating. On Thursday, April 19 Bank of America upgraded Textron Inc. (NYSE:TXT) to “Buy” rating. On Thursday, April 19 the firm has “Outperform” rating given by Robert W. Baird. On Thursday, February 1 the firm earned “Equal-Weight” rating by Morgan Stanley. On Tuesday, April 10 the firm earned “Buy” rating by Citigroup. In Thursday, April 19 report Wells Fargo maintained it with “Buy” rating and $7200 target. On Thursday, April 12 the stock of Textron Inc. (NYSE:TXT) has “Equal-Weight” rating given by Morgan Stanley.

There’s a significant Textron Inc. (NYSE:TXT) news released by Bizjournals.com. It’s an item titled: “Report: Textron Aviation ending production of Cessna Citation X+” on June 26, 2018.

Textron Inc. (NYSE:TXT) Institutional Investors Chart

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