Textron Inc (NYSE:TXT) Shorts Reduced By 9.25% As Of May 3, 2018

May 3, 2018 - By Lena Young

Textron Inc. (NYSE:TXT) Corporate Logo

During 2017 Q4 the big money sentiment increased to 1.2. That’s change of 0.05, from 2017Q3’s 1.15. 25 investors sold all, 117 reduced holdings as Textron Inc. ratio is positive. 129 increased positions while 41 funds bought positions. Funds hold 215.83 million shares thus 0.61% more from 2017Q3’s 214.52 million shares.
Bessemer Gru Inc has invested 0% in Textron Inc. (NYSE:TXT). Panagora Asset Mngmt holds 35,199 shs. Citigroup Inc reported 0.01% in Textron Inc. (NYSE:TXT). State Street stated it has 11.25 million shs. Guggenheim Capital Limited Liability Co holds 731,752 shs or 0.1% of its capital. Tradewinds Cap Limited Liability invested 0.02% in Textron Inc. (NYSE:TXT). Asset Management One owns 431,353 shs or 0.05% of their US capital. Principal Fin Group Incorporated owns 0.02% invested in Textron Inc. (NYSE:TXT) for 407,356 shs. Allsquare Wealth Mgmt Lc reported 0.01% in Textron Inc. (NYSE:TXT). Farmers Merchants Investments reported 0% of its capital in Textron Inc. (NYSE:TXT). Integral Derivatives Ltd Company invested in 3,907 shs. Neuberger Berman Group Limited Company owns 0.28% invested in Textron Inc. (NYSE:TXT) for 4.35 million shs. New England Rech & Mngmt owns 6,050 shs or 0.24% of their US capital. Thompson Siegel Walmsley Ltd Llc invested 0% of its capital in Textron Inc. (NYSE:TXT). New York-based Guardian Life Of America has invested 0.01% in Textron Inc. (NYSE:TXT).

Textron Inc. had 2 insider sales and 0 insider purchases since April 27, 2018. This’s net activity of $17.66 million. DONNELLY SCOTT C sold $12.62M worth of stock.

Textron Inc (NYSE:TXT) had a decrease of its shorted shares by 9.25%. FINRA published in May TXT’s total 6.76M shorted shares. The 7.45M previous shares are down with 9.25%. Former TXT’s position will need 5 days to restore. It has 1.46M average volume. 2.57% is Textron Inc float short.

TXT is hitting $62.44 during the last trading session, after increased 0.55%.Textron Inc. is uptrending after having risen 23.92% since May 3, 2017. TXT has 2.68M volume or 39.37% up from normal. TXT outperformed the S&P500 by 12.37%.

Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide.The firm is valued at $15.99 billion. It operates through five divisions: Textron Aviation, Bell, Textron Systems, Industrial, and Finance.54.58 is the 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

In total 8 analysts cover Textron Inc (NYSE:TXT). “Buy” rating has 6, “Sell” are 0, while 2 are “Hold”. (NYSE:TXT) has 75% bullish analysts. With $75 highest and $56.0 lowest target, Textron Inc has $69.29 average target or 10.97% above the current ($62.44) price. 14 are the (NYSE:TXT)’s ratings reports on May 3, 2018 according to StockzIntelligence Inc. On Monday, January 8 the firm earned “Buy” rating by Jefferies. On Thursday, April 19 the rating was maintained by Barclays Capital with “Overweight”. In Monday, April 16 report Stephens maintained it with “Hold” rating and $6600 target. On Tuesday, January 16 Wells Fargo maintained the shares of TXT in report with “Buy” rating. In Thursday, January 11 report Stephens maintained the stock with “Hold” rating. On Tuesday, April 10 Citigroup maintained the shares of TXT in report with “Buy” rating. On Sunday, February 4 the stock of Textron Inc. (NYSE:TXT) has “Buy” rating given by Jefferies. The stock rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, April 12. The stock rating was upgraded by Bank of America to “Buy” on Thursday, April 19. On Thursday, April 19 the firm has “Buy” rating given by Wells Fargo.

Textron Inc. (NYSE:TXT) Institutional Investors Chart

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