Textron Inc (NYSE:TXT) Short Interest Decreased By 9.79%

June 27, 2018 - By Noel Courtney

Textron Inc. (NYSE:TXT) Corporate Logo

Big Money Sentiment decreased to 0.83 in Q1 2018. It has change of 0.37, from 2017Q4’s 1.2. The ratio dived due to Textron Inc. positioning: 38 sold and 145 reduced. 42 funds took positions and 109 increased positions. Investors holded 215.83 million in 2017Q4 but now own 211.27 million shares or 2.11% less.
Moreover, Brandywine Mgmt Ltd Liability Co has 0.09% invested in Textron Inc. (NYSE:TXT). 33,023 were reported by Mutual Of America Capital Management Ltd. 10.49M were accumulated by State Street Corporation. Nbt Natl Bank N A stated it has 0.19% in Textron Inc. (NYSE:TXT). Howe And Rusling Inc holds 0% or 43 shs in its capital. Smith Moore & holds 0.06% of its capital in Textron Inc. (NYSE:TXT) for 3,500 shs. Gamco Investors Et Al reported 1.08% in Textron Inc. (NYSE:TXT). 600 are held by Endurance Wealth. Century has 0.18% invested in Textron Inc. (NYSE:TXT). Dorsey Whitney Com Lc invested 0.05% in Textron Inc. (NYSE:TXT). Scout Inc reported 533,591 shs or 0.76% of all its holdings. State Board Of Administration Of Florida Retirement Sys, a Florida-based fund reported 393,767 shs. First City Capital Mngmt Inc stated it has 12,415 shs. Public Sector Pension Investment Board accumulated 14,314 shs or 0.01% of the stock. Cornerstone Advsr Inc reported 0% stake.

Textron Inc. registered $17.66 million net activity with 0 buys and 2 selling transactions since April 27, 2018. On Friday, April 27 Shares for $5.04M were sold by Connor Frank T.

Textron Inc (NYSE:TXT) noted a decrease of 9.79% in short interest. It was issued in June by FINRA the 6.25M short interest on TXT. The down change of 9.79% from 6.93 million 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.

TXT is hitting $66.49 during the last trading session, after increased 0.76%.Textron Inc. has volume of 64,477 shares. Since June 27, 2017 TXT has risen 38.18% and is uptrending. TXT outperformed by 25.61% the S&P 500.

Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide.The company has $17.02 billion market cap. 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

In total 8 analysts cover Textron Inc (NYSE:TXT). “Buy” rating has 6, “Sell” are 0, while 2 are “Hold”. 75% are bullish. With $75 highest and $59 lowest target Textron Inc has $69.29 average target or 4.21% above the current ($66.49) price. 13 are the (NYSE:TXT)’s analyst reports since January 8, 2018 according to StockzIntelligence Inc. On Monday, April 16 the rating was maintained by Stephens with “Hold”. On Thursday, February 1 the stock of Textron Inc. (NYSE:TXT) earned “Equal-Weight” rating by Morgan Stanley. On Thursday, January 11 the firm has “Hold” rating given by Stephens. On Thursday, April 19 Barclays Capital maintained Textron Inc. (NYSE:TXT) with “Overweight” rating. On Monday, January 8 Jefferies maintained Textron Inc. (NYSE:TXT) rating. Jefferies has “Buy” rating and $68.0 target. The company rating was maintained by Wells Fargo on Thursday, April 19. On Thursday, April 19 the stock has “Buy” rating by Bank of America. The company rating was maintained by Wells Fargo on Tuesday, January 16. On Thursday, April 19 the rating was maintained by Robert W. Baird with “Outperform”. On Thursday, April 12 Morgan Stanley maintained Textron Inc. (NYSE:TXT) rating. Morgan Stanley has “Equal-Weight” rating and $59 target.

There’s a substantial Textron Inc. (NYSE:TXT) news posted by Bizjournals.com. It’s a report 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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