Have you been paying attention to shares of Textron (TXT) ? Shares have been on the move with the stock up 8.7% over the past month. The stock hit a new 52-week high of $93.71 in the previous session. Textron has gained 15.8% since the start of the year compared to the -2% move for the Zacks Aerospace sector and the -4.6% return for the Zacks Aerospace - Defense industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus ...

Textron Inc.’s (TXT) business unit, Textron Aviation, recently secured an award for the delivery of two Cessna Grand Caravan EX turboprop aircraft. The award has been offered by the U.S. Army Contracting Command, Redstone Arsenal, AL.The aircraft will be owned and operated by the Djiboutian Air Force.What’s Favoring Textron?Nations are reinforcing their military capabilities to strengthen their defense structure in a growing threat environment and aircraft operators are planning network expansions. In this ...

Textron Inc.’s (TXT) business unit, Bell, recently secured a contract involving the AH-1Z helicopters. The award has been offered by the Naval Air Systems Command Patuxent River, MD.Details of the DealValued at $455 million, the contract is expected to be completed by July 2028. Per the terms of the deal, TXT’s Bell unit will manufacture and supply 12 AH-1Z helicopters to the government of Nigeria. Along with this, it will also provide associated engineering, program management and logistics support, and no ...

Group 1 - Textron Aviation has been awarded a contract by the U.S. Army for two Cessna Grand Caravan EX turboprop aircraft, which will be operated by the Djiboutian Air Force [1][2] - This acquisition is part of a larger indefinite delivery, indefinite quantity (IDIQ) contract that allows for up to $100 million in aircraft acquisitions over five years [1][2] - The Cessna Grand Caravan EX is designed for various missions, including Intelligence, Surveillance, and Reconnaissance, and has a proven track record with over 3,000 aircraft delivered globally [3][4] Group 2 - The Cessna Grand Caravan EX features 867 horsepower and a climb rate of 1,275 feet per minute, making it suitable for diverse operational needs [3] - The IDIQ contract facilitates rapid procurement of Commercial off the Shelf (COTS) aircraft for U.S. allies, enhancing national security and foreign policy interests [2] - Textron Aviation's products are recognized for their quality, versatility, and low operating costs, making them a preferred choice for special missions [4][5] Group 3 - Textron Aviation has a comprehensive aviation product portfolio, including business jets, turboprops, and military trainers, serving customers in over 170 countries [5][7] - The company has a legacy of over 95 years in the aviation industry, emphasizing performance, reliability, and customer service [5][7]

Core Insights - Zacks Premium provides tools for investors to enhance their stock market engagement and confidence through various research services [1] - The Zacks Style Scores categorize stocks based on value, growth, and momentum characteristics, aiding investors in selecting stocks with high potential for market outperformance [2][3] Zacks Style Scores - **Value Score**: Identifies attractive and discounted stocks using ratios like P/E, PEG, and Price/Sales [2] - **Growth Score**: Focuses on a company's financial strength and future outlook, analyzing projected and historical earnings, sales, and cash flow [2] - **Momentum Score**: Assists in timing stock purchases based on price trends and earnings estimate changes [2] - **VGM Score**: Combines all three Style Scores to highlight stocks with the best value, growth, and momentum [3] Zacks Rank and Style Scores Interaction - The Zacks Rank utilizes earnings estimate revisions to help investors build successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988 [4] - To maximize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [5] Company Spotlight: Textron Inc. (TXT) - Textron is a global multi-industry company known for manufacturing aircraft, automotive components, and industrial tools, with notable brands like Bell Helicopter and Cessna [6] - TXT holds a 1 (Strong Buy) rating on the Zacks Rank and has a VGM Score of B, indicating strong investment potential [6] - The company has seen six analysts raise their earnings estimates for fiscal 2024, with the Zacks Consensus Estimate increasing by $0.50 to $6.27 per share, and an average earnings surprise of 13.5% [7]

WASHINGTON, DC - OCTOBER 11: A Bell Textron Inc. display is seen at the Association of the U.S. Army ... [+] (AUSA) Annual Meeting's exposition hall at the Walter E. Washington Convention Center on October 11, 2023 in Washington, DC. The Association of the U.S. Army’s Annual Meeting is designed to highlight the Army’s message by providing informative and relevant presentations on the State-of-the-Army, panel discussions and seminars on military and national security subjects and networking events. (Photo by ...

Core Viewpoint - Textron (TXT) has shown strong stock performance, with a 3.8% increase over the past month and a 10.8% gain since the start of the year, outperforming the Zacks Aerospace sector and the Aerospace - Defense industry [1][2]. Financial Performance - Textron reported an EPS of $1.6 in its last earnings report, exceeding the consensus estimate of $1.53, although it missed the revenue estimate by 0.65% [2]. - For the current fiscal year, Textron is projected to achieve earnings of $6.15 per share on revenues of $14.64 billion, reflecting a 10.02% increase in EPS and a 7% increase in revenues [2]. - The next fiscal year forecasts earnings of $6.99 per share on $15.6 billion in revenues, indicating a year-over-year change of 13.63% in EPS and 6.57% in revenues [2]. Valuation Metrics - Textron's current valuation metrics show it trading at 14.5X current fiscal year EPS estimates, below the peer industry average of 17.8X [4]. - On a trailing cash flow basis, Textron trades at 11.5X compared to the peer group's average of 12.3X, with a PEG ratio of 1.23 [4]. Zacks Rank - Textron holds a Zacks Rank of 1 (Strong Buy) due to rising earnings estimates, aligning with the recommendation for investors to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [5]. Industry Comparison - The Aerospace - Defense industry is performing well, ranking in the top 35% of all industries, providing favorable conditions for both Textron and its peer, Leidos Holdings, Inc. (LDOS) [6]. - Leidos Holdings, Inc. has a Zacks Rank of 2 (Buy) and has shown strong earnings performance, beating consensus estimates by 15.03% [6].

TAMPA, Fla.--(BUSINESS WIRE)--TRU Simulation announced today the company has been awarded the Multi-Engine Training System (METS) Ground Based Training System (GBTS) contract by Naval Air Warfare Center – Training Systems Division (NAWCTSD). The contract base award is for three Unit Training Device (UTD) simulators in a King Air 260 standard configuration, one Operational Flight Trainer (OFT) simulator in the METS T-54A configuration, one Simulator Support Station (SSS) in the METS T-54A configuration and 2 ...

Core Viewpoint - TRU Simulation has launched the Veris™ Virtual Reality Flight Simulator, designed to provide a cost-effective and innovative solution for pilot training, particularly for helicopter and fixed-wing model customers [1][2] Company Overview - TRU Simulation + Training Inc. is an affiliate of Textron Aviation Inc., specializing in high-fidelity training devices and full-motion simulators for both civil and defense sectors [1][6] - The company has been a leader in flight simulation technology for over a decade, focusing on delivering safe and realistic training experiences [7] Product Features - The Veris simulator features a clean-sheet design that combines full flight simulator capabilities with immersive virtual reality technology [1][2] - It includes a fully electric six degrees-of-freedom motion base, TRU's REALFeel control loading system, tactile cockpit panels, and a VR headset for an immersive experience [3][4] - The simulator is designed to meet FAA flight training device level 7 and EASA flight training device level 3 standards, with certification activities currently in process [2] Launch and Collaboration - Bell Training Academy has been named the launch customer for the Veris simulator, which will be used for training on the Bell 505 helicopter [1][3] - The collaboration aims to provide advanced training solutions to the growing customer base of the Bell 505 [3] Technological Advancements - The Veris simulator incorporates state-of-the-art components, including a new Image Generator powered by Unreal Engine®, custom modeled airports, and a digital electric control loading system [4] - The simulator is designed to accommodate multiple rotorcraft and fixed-wing aircraft types, enhancing its versatility [4]

Core Insights - The article emphasizes the importance of utilizing Zacks Premium and its various tools to enhance investment confidence and market advantage [1] Zacks Style Scores - Zacks Style Scores provide a rating system for stocks based on value, growth, and momentum characteristics, helping investors identify securities likely to outperform the market in the short term [2] - Each stock is rated from A to F, with A indicating the highest potential for outperformance [2] Value Score - The Value Style Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [2] Growth Score - The Growth Style Score assesses a company's financial health and future outlook by analyzing projected and historical earnings, sales, and cash flow [3] Momentum Score - The Momentum Style Score helps investors capitalize on price trends by evaluating recent price changes and earnings estimate revisions [3] VGM Score - The VGM Score combines the Value, Growth, and Momentum Scores, providing a comprehensive indicator for stock selection [4] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to identify stocks with strong potential, with 1 (Strong Buy) stocks historically yielding an average annual return of +25.41% since 1988 [5] - There are typically over 800 top-rated stocks available, making selection challenging for investors [5] Stock Highlight: Textron (TXT) - Textron Inc. is a diversified global company involved in manufacturing aircraft, automotive components, and industrial tools, known for brands like Bell Helicopter and Cessna [7] - TXT holds a 1 (Strong Buy) rating on the Zacks Rank and has a VGM Score of A, indicating strong investment potential [7] - The company has a Value Style Score of B, supported by a forward P/E ratio of 13.92, making it attractive to value investors [7] - Recent analyst revisions have increased TXT's earnings estimate for fiscal 2024 by $0.35 to $6.13 per share, with an average earnings surprise of 13.5% [8]