Textron(TXT)
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Here's Why Textron (TXT) is a Strong Growth Stock
Zacks Investment Research· 2024-02-22 15:51
Group 1: Zacks Style Scores Overview - Zacks Style Scores are complementary indicators that rate stocks based on value, growth, and momentum characteristics, helping investors identify stocks likely to outperform the market in the next 30 days [2][3] - Each stock is assigned a rating from A to F, with A indicating the highest potential for outperformance [2] - The Style Scores are categorized into Value Score, Growth Score, Momentum Score, and VGM Score, which combines all three styles [2][4] Group 2: Value Score - The Value Score identifies attractive and discounted stocks using ratios like P/E, PEG, Price/Sales, and Price/Cash Flow [2] Group 3: Growth Score - The Growth Score focuses on a company's financial strength and future outlook, analyzing projected and historical earnings, sales, and cash flow [3] Group 4: Momentum Score - The Momentum Score helps investors capitalize on upward or downward trends in stock prices or earnings outlook, utilizing one-week price changes and monthly earnings estimate changes [3] Group 5: VGM Score - The VGM Score combines Value, Growth, and Momentum Scores, serving as an important indicator alongside the Zacks Rank [4] Group 6: Zacks Rank and Stock Selection - The Zacks Rank is a proprietary stock-rating model that uses earnings estimate revisions to simplify portfolio building, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988 [5] - To maximize returns, investors should consider stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [6] Group 7: Company Spotlight - Textron Inc. (TXT) - Textron Inc. is a global multi-industry company known for manufacturing aircraft, automotive components, and industrial tools, with recognizable brands like Bell Helicopter and Cessna Aircraft [7] - TXT holds a 1 (Strong Buy) rating on the Zacks Rank and has a VGM Score of A, indicating strong potential for growth [7] - The company is forecasted to achieve year-over-year earnings growth of 9.7% for the current fiscal year, with an upward revision of earnings estimates by five analysts in the last 60 days [8]
Textron Declares Quarterly Dividend
Businesswire· 2024-02-21 17:28
Core Points - Textron Inc. declared a quarterly dividend of $0.02 per share on its Common Stock [1] - The dividend will be paid on April 1, 2024, to shareholders of record as of March 15, 2024 [1] Company Overview - Textron Inc. is a multi-industry company that operates in aircraft, defense, industrial, and finance sectors [2] - The company is recognized globally for its strong brands, including Bell, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, and Textron Systems [2] - Textron aims to provide innovative solutions and services to its customers through its extensive global network [2]
Textron Aviation's Cessna Skycourier Chosen by Hinterland Aviation for Fleet Expansion, Revolutionizing Regional Connectivity in Australia
Businesswire· 2024-02-19 01:00
WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation today announced a purchase agreement for the first Cessna SkyCourier passenger variant in Australia to regional airline Hinterland Aviation. The aircraft, expected to deliver in 2026, will add to Hinterland’s expansive fleet of Cessna Grand Caravans to provide a greater payload capacity and increased passenger seating. This fleet expansion will greatly benefit remote communities, as well as the tourism and business sectors in Queensland. The Cessna SkyCour ...
Cessna Grand Caravan EX Amphibian extends reach in Southeast Asia with delivery in Malaysia
Businesswire· 2024-02-18 00:00
WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation today announced the delivery of a new Cessna Grand Caravan EX Amphibian turboprop to Malaysian property developer, Ikhasas Sdn Bhd, via its subsidiary company Oriental Sky Sdn Bhd. The aircraft, to be managed and operated by local charter operator Systematic Aviation Services (SAS), will be used for passenger transport between the capital city of Kuala Lumpur and a new waterfront resort on Perhentian islands, off the northern east coast of Malaysia. This will ...
TRU Simulation celebrates 10 years of innovation in flight simulation
Businesswire· 2024-02-15 21:17
TAMPA, Fla.--(BUSINESS WIRE)--TRU Simulation + Training today revealed that as it marks a decade of success in the aviation simulation industry, the company is rebranding to simply “TRU Simulation.” The new brand and logo reflect TRU’s shift away from providing pilot training experiences to a more targeted focus on designing, manufacturing and maintaining state-of-the-art, high-fidelity flight simulators to address the vital need for accurate and true-to-life pilot training tools. TRU Simulation Inc., an ...
Textron(TXT) - 2023 Q4 - Annual Report
2024-02-11 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 1-5480 Textron Inc. (Exact name of registrant as specified in its charter) Delaware 05-0315468 (State or other jurisdiction of i ...
Why Textron (TXT) is a Top Growth Stock for the Long-Term
Zacks Investment Research· 2024-02-02 15:46
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?The Zac ...
Why Textron (TXT) is a Top Momentum Stock for the Long-Term
Zacks Investment Research· 2024-01-31 15:51
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium includes access to the Zacks Style Sc ...
This Top Aerospace Stock is a #1 (Strong Buy): Why It Should Be on Your Radar
Zacks Investment Research· 2024-01-30 15:00
Building a successful investment portfolio takes skill and hard work, no matter if you're a growth, value, income, or momentum-focused investor.But what's the best way to find the right combination of stocks? Because funding things like your retirement, your kids' college tuition, or your short- and long-term savings goals will definitely require significant returns.Enter the Zacks Rank.What is the Zacks Rank?The Zacks Rank, which is a unique, proprietary stock-rating model, employs earnings estimate revisi ...
What makes Textron a must-own aerospace stock for 2024?
MarketBeat· 2024-01-26 15:49
Key PointsShares have been rallying since 2020 and set a record high this week. Textron's outlook for 2024 is exceedingly bright, and expectations are high. Everything is in place now for further gains and record closes. 5 stocks we like better than Lockheed MartinA 9% jump during Wednesday's session made Textron Inc. NYSE: TXT one of the best-performing equities on the market. This latest jump in share price for the Rhode Island-based aerospace company confirms that the multi-year rally, which started in 2 ...