Core Viewpoint - Textron Inc. (TXT) presents a strong investment opportunity in the Aerospace Defense sector, supported by a robust backlog and increasing earnings estimates [1] Growth Projections & Surprise History - The Zacks Consensus Estimate for TXT's 2024 earnings per share (EPS) has risen by 8.66% to $6.27 per share over the past 60 days [2] - The total revenue estimate for Textron in 2024 is $14.64 billion, reflecting a year-over-year growth of 6.99% [2] - The company's earnings growth over the next three to five years is projected at 10.12%, with an average earnings surprise of 13.53% in the last four quarters [2] Return on Equity - Textron's return on equity (ROE) stands at 16.05%, significantly higher than the industry average of 10.51%, indicating more efficient use of funds compared to peers [3] Rising Backlog and Capital Expenditure - Textron's backlog reached $14 billion at the end of Q4 2023, with the Aviation segment contributing $7.2 billion, an increase of $782 million from the previous year [4] - The company plans a capital expenditure of $425 million for 2024, up 5.7% from $402 million in 2023 [4] Solvency and Liquidity Ratio - The times interest earned (TIE) ratio for Textron at the end of Q4 2023 was 15.1, indicating strong capability to meet interest obligations [5] - The current ratio was 1.92, suggesting the company can comfortably meet its short-term liabilities [5] Price Performance - Over the past three months, TXT shares have increased by 16.4%, contrasting with an average decline of 6.7% in the industry [6]

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]