The latest trading session saw Textron (TXT) ending at $96.31, denoting a -0.69% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 0.15%. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, added 0.32%.Prior to today's trading, shares of the maker of Cessna small planes and Bell helicopters had gained 5.63% over the past month. This has outpaced the Aerospace sector's loss of 3.76% and the S&P 500's gain of 1.65% in that time.Market participant ...

Shares of Textron (TXT) have been strong performers lately, with the stock up 5.6% over the past month. The stock hit a new 52-week high of $97.34 in the previous session. Textron has gained 20.6% since the start of the year compared to the -5.1% move for the Zacks Aerospace sector and the -9.4% return for the Zacks Aerospace - Defense industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of t ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Textron (TXT) , which belongs to the Zacks Aerospace - Defense industry, could be a great candidate to consider.When looking at the last two reports, this maker of Cessna small planes and Bell helicopters has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 10.95%, on average, in the last two quarters.For t ...

Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. Has Textron (TXT) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Aerospace peers, we might be able to answer that question.Textron is a member of the Aerospace sector. This group includes 46 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank considers 16 different sector groups. The average ...

Textron Inc. (TXT) , with a strong backlog and rising earnings estimates, offers a great investment opportunity in the Aerospace Defense sector.Let’s focus on the reasons that make this Zacks Rank #2 (Buy) stock a promising investment pick at the moment.Growth Projections & Surprise HistoryThe Zacks Consensus Estimate for TXT’s 2024 earnings per share (EPS) has increased 8.66% to $6.27 per share in the past 60 days. The Zacks Consensus Estimate for Textron’s total revenues for 2024 stands at $14.64 billion, ...

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 ...

WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation today announced the award of a contract by the U.S. Army Contracting Command, Redstone Arsenal, AL, for two Cessna Grand Caravan EX turboprop aircraft. The aircraft will be owned and operated by the Djiboutian Air Force (DAF). This acquisition is the third delivery order under a recently established indefinite delivery, indefinite quantity (IDIQ) contract that allows up to $100 million U.S. dollars for the acquisition of Textron Aviation aircraft over a five- ...

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