Textron (TXT) was Initiated by Morgan Stanley to “Underweight”. Morgan Stanley advised their investors in a research report released on Jun 23, 2016.
On the company’s financial health, Textron reported $0.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.52. The company had revenue of $3201.00 million for the quarter, compared to analysts expectations of $3153.95 million. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.
Textron closed down -0.32 points or -0.82% at $38.53 with 11,13,345 shares getting traded on Tuesday. Post opening the session at $38.85, the shares hit an intraday low of $38.52 and an intraday high of $38.88 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Nov 4, 2015, Cheryl H Johnson (Executive VP, Human Resources) sold 2,121 shares at $42.37 per share price.
Textron Inc. is a multi-industry company engaged in aircraft defense industrial and finance businesses to provide customers with products and services worldwide. It operates in five segments: Textron Aviation Bell Textron Systems Industrial and Finance. Textron Aviation manufactures sells and services Beechcraft and Cessna aircraft and services the Hawker brand of business jets. Bell Helicopter is a supplier of military and commercial helicopters tiltrotor aircraft and related spare parts and services in the world. Textron Systems product lines consist of unmanned aircraft systems marine and land systems weapons and sensors simulation training and other defense and aviation mission support products and services. The Industrial segment designs and manufactures a range of products under three principal product lines. The Finance segment provides financing primarily to purchasers of new and pre-owned Textron Aviation aircraft and Bell helicopters.