Could Textron Inc. (TXT) See a Reversal After Breaking Its 1 Year Low?

Textron Inc. (NYSE:TXT) Logo

Investors sentiment increased to 1.05 in 2019 Q1. Its up 0.28, from 0.77 in 2018Q4. It is positive, as 33 investors sold Textron Inc. shares while 141 reduced holdings. 50 funds opened positions while 132 raised stakes. 189.86 million shares or 1.63% less from 193.01 million shares in 2018Q4 were reported.
Chevy Chase Holdings reported 195,693 shares. Amundi Pioneer Asset Mgmt reported 0.01% of its portfolio in Textron Inc. (NYSE:TXT). Prelude Capital Limited Liability has invested 0.01% in Textron Inc. (NYSE:TXT). 21,550 were accumulated by Guardian. Hsbc Hldgs Public Ltd Liability Co reported 177,665 shares or 0.02% of all its holdings. Utah Retirement Sys owns 45,930 shares. 8,610 are held by Blue Capital. Gemmer Asset Mngmt Limited Liability Co holds 293 shares or 0% of its portfolio. First Republic Mngmt owns 10,211 shares. California Employees Retirement Systems invested 0.04% in Textron Inc. (NYSE:TXT). Reilly Financial Llc stated it has 0% of its portfolio in Textron Inc. (NYSE:TXT). Renaissance Technology Limited Liability Co has 617,800 shares. Gideon Capital Advisors Incorporated owns 51,196 shares. Louisiana State Employees Retirement Sys owns 12,400 shares or 0.03% of their US portfolio. Gabelli Funds Llc has 1.21 million shares.

The stock of Textron Inc. (NYSE:TXT) hit a new 52-week low and has $39.76 target or 8.00 % below today’s $43.22 share price. The 6 months bearish chart indicates high risk for the $9.95B company. The 1-year low was reported on Aug, 14 by Barchart.com. If the $39.76 price target is reached, the company will be worth $795.60 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 4.79% or $2.17 during the last trading session, reaching $43.22. About 1.25M shares traded. Textron Inc. (NYSE:TXT) has declined 26.02% since August 14, 2018 and is downtrending. It has underperformed by 26.02% the S&P500.

Analysts await Textron Inc. (NYSE:TXT) to report earnings on October, 17. They expect $0.86 EPS, up 40.98 % or $0.25 from last year’s $0.61 per share. TXT’s profit will be $197.89M for 12.56 P/E if the $0.86 EPS becomes a reality. After $0.93 actual EPS reported by Textron Inc. for the previous quarter, Wall Street now forecasts -7.53 % negative EPS growth.

More notable recent Textron Inc. (NYSE:TXT) news were published by: Seekingalpha.com which released: “Textron Q2 2019 Earnings Preview – Seeking Alpha” on July 16, 2019, also Seekingalpha.com with their article: “Textron Inc. 2019 Q2 – Results – Earnings Call Slides – Seeking Alpha” published on July 17, 2019, Fool.com published: “Here’s Why Shares of Textron Soared Higher on Wednesday – Motley Fool” on April 17, 2019. More interesting news about Textron Inc. (NYSE:TXT) were released by: Fool.com and their article: “Textron Trips on Weak Aerospace Sales – Motley Fool” published on July 24, 2019 as well as Bizjournals.com‘s news article titled: “Textron Aviation clears FAA hurdle toward Longitude certification – Wichita Business Journal” with publication date: August 14, 2019.

Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. The company has market cap of $9.95 billion. It operates through five divisions: Textron Aviation, Bell, Textron Systems, Industrial, and Finance. It has a 8.62 P/E ratio. The Textron Aviation segment makes and sells business jets, turboprop aircraft, piston engine aircraft, and military trainer and defense aircraft; and commercial parts, as well as provides maintenance, inspection, and repair services.

Textron Inc. (NYSE:TXT) Institutional Positions Chart

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