Major Move Is Coming For Textron Inc. After Bullish Options Activity

 Major Move Is Coming For Textron Inc. After Bullish Options Activity

In today’s session Textron Inc. (TXT) registered an unusually high (774) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious TXT increase. With 774 contracts traded and 14424 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: TXT161118C00041000 closed last at: $0.75 or 2.6% down. About 374,804 shares traded hands. Textron Inc. (NYSE:TXT) has risen 16.90% since April 8, 2016 and is uptrending. It has outperformed by 11.25% the S&P500.

Textron Inc. (NYSE:TXT) Ratings Coverage

Out of 9 analysts covering Textron (NYSE:TXT), 7 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 78% are positive. $54 is the highest target while $39 is the lowest. The $48.25 average target is 8.48% above today’s ($44.48) stock price. Textron has been the topic of 11 analyst reports since September 2, 2015 according to StockzIntelligence Inc. The rating was upgraded by Citigroup to “Buy” on Wednesday, September 2. The firm has “Outperform” rating given on Wednesday, September 9 by Cowen & Co. The rating was maintained by RBC Capital Markets on Thursday, January 28 with “Outperform”. Drexel Hamilton downgraded the shares of TXT in a report on Thursday, January 28 to “Hold” rating. The stock has “Underweight” rating given by Morgan Stanley on Thursday, June 23. The company was upgraded on Wednesday, December 16 by JP Morgan. As per Thursday, October 6, the company rating was initiated by Robert W. Baird.

According to Zacks Investment Research, “Textron, Inc. is a global multi-industry company with operations in five business segments – Aircraft, Fastening Systems, Industrial Components, Industrial Products and Finance. The company’s products include commercial and military helicopters, light and mid-size business jets, plastic fuel tanks, automotive trim products, golf cars and utility vehicles, turf-care equipment, industrial pumps and gears, engineered fastening systems and solutions, and other industrial products. It also is a commercial finance company for select markets.”

Insitutional Activity: The institutional sentiment increased to 0.98 in Q2 2016. Its up 0.15, from 0.83 in 2016Q1. The ratio improved, as 30 funds sold all Textron Inc. shares owned while 125 reduced positions. 44 funds bought stakes while 108 increased positions. They now own 216.35 million shares or 0.47% more from 215.34 million shares in 2016Q1.
Mutual Of America Cap Lc holds 0.02% of its portfolio in Textron Inc. (NYSE:TXT) for 30,729 shares. Balyasny Asset Mgmt Ltd has invested 0.02% of its portfolio in Textron Inc. (NYSE:TXT). Sector Pension Board, a Quebec – Canada-based fund reported 51,014 shares. Ridgeworth Cap Mgmt Ltd Company reported 787,350 shares or 0.26% of all its holdings. Boston Prtn, a Massachusetts-based fund reported 8.46 million shares. Blackrock Institutional Na has 0.04% invested in the company for 7.04M shares. Gateway Advisers Limited Liability reported 19,144 shares or 0.01% of all its holdings. Advisory Serv Ltd Liability Corporation last reported 0.01% of its portfolio in the stock. Aberdeen Asset Mngmt Public Limited Liability Uk last reported 32,843 shares in the company. Cwm Lc holds 0% of its portfolio in Textron Inc. (NYSE:TXT) for 700 shares. Citigroup Incorporated has 0% invested in the company for 12,633 shares. Quantbot Techs L P has invested 0.01% of its portfolio in Textron Inc. (NYSE:TXT). Ccm Invest Advisers Ltd Limited Liability Company owns 393,265 shares or 1.34% of their US portfolio. Manufacturers Life Ins The last reported 283,716 shares in the company. Stevens Cap Ltd Partnership has invested 0.22% of its portfolio in Textron Inc. (NYSE:TXT).

Textron Inc. is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide clients with services and products across the world. The company has a market cap of $12.65 billion. The Firm operates through five divisions: Textron Aviation, Bell, Textron Systems, Industrial and Finance. It has a 14.25 P/E ratio. Textron Aviation makes, sells and services Beechcraft and Cessna aircraft, and services the Hawker brand of business jets.

TXT Company Profile

Textron Inc., incorporated on July 31, 1967, is a multi-industry firm engaged in aircraft, defense, industrial and finance businesses to provide clients with services and products across the world. The Firm operates through five divisions: Textron Aviation, Bell, Textron Systems, Industrial and Finance. The Company’s Textron Aviation segment is engaged in general aviation. The Company’s Industrial segment represents its manufacturing businesses. The Company’s Finance segment represents its finance business.

More news for Textron Inc. (NYSE:TXT) were recently published by: Wsj.com, which released: “Textron Starts Scorpion Jet Production” on October 20, 2016. Nasdaq.com‘s article titled: “Textron Inc. (TXT) Misses on Q3 Earnings and Revenues” and published on October 20, 2016 is yet another important article.

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