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Textron

Textron is a conglomerate that designs, manufactures, and services a range of specialty aircraft including small jets, propeller-driven airplanes, helicopters, and tilt-rotor aircraft. Textron Aviation manufactures and services Cessna and Beechcraft planes. Bell is a helicopter and tilt-rotor manufacturer and servicer for both commercial and military customers. Textron Systems produces uncrewed aircraft and armored vehicles for the military market as well as aircraft simulators and training for the commercial and military markets. Textron Industrial contains the Kautex business, which manufactures plastic fuel tanks for conventional and hybrid motor vehicles, and other subsidiaries that produce specialized vehicles such as golf carts, snowmobiles, and all-terrain vehicles.

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JP Morgan analyst Seth Seifman maintains Textron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) with a Neutral and lowers the price target from $90 to $88.

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JP Morgan Maintains Neutral on Textron, Lowers Price Target to $88

Susquehanna analyst Charles Minervino maintains Textron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) with a Positive and lowers the price target from $100 to $90.

Susquehanna Maintains Positive on Textron, Lowers Price Target to $90

Textron's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) short percent of float has risen 22.52% since its last report. The company recently reported that it has 4.40 million shares sold short, which is 2.72% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.39 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Textron Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736268320_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Textron has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Textron's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Textron's peer group average for short interest as a percentage of float is 3.85%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Peering Into Textron's Recent Short Interest

<h2 class="wp-block-heading">Bankruptcy Block</h2>
Party City Holdco Inc., the one-stop-shop for all things celebration, is calling it a wrap. The company&#8217;s 700 stores are holding going-out-of-business sales. 
This is the second time Party City filed for Chapter 11 bankruptcy protection in two years. In 2023, a restructuring process eliminated almost $1 billion in debt — not enough to keep the party going.
Party City also faced some serious buzzkills like inflation and, per a New York Post <a href="https://nypost.com/2023/01/25/party-citys-founder-blames-bankruptcy-on-private-equity-firms/">interview</a> with the chain&#8217;s founder, Steve Mandell, shoddy leadership.
Party City is owned by investment firms such as Capital Group, Davidson Kempner and Silver Point Capital.
The Woodcliff Lake, New Jersey-based company filed for Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas.
Over 95% of Party City's 12,000 employees will stay on until <a href="https://www.cnn.com/2024/12/20/business/party-city-shut-down/index.html">Feb. 28</a> to help with the big cleanup.
The news of Party City&#8217;s demise came just days after bankrupt retailer Big Lots (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BIGGQ#OTC">BIGGQ</a>) <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42624759/big-lots-holds-liquidation-sales-analyst-pegs-competitor-as-major-beneficiary-market-share-capture-opportunity">failed to find a buyer</a>.
The retailer previously announced it was selling its assets to private equity firm Nexus Capital Management back in September. But now the deal is pretty much off the table.
In true clearance-sale spirit, the company is launching its "going out of business" blowout. It's also keeping hope alive by exploring other options. Whether that's cajoling Nexus back to the table or finding a new buyer remains to be seen. 
That&#8217;s not all. <a href="https://www.benzinga.com/news/asset-sales/24/11/42254293/deal-dispatch-stoli-bankrupt-ally-financial-to-sell-credit-card-unit">Benzinga Deal Dispatch reported</a> last month The Container Store was on the verge of bankruptcy. Recall how it was unable <a href="https://www.benzinga.com/markets/equities/24/10/41356027/whats-going-on-with-container-store-stock-after-getting-40m-investment-from-beyond">to ink a deal</a> with Beyond Inc. The <a href="https://www.businesswire.com/news/home/20241222725949/en/The-Container-Store-to-Execute-Comprehensive-Recapitalization-Transaction-with-Lender-Support-to-Best-Position-the-Company-for-Future-Success">filing</a> became official on Sunday, Dec. 22, in a Texas district court.
But unlike Party City and Big Lots, The Container Store is staying in business.
&#8220;Our strategy is sound,&#8221; said The Container Store CEO Satish Malhotra. 
The beloved storage solutions and in-home services provider is tidying up its finances. Up to 90% of the company's term loan lenders have jumped on board with a transaction support agreement. 
The Container Store will have $40 million in fresh funds and $45 million in debt reduction. All this means The Container Store is aiming keep its promises to partners, vendors and stakeholders without a hitch. 
The company expects to exit bankruptcy within the next 30 days. When it re-emerges, it will be a private company.
The Container Store&#8217;s Elfa business in Sweden remains unaffected. 
See Also: <a href="https://www.benzinga.com/24/12/42710061/cannabis-reform-2024-the-year-of-all-talk-and-no-action">Cannabis Reform 2024 — The Year Of All Talk And No Action</a>
<h2 class="wp-block-heading">New On The Block</h2>
Viracta Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRX#NASDAQ">VIRX</a>) is considering a sale. The oncology company — focused on virus-associated cancers — announced the process as part of a strategic review. Viracta voluntarily closed its pivotal Phase 2 NAVAL-1 trial of Nana-val for relapsed/refractory EBV+ lymphomas, citing no new safety concerns. CEO Mark Rothera remains optimistic about Nana-val&#8217;s future approval. 
<h2 class="wp-block-heading">Updates From The Block</h2>
Buyout firm TPG is in talks to acquire Altus Power (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPS#NYSE">AMPS</a>), a solar energy provider to commercial property owners and residential homes, Reuters reported on Dec. 23. A competing bid could emerge. 
Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)&nbsp;<a href="https://www.benzinga.com/news/24/12/42680655/alibaba-nears-4b-e-commerce-merger-with-south-koreas-e-mart-report">is close to merging</a>&nbsp;its South Korean operations with&nbsp;E-Mart Inc.&nbsp;in a deal valued at approximately $4 billion. This strategic move aims to bolster their position in South Korea&#8217;s competitive online retail market. The potential joint venture would combine the e-commerce assets of both companies. Discussions are ongoing, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-12-26/alibaba-is-said-to-near-4-billion-deal-with-korea-s-e-mart">reported</a>&nbsp;on Thursday.
<h2 class="wp-block-heading">Notes From The Block</h2>
In 2024, private equity and financial investors showed renewed interest, according to Bain &amp; Co. Deal value increased by 29% year-over-year due to <a href="https://www.benzinga.com/topic/interest-rates">slightly lower interest rates</a>.
Corporate M&amp;A, less impacted by minor debt cost changes, is projected to finish the year 12% higher than 2023, with a 7% rise in deal volume across all regions, the firm noted.
&#8220;Overall, the level of M&amp;A activity was a middling $3.5 trillion,&#8221; the firm <a href="https://www.bain.com/insights/looking-back-m-and-a-report-2025/">noted</a>. &#8220;That&#8217;s a number consistent with what we saw in the mid-2010s.&#8221;
For last week&#8217;s <a href="https://www.benzinga.com/news/rumors/24/12/42635878/deal-dispatch-honeywell-textron-soho-house-m-and-a-moves">Deal Dispatch, click here</a>. 
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Deal Dispatch: Party City Wraps Up, Big Lots Goes Bust, The Container Store Continues

Barclays analyst David Strauss maintains Textron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) with a Overweight and lowers the price target from $104 to $95.

Barclays Maintains Overweight on Textron, Lowers Price Target to $95

<h2 class="wp-block-heading">New On The Block</h2>
Honeywell (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) is back at it again with big plans and boardroom brainstorms. This time, the Charlotte, North Carolina-based company is considering sending its aerospace business <a href="https://www.benzinga.com/news/asset-sales/24/12/42505835/honeywell-advances-strategic-review-explores-aerospace-business-separation">off to fly solo</a>. Recently, Honeywell unveiled plans to spin off its Advanced Materials business into a standalone public company by late 2025 or early 2026. Additionally, the company is selling its Personal Protective Equipment (PPE) business to Protective Industrial Products for $<a href="https://www.benzinga.com/24/11/42140202/honeywell-to-exit-ppe-business-with-1325-billion-sale-plans-advanced-materials-spinoff">1.325 billion in cash</a>.
Textron Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) has decided it's time to <a href="https://www.benzinga.com/news/guidance/24/12/42558931/textron-hits-the-brakes-on-powersports-strategic-shift-amid-soft-demand">hit the brakes on</a> its Powersports product line, part of the Industrial segment&#8217;s Textron Specialized Vehicles business. The segment manufactures snowmobiles and off-road vehicles under the Arctic Cat label. Deere &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>) is rumored to be interested in acquiring it. Textron expects to wrap up its restructuring in the first half of the new year.
DLocal, a Latin American payments provider with a market value of about $3.6 billion, is on the auction block. The Montevideo, Uruguay-based company hired Morgan Stanley to gauge takeover offers from bidders. Private equity firm General Atlantic is DLocal&#8217;s largest shareholder.
<h2 class="wp-block-heading">Updates From The Block</h2>
The European Commission <a href="https://www.benzinga.com/government/regulations/24/12/42621868/nvidia-secures-eu-approval-for-runai-deal-us-probes-china-export-breach">granted unconditional approval</a> for Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) to acquire Run:ai Labs Ltd, an Israel-based provider of GPU orchestration software. The decision under the EU Merger Regulation concluded the acquisition would not raise competition concerns within the European Economic Area. Nvidia aims to integrate Run: ai&#8217;s software into its ecosystem. Run:ai specializes in software that helps organizations optimize and manage their artificial intelligence compute workloads across various environments, including on-premises and cloud platforms.
Soho House's billionaire chairman Ron Burkle wants to whisk the private members' club away from the U.S. stock market. Burkle and his squad of investors have thrown down a flashy <a href="https://www.benzinga.com/24/12/42597812/soho-house-jumps-over-50-on-receiving-acquisition-offer-with-83-premium">$1.8 billion buyout bid</a>, offering $9 per share—a snazzy 83% premium to the stock&#8217;s closing price on Wednesday, Dec. 18. This isn't Soho House's first flirtation with delisting. Just a few months ago, it turned down a mysterious suitor's offer.
See Also: <a href="https://www.benzinga.com/markets/equities/24/12/42646591/novo-nordisk-rises-5-in-premarket-as-analyst-dismisses-fridays-17-plunge-as-market-overreaction">Novo Nordisk Rises 5% In Premarket As Analyst Dismisses Friday&#8217;s 17% Plunge As Market Overreaction</a>
<h2 class="wp-block-heading">Off The Block</h2>
Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) and Woodside Energy Group Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDS#NYSE">WDS</a>) <a href="https://www.benzinga.com/news/contracts/24/12/42584936/chevron-secures-larger-north-west-shelf-stake-in-asset-swap-400m-payment-to-woodside">finalized an asset swap deal</a> on Wednesday. As part of the agreement, Woodside will transfer its 13% non-operated interest in the Wheatstone Project and its 65% operated interest in the Julimar-Brunello Project in Western Australia. In return, Woodside will acquire Chevron&#8217;s 16.67% stakes in the North West Shelf Project and the NWS Oil Project, along with a 20% interest in the Angel Carbon Capture and Storage Project. Additionally, Chevron will make a cash payment to Woodside of up to $400 million. This includes a $300 million payment at completion, and contingency payments of up to $100 million, tied to the handover of the Julimar Phase 3 Project and subsequent production performance.
<h2 class="wp-block-heading">Bankruptcy Block</h2>
Furnishing and retailer Big Lots Inc.&#8216;s Chapter 11 bankruptcy filing in September and impending store closures could benefit rival Ollie&#8217;s Bargain Outlet Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLLI#NASDAQ">OLLI</a>), JPMorgan analyst Matthew R. Boss says. On Sept. 9, Big Lots filed for Chapter 11 and announced a subsequent sale of its assets to Nexus Capital Management LP. The company&#8217;s stock was subsequently delisted from the New York Stock Exchange. Its third-quarter financial report revealed a company struggling with declining sales, eroding margins and a continual bleeding of cash. On Dec. 19, the Columbus, Ohio-based company said its sale to Nexus Capital fell through, noting it &#8220;continues to work toward completing an alternative going concern transaction with Nexus or another party.&#8221; CEO Bruce Thorn announced a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42624759/big-lots-holds-liquidation-sales-analyst-pegs-competitor-as-major-beneficiary-market-share-capture-opportunity">going-out-of-business sale</a>.
FTX announced that its<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42151412/bankrupt-crypto-exchange-ftx-to-commence-payments-to-customers-creditors-in-early-2025"> Chapter 11 bankruptcy reorganization plan</a> will become effective on Jan. 3, 2025. Customer and creditor distributions will be facilitated through partnerships with cryptocurrency platforms Kraken and BitGo. The first round of distributions is expected to occur within 60 days of the plan's effective date. The initial distribution will cover holders of allowed claims in the Convenience Classes, while timelines for other claim classes will be announced later.
<h2 class="wp-block-heading">Notes From The Block</h2>
Benzinga recently interviewed Tony Roma&#8217;s CEO Mohaimina (Mina) Haque on a variety of topics, including the restaurant chain&#8217;s capital raising initiatives:
<h3 class="wp-block-heading">BZ: What's the global stage look like?</h3>
There's a lot of interest globally. We are in Dubai and Berlin as well as Kuala Lumpur, Malaysia and Perth, Australia. There is a lot of brand awareness. Stateside, as Gen Z and millennials were growing up, there was a decrease in unit size. So, we are working on building that bridge between those who are nostalgic for Tony Roma's and those who haven't experienced it yet. There are challenges, including the supply chain and ensuring that franchise partners uphold our intellectual property.
<h3 class="wp-block-heading">BZ: Is M&amp;A still on the cards?</h3>
It is a possibility. We have parties interested in helping us to expand our global and national footprint. So, it's still in the cards, with either a venture capital or private equity firm. For anyone interested and who wants to see more explosive growth for the company, we are looking for partners capable of heavy capital infusion.
<h3 class="wp-block-heading">BZ: What size investment do you think would you go to ballpark it?</h3>
If I have to ballpark it, maybe somewhere between $10 million and $20 million
For the <a href="https://www.benzinga.com/general/restaurants/24/12/42553401/comfort-food-comeback-how-mina-haque-plans-to-make-tony-romas-sizzle-again">full Q&amp;A, click here</a>.
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Deal Dispatch: Honeywell, Textron And Soho House Are Making M&A Moves

Textron Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) shares are trading lower on Wednesday following the announcement that it is pursuing strategic alternatives for its Powersports <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">product line within its Industrial segment.</a>
The decision comes as the consumer demand for powersports products continues to remain soft, per an exchange <a target="_blank" href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0000217346/66610f37-e512-425a-9f5c-6043e7c8c7c5.pdf" rel="noreferrer noopener">filing</a>.
In response, Textron&#8217;s Textron Specialized Vehicles business will begin pausing production of its powersports products after completing limited production runs to fulfill customer commitments.
Production is expected to be paused indefinitely in the first half of 2025.
As part of this restructuring effort, Textron has increased its expected pre-tax special charges for its 2023 restructuring plan.
Originally expected to range between $165 million and $170 million, these charges will now range from $190 million to $205 million, reflecting contract termination costs related to the production pause.
Also Read: <a target="_blank" href="https://www.benzinga.com/economics/macro-economic-events/24/12/42556652/20-etfs-primed-for-unusually-big-swings-on-fed-meeting-days" rel="noreferrer noopener">20 ETFs Primed For Unusually Big Swings On Fed Meeting Days</a>
Additionally, the company anticipates incurring an inventory valuation charge of $30 million to $40 million to write down powersports inventory to its net realizable value.
This charge will reduce adjusted earnings per share for 2024 by approximately $0.12 to $0.16.
While announcing its third quarter results, Textron&nbsp;revised its 2024 adjusted earnings per share from continuing operations outlook to $5.40&nbsp;to&nbsp;$5.60, down from its previous&nbsp;outlook&nbsp;of&nbsp;$6.20&nbsp;to&nbsp;$6.40. Textron exited its third quarter with cash and equivalents of $1.289 billion and<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41511859/textron-reports-third-quarter-2024-results" rel="noreferrer noopener"> inventories worth $4.410 billion</a>.
Price Action: TXT shares are trading lower by 2.98% to $77.68 at last check Wednesday.
Check Out:
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Textron Hits The Brakes On Powersports: Strategic Shift Amid Soft Demand

Textron Expects Inventory Valuation Charge To Reduce Adjusted EPS For 2024 By Approximately $0.12 To $0.16

Total pretax special charges related to the 2023 restructuring plan are now expected to increase from the previously announced range of $165 million to $170 million to a range of $190 million to $205 million. The increased charges of $25 million to $35 million are related to contract termination costs associated with the powersports production pause. These charges will be recorded in the fourth quarter of 2024, with additional cash outlays of $25 million to $35 million expected primarily in the first half of 2025. &nbsp;

Textron Approves Additional Actions At Industrial Segment Under 2023 Restructuring Plan

The consumer end market demand for powersports products continues to remain soft. As a result, and in conjunction with its annual operating plan process, TSV has begun to pause production of its powersports products as Textron's management reviews strategic alternatives for the business.&nbsp;
Upon completion of limited production runs to satisfy customer commitments, production of TSV's powersports products will be paused indefinitely in the first half of 2025.

Textron Says It Is Pursuing Strategic Alternatives For Its Powersports Product Line Within Industrial Segment's Textron Specialized Vehicles Business - Filing

Surf Air Mobility Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRFM#NYSE">SRFM</a>) ("Surf Air"), a leading regional air mobility platform, announced today it has taken delivery of four <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fcessna.txtav.com%2Fen%2Fturboprop%2Fgrand-caravan-ex&amp;esheet=54162254&amp;newsitemid=20241205288239&amp;lan=en-US&amp;anchor=Cessna+Grand+Caravan+EX&amp;index=1&amp;md5=ccce32e0093d1eeada53b592063a82ce">Cessna Grand Caravan EX</a> turboprop aircraft from <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Ftxtav.com%2F&amp;esheet=54162254&amp;newsitemid=20241205288239&amp;lan=en-US&amp;anchor=Textron+Aviation&amp;index=2&amp;md5=983ead8e3768cefd168cc8840daa9b37">Textron Aviation</a>. These four aircraft are the first deliveries of Surf Air's previously announced fleet order with Textron Aviation. Surf Air is financing two of these aircraft through operating leases with <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fitca.co.jp%2F&amp;esheet=54162254&amp;newsitemid=20241205288239&amp;lan=en-US&amp;anchor=ITC-AeroLeasing%2C+Inc.&amp;index=3&amp;md5=6b3b7d1797bae6c0fa05381c6bcb0e37">ITC-AeroLeasing, Inc.</a>, an existing aircraft financing partner for Surf Air and a leading independent Japanese aircraft leasing and sales company serving the international general and business aviation communities.

SRFM

Surf Air Mobility Accepts Delivery Of Initial Four Cessna Grand Caravan EX Aircraft In Fleet Order From Textron Aviation

The commercial aerospace sector is gaining altitude, driven by surging demand for passenger travel, robust freight activity, and a <a href="https://www.benzinga.com/topic/expert-ideas">resurgence in aircraft orders</a>.
According to Goldman Sachs analyst Noah Poponak, CFA, air traffic recovery is exceeding expectations, with growth now outpacing GDP by more than double. 
The sector&#8217;s strong fundamentals, buoyed by tight supply chains and rising aftermarket revenues, are positioning key aerospace stocks for a significant takeoff.
Here&#8217;s what you need to know — and the top stocks analysts say you should have on your radar.
<h3 class="wp-block-heading">Air Traffic Surpasses Pre-Pandemic Levels</h3>
&#8220;The overall commercial aerospace market is fundamentally strong,&#8221; said Poponak in a note Thursday. 
Global passenger traffic continues its remarkable climb as international air traffic jumped 9% year-over-year (yoy) in September, following an 11% yoy increase in August, according to the International Air Transport Association (IATA). Passenger capacity rose in lockstep, up 9% and 10% yoy, respectively.
Goldman Sachs forecasts another 9% yoy gain for October based on airline reports. 
Forward airline schedules indicate that global passenger capacity will grow by 6% to 7% year-over-year through November, December, and January, reflecting sustained demand as travel appetite remains strong.
<h3 class="wp-block-heading">Freight Market Delivers Double-Digit Growth</h3>
The recovery isn't limited to passengers. International freight traffic surged 11% yoy in September, following a 12% yoy gain in August, with freight capacity expanding by 8% yoy in both months. 
Major cargo players FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) and United Parcel Service Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) also saw gains, with UPS reporting 11% yoy growth and FedEx posting a 3% yoy increase in global air cargo traffic.
<h3 class="wp-block-heading">Boeing, Airbus Rack Up Orders</h3>
Large commercial jet manufacturers are riding the wave of demand. In October alone, Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) secured 63 new orders, while Airbus SE (OTCPK: EADSY) booked 82 aircraft orders—both with zero cancellations. 
&#8220;New aircraft order campaigning activity appears to remain robust, for both growth and replacement,&#8221; Poponak wrote. 
Parked aircraft, which currently make up 11.8% of the total global fleet, remained flat month-over-month, further reflecting high utilization levels as airlines capitalize on the recovery in passenger and freight traffic.
<h3 class="wp-block-heading">Goldman Sachs' Top Stock Picks</h3>
Goldman Sachs&#8217; Poponak highlighted 11 buy-rated stocks that stand to benefit from the industry's resurgence. These include large aircraft manufacturers, component suppliers, and business jet producers.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company</th>
<th>Category</th>
</tr>
</thead>
<tbody>
<tr>
<td>Woodward Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WWD#NASDAQ">WWD</a>)</td>
<td>Aerospace Systems</td>
</tr>
<tr>
<td>Boeing Co.</td>
<td>Large Aircraft</td>
</tr>
<tr>
<td>TransDigm Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDG#NYSE">TDG</a>)</td>
<td>Aircraft Components</td>
</tr>
<tr>
<td>GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>)</td>
<td>Engine Manufacturing</td>
</tr>
<tr>
<td>HEICO Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>)</td>
<td>Aircraft Parts</td>
</tr>
<tr>
<td>Howmet Aerospace Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HWM#NYSE">HWM</a>)</td>
<td>Aerospace Materials</td>
</tr>
<tr>
<td>Ducommun Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCO#NYSE">DCO</a>)</td>
<td>Aerospace Electronics</td>
</tr>
<tr>
<td>CAE Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAE#NYSE">CAE</a>)</td>
<td>Simulation &amp; Training</td>
</tr>
<tr>
<td>Bombardier Inc. (OTCPK: BOMBF)</td>
<td>Business Jets</td>
</tr>
<tr>
<td>Embraer S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERJ#NYSE">ERJ</a>)</td>
<td>Regional Aircraft</td>
</tr>
<tr>
<td>Textron Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) </td>
<td>Business Jets &amp; Helicopters</td>
</tr>
</tbody>
</table>
</figure>
Among these, Woodward (WWD) is singled out for its placement on Goldman's &#8220;Conviction List,&#8221; while Boeing remains a flagship name for its leadership in large commercial jets.

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Embraer-Empresa Brasileira De Aeronautica

Aerospace Ready To Take Off: Goldman Sachs Reveals 11 Top Picks In The Sector

Textron's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) short percent of float has risen 6.67% since its last report. The company recently reported that it has 3.89 million shares sold short, which is 2.4% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.96 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Textron Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732040118_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Textron has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Textron's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Textron's peer group average for short interest as a percentage of float is 2.99%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Textron?

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Ftxtav.com%2F&amp;esheet=54154663&amp;newsitemid=20241119072545&amp;lan=en-US&amp;anchor=Textron+Aviation&amp;index=1&amp;md5=5c88a4c138d6148a4e64f0fa930a45f5">Textron Aviation</a> today announced it delivered the first of two multi-mission <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fbeechcraft.txtav.com%2Fen%2Fking-air-360&amp;esheet=54154663&amp;newsitemid=20241119072545&amp;lan=en-US&amp;anchor=Beechcraft+King+Air+360CHW&amp;index=2&amp;md5=aec88d1fba02611342552d88456ffa9f">Beechcraft King Air 360CHW</a> aircraft to the Peruvian Air Force. The King Air 360CHW is cargo door equipped and fitted for heavy weight operation.
The Beechcraft King Air 360CHW is designed and manufactured by Textron Aviation Inc., a <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.textron.com%2F&amp;esheet=54154663&amp;newsitemid=20241119072545&amp;lan=en-US&amp;anchor=Textron+Inc.&amp;index=3&amp;md5=852c93d54ae4812a1d4605bbfecd1513">Textron Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) company.
"The King Air 360CHW delivered to the Peruvian Air Force for aeromedical evacuation (MEDEVAC) can also execute troop and cargo transport, command and control and many other missions," said Bob Gibbs, vice president, Special Mission Sales. "From the coast and the highlands to the Amazon rainforest of Peru, the versatile King Air is well suited to operate in diverse, austere and remote locations."
Delivery of a second aeromedical evacuation-equipped King Air 360CHW is expected in 2025.

Contracts

Textron Aviation Announces It Delivered The First Of Two Multi-Mission Beechcraft King Air 360CHW Aircraft To The Peruvian Air Force; The King Air 360CHW Is Cargo Door Equipped And Fitted For Heavy Weight Operation; Delivery Of A Second Aeromedical Evacuation-Equipped King Air 360CHW Is Expected In 2025

Aerosonde&#xAE; UAS Increases Maritime Contractor-Owned/Contractor-Operated (COCO) Missions
Hunt Valley, Md., November 18, 2024 – Textron Systems Corporation, a Textron Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) company, announced today that it has been awarded a task order valued at up to $47 million by the U.S. Navy's Naval Air Systems Command (NAVAIR) to provide COCO UAS services to three Independence Class Littoral Combat Ships (LCS) deploying to 5th Fleet. This award follows a 2023 contract to provide UAS support to LCSs, bringing the total number of U.S. Navy ships supported by the Aerosonde&#xAE; UAS to 10.
Textron Systems will deploy its <a href="https://www.textronsystems.com/products/aerosonde-uas">Aerosonde UAS</a> and skilled personnel to provide mission overwatch and extended range intelligence, surveillance and reconnaissance (ISR) services with enhanced mission payloads as seen aboard the Expeditionary Sea Base (ESB)-4 and ESB-5, as well as two DDG-class ships and three LCSs. In December 2023, the Aerosonde UAS took its inaugural operational flight from its first LCS, the LCS-28 USS Savannah.

Textron Systems Awarded A Task Order Valued At Up To $47M By The U.S. Navy's Naval Air Systems Command To Provide COCO UAS Services To Three Independence Class Littoral Combat Ships Deploying To 5th Fleet

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Shares of aerospace and defense companies are trading higher after Donald Trump won the 2024 presidential election.

UBS analyst Gavin Parsons maintains Textron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) with a Sell and lowers the price target from $87 to $79.

UBS Maintains Sell on Textron, Lowers Price Target to $79

Baird analyst Peter Arment maintains Textron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) with a Outperform and lowers the price target from $109 to $100.

Baird Maintains Outperform on Textron, Lowers Price Target to $100

Textron shares are trading lower after the company reported Q3 adjusted EPS and sales below estimates and lowered its FY24 adjusted EPS guidance.

On October 20th, the International Association of Machinists and Aerospace Workers (IAM) District 70, Local Lodge 774 representing the Wichita-based direct labor workforce, ratified a new five-year labor contract, after engaging in a four-week strike. While it has been resolved, we expect revenue and segment profit to be unfavorably impacted in the&nbsp;fourth quarter&nbsp;of 2024 related to the labor disruption and the recovery of production and delivery activities as our employees return to work.

Textron Lowered FY24 Adjusted EPS Guidance To $5.40 -$5.60 (From $6.20 -$6.40) Vs. $6.11 Est.

Barclays analyst David E. Strauss maintained a Buy rating on Textron (TXT – Research Report) on December 20 and set a price target of $95.00. The c...

Textron (TXT) Receives a Buy from Barclays

Barclays lowered the firm's price target on Textron (TXT) to $95 from $104 and keeps an Overweight rating on the shares. Published first on TheFly ...

Textron price target lowered to $95 from $104 at Barclays

Let it Snow: Vail Resorts set for strong 2025 season with early snowfall an important catalyst - analyst

BRP's 'Double Down' On Powersports As Textron Shutters Production Is A Referendum Worth Watching

Vertical Research analyst Robert Stallard upgraded Textron (TXT) to Buy from Hold with a $91 price target While the company is facing challenges in...

Textron upgraded to Buy from Hold at Vertical Research

Susquehanna analyst Charles Minervino lowered the firm's price target on Textron(TXT) to $90 from $100 and keeps a Positive rating on the shares. T...

Textron price target lowered to $90 from $100 at SusquehannaBoeing

Textron: Buy This Overlooked Aviation, Defense, And Industrial Conglomerate

U.S. approves $100M sale of military helicopters to Zambia

In a report released today, Douglas Harned from Bernstein maintained a Hold rating on Textron (TXT – Research Report), with a price target of $98.0...

Textron (TXT) Receives a Hold from Bernstein

Catalyst Watch: Netflix earnings, Monster Beverage event, drug data, and quantum volatility

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Press Releases

Textron Declares Quarterly Dividend

Textron Announces CFO Frank Connor Retirement Effective February 28, 2025

Textron Reports Third Quarter 2024 Results

TRU Simulation delivers Full-Flight Simulator to Royal Flying Doctor Service (RFDS) (Queensland Section)

Bell Textron Canada Donates 1,800 Aircraft Components Worth 6.2M CAD to Saskatchewan Indian Institute of Technologies

Peruvian Air Force Receives Its First Aeromedical Evacuation-Equipped Beechcraft King Air 360CHW

History-Making Beechcraft T-6C Texan II Sale Supports the U.S.-Vietnam Comprehensive Strategic Partnership, Advances U.S. Interests in the Indo-Pacific Region

Cessna SkyCourier Achieves Canada Type Certification, Bringing Operational Support to Remote Regions of North America

Textron to Release Fourth Quarter Results on January 22, 2025

Critical Role of Vibration Mitigation in Safety and Comfort of Helicopter Operations

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