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Why Textron Shares Shot Higher in April

TheMotleyFool

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Shares of Textron (NYSE: TXT) climbed 14.6% in April, according to data provided by S&P Global Market Intelligence, fueled by a strong first-quarter earnings report. Investors have had a long wait, but it appears the industrial conglomerate has finally turned a corner.

It's been a tough few years for Textron. Prolonged weakness in its Cessna business-jet unit, a sector that has never fully recovered from the 2008 financial crisis, has weighed on results, as have a series of one-time issues in various other units.

Cessna's Citation Longitude. Image source: Textron.

Source Fool.com

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