Textron Inc. (TXT Quick QuoteTXT - Free Report) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $59.58 to $56.96 in the past one month time frame.

The move came after the company reported forecast-topping first-quarter 2018 results and also inked a deal to divest its Tools & Test business to global technology and engineering company, Emerson, for roughly $810 million.

The company has seen one negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Textron currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

A better-ranked stock in the Aerospace – Defense industry is The Boeing Company (BA Quick QuoteBA - Free Report) , holding a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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