Trinity Financial Advisors LLC Has $607,000 Stock Holdings in RTX Co. (NYSE:RTX)

Trinity Financial Advisors LLC boosted its position in RTX Co. (NYSE:RTX) by 14.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,229 shares of the company’s stock after acquiring an additional 659 shares during the period. Trinity Financial Advisors LLC’s holdings in RTX were worth $607,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of RTX. MidAtlantic Capital Management Inc. bought a new position in RTX in the 3rd quarter valued at about $29,000. Modus Advisors LLC purchased a new position in shares of RTX during the 4th quarter valued at $39,000. Fairfield Financial Advisors LTD bought a new position in shares of RTX during the 2nd quarter worth $41,000. Western Pacific Wealth Management LP bought a new stake in shares of RTX in the third quarter valued at approximately $41,000. Finally, Kimelman & Baird LLC bought a new stake in RTX during the 2nd quarter valued at $46,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Down 0.7 %

RTX traded down $0.86 on Friday, hitting $115.06. 4,155,827 shares of the company were exchanged, compared to its average volume of 3,476,802. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. RTX Co. has a 12 month low of $84.43 and a 12 month high of $128.70. The firm has a fifty day simple moving average of $118.26 and a two-hundred day simple moving average of $116.71. The stock has a market capitalization of $153.15 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 2.08 and a beta of 0.81.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.34 by $0.11. The company had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.25 earnings per share. Sell-side analysts expect that RTX Co. will post 5.56 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on RTX shares. Barclays upped their price target on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Susquehanna lowered their target price on shares of RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research note on Wednesday. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $130.00 to $140.00 in a research note on Thursday, December 19th. Citigroup raised their price objective on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Finally, UBS Group upped their target price on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $156.87.

RTX Company Profile

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.