RTX Co. (NYSE:RTX) Position Lowered by Galvin Gaustad & Stein LLC

Galvin Gaustad & Stein LLC decreased its holdings in shares of RTX Co. (NYSE:RTX) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,007 shares of the company’s stock after selling 181 shares during the quarter. Galvin Gaustad & Stein LLC’s holdings in RTX were worth $579,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. MinichMacGregor Wealth Management LLC increased its stake in shares of RTX by 16.0% during the fourth quarter. MinichMacGregor Wealth Management LLC now owns 1,951 shares of the company’s stock valued at $226,000 after acquiring an additional 269 shares during the period. Asset Planning Services Inc. LA ADV increased its stake in shares of RTX by 0.8% during the fourth quarter. Asset Planning Services Inc. LA ADV now owns 61,596 shares of the company’s stock valued at $7,128,000 after acquiring an additional 500 shares during the period. True North Advisors LLC increased its stake in shares of RTX by 18.5% during the fourth quarter. True North Advisors LLC now owns 4,365 shares of the company’s stock valued at $505,000 after acquiring an additional 681 shares during the period. Traynor Capital Management Inc. increased its stake in shares of RTX by 19.3% during the fourth quarter. Traynor Capital Management Inc. now owns 2,410 shares of the company’s stock valued at $279,000 after acquiring an additional 390 shares during the period. Finally, Sharp Financial Services LLC boosted its holdings in RTX by 13.5% during the fourth quarter. Sharp Financial Services LLC now owns 4,395 shares of the company’s stock worth $509,000 after buying an additional 523 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. UBS Group raised their price objective on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Barclays raised their price objective on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Susquehanna decreased their price objective on shares of RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $130.00 to $140.00 in a research note on Thursday, December 19th. Finally, Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and increased their target price for the stock from $132.00 to $153.00 in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $158.27.

RTX Trading Up 1.3 %

RTX opened at $125.94 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The company has a market cap of $167.62 billion, a price-to-earnings ratio of 35.89, a price-to-earnings-growth ratio of 2.01 and a beta of 0.81. The firm has a 50 day simple moving average of $118.10 and a 200 day simple moving average of $118.06. RTX Co. has a fifty-two week low of $88.70 and a fifty-two week high of $128.70.

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

About RTX

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.