TCI Wealth Advisors Inc. Trims Stock Holdings in RTX Co. (NYSE:RTX)

TCI Wealth Advisors Inc. trimmed its holdings in RTX Co. (NYSE:RTX) by 4.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,263 shares of the company’s stock after selling 357 shares during the period. TCI Wealth Advisors Inc.’s holdings in RTX were worth $841,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Strategic Investment Solutions Inc. IL bought a new position in RTX during the 2nd quarter valued at $132,000. Newbridge Financial Services Group Inc. lifted its position in shares of RTX by 6.4% during the second quarter. Newbridge Financial Services Group Inc. now owns 2,662 shares of the company’s stock worth $267,000 after purchasing an additional 159 shares during the last quarter. Mattson Financial Services LLC acquired a new position in RTX in the second quarter worth about $1,257,000. Abacus Planning Group Inc. increased its holdings in RTX by 7.8% in the third quarter. Abacus Planning Group Inc. now owns 2,986 shares of the company’s stock valued at $362,000 after buying an additional 215 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in RTX by 2.6% during the third quarter. Massmutual Trust Co. FSB ADV now owns 240,719 shares of the company’s stock valued at $29,166,000 after buying an additional 6,097 shares in the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Trading Up 3.2 %

RTX stock opened at $129.14 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. RTX Co. has a 12 month low of $88.90 and a 12 month high of $132.43. The company’s fifty day simple moving average is $118.97 and its 200-day simple moving average is $119.00. The stock has a market cap of $171.89 billion, a P/E ratio of 36.38, a P/E/G ratio of 1.99 and a beta of 0.81.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. As a group, sell-side analysts forecast that RTX Co. will post 6.1 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on RTX shares. Royal Bank of Canada upped their price target on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday. Vertical Research upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday. StockNews.com downgraded shares of RTX from a “buy” rating to a “hold” rating in a research report on Wednesday. Wells Fargo & Company lifted their target price on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, UBS Group increased their price target on RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $163.07.

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.