RTX Co. (NYSE:RTX) Shares Sold by HF Advisory Group LLC

HF Advisory Group LLC trimmed its holdings in RTX Co. (NYSE:RTX) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,722 shares of the company’s stock after selling 341 shares during the quarter. HF Advisory Group LLC’s holdings in RTX were worth $1,704,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of RTX. MidAtlantic Capital Management Inc. purchased a new stake in shares of RTX in the third quarter valued at about $29,000. Modus Advisors LLC purchased a new position in RTX during the 4th quarter worth $39,000. Western Pacific Wealth Management LP acquired a new stake in shares of RTX in the 3rd quarter worth $41,000. Kimelman & Baird LLC purchased a new stake in shares of RTX in the second quarter valued at about $46,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of RTX during the third quarter worth about $50,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on RTX shares. Susquehanna dropped their target price on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Citigroup increased their price objective on RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and raised their target price for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. UBS Group upped their price target 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. Finally, Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $130.00 to $140.00 in a report on Thursday, December 19th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $156.87.

RTX Stock Up 0.7 %

RTX opened at $121.30 on Friday. The firm has a market cap of $161.45 billion, a P/E ratio of 34.66, a PEG ratio of 1.84 and a beta of 0.81. The business’s fifty day simple moving average is $118.10 and its 200 day simple moving average is $117.57. RTX Co. has a 52 week low of $84.43 and a 52 week high of $128.70. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. During the same quarter in the previous year, the business posted $1.25 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. As a group, equities research analysts anticipate that RTX Co. will post 5.55 EPS for the current fiscal 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.