Moody National Bank Trust Division Cuts Stake in RTX Co. (NYSE:RTX)

Moody National Bank Trust Division trimmed its holdings in RTX Co. (NYSE:RTX) by 0.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,781 shares of the company’s stock after selling 106 shares during the quarter. Moody National Bank Trust Division’s holdings in RTX were worth $1,710,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. bought a new position in RTX during the third quarter valued at approximately $29,000. Modus Advisors LLC purchased a new position in shares of RTX in the fourth quarter valued at $39,000. Fairfield Financial Advisors LTD bought a new stake in RTX in the second quarter worth $41,000. Western Pacific Wealth Management LP purchased a new stake in RTX during the third quarter valued at $41,000. Finally, Kimelman & Baird LLC bought a new position in RTX during the second quarter valued at $46,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Price Performance

Shares of RTX stock opened at $117.85 on Tuesday. RTX Co. has a twelve month low of $84.43 and a twelve month high of $128.70. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The stock has a fifty day simple moving average of $118.18 and a two-hundred day simple moving average of $117.14. The stock has a market capitalization of $156.86 billion, a price-to-earnings ratio of 33.67, a P/E/G 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The company had revenue of $20.09 billion for the quarter, compared to analysts’ expectations of $19.84 billion. During the same period in the prior year, the business earned $1.25 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. On average, analysts predict that RTX Co. will post 5.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on RTX. Morgan Stanley upped their target price on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Susquehanna lowered their price objective on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. TD Cowen raised RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. UBS Group raised their price target on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.