Meridian Financial LLC Sells 300 Shares of RTX Co. (NYSE:RTX)

Meridian Financial LLC cut its holdings in shares of RTX Co. (NYSE:RTX) by 9.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,869 shares of the company’s stock after selling 300 shares during the quarter. Meridian Financial LLC’s holdings in RTX were worth $332,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. LRI Investments LLC grew its stake in shares of RTX by 6.5% in the third quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock valued at $9,221,000 after buying an additional 4,732 shares in the last quarter. Napa Wealth Management acquired a new stake in RTX in the third quarter valued at $1,307,000. Czech National Bank grew its position in shares of RTX by 6.5% in the 4th quarter. Czech National Bank now owns 288,591 shares of the company’s stock valued at $33,396,000 after acquiring an additional 17,608 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of RTX by 16.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock worth $9,510,000 after purchasing an additional 11,354 shares during the last quarter. Finally, Kennebec Savings Bank bought a new stake in shares of RTX in the 3rd quarter valued at about $953,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Up 0.7 %

Shares of NYSE RTX opened at $121.30 on Friday. The stock has a market capitalization of $161.45 billion, a P/E ratio of 34.66, a PEG ratio of 1.84 and a beta of 0.81. The stock’s fifty day moving average is $118.10 and its 200 day 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 debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.34 by $0.11. The company 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% compared to the same quarter last year. During the same period in the previous year, the company earned $1.25 EPS. Sell-side analysts forecast that RTX Co. will post 5.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

RTX has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Morgan Stanley increased their price target on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Barclays lifted their price objective on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Susquehanna cut their target price 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. Finally, TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Six investment 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $156.87.

RTX 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.