RTX Co. (NYSE:RTX) Shares Sold by StrongBox Wealth LLC

StrongBox Wealth LLC reduced its stake in shares of RTX Co. (NYSE:RTX) by 3.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,793 shares of the company’s stock after selling 1,010 shares during the period. RTX accounts for about 1.6% of StrongBox Wealth LLC’s holdings, making the stock its 23rd biggest position. StrongBox Wealth LLC’s holdings in RTX were worth $3,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX during the 3rd quarter worth about $29,000. Modus Advisors LLC purchased a new position in shares of RTX during the fourth quarter valued at approximately $39,000. Western Pacific Wealth Management LP acquired a new stake in RTX during the third quarter worth approximately $41,000. Kimelman & Baird LLC purchased a new stake in RTX in the 2nd quarter worth approximately $46,000. Finally, ORG Wealth Partners LLC acquired a new position in RTX in the 3rd quarter valued at $50,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Down 0.3 %

Shares of NYSE RTX opened at $119.07 on Thursday. The stock has a fifty day moving average price of $118.14 and a 200 day moving average price of $117.28. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. RTX Co. has a 12-month low of $84.43 and a 12-month high of $128.70. The company has a market cap of $158.48 billion, a P/E ratio of 34.02, a P/E/G ratio of 1.84 and a beta of 0.81.

RTX (NYSE:RTX) last posted its earnings results 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 business had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.25 earnings per share. Research analysts anticipate that RTX Co. will post 5.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on RTX shares. Wells Fargo & Company raised their price objective on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Morgan Stanley lifted their price target on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Barclays upped their price objective on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Susquehanna decreased their target price on shares of RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Finally, 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 report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.