RTX Co. (NYSE:RTX) Shares Sold by Westside Investment Management Inc.

Westside Investment Management Inc. lessened its holdings in shares of RTX Co. (NYSE:RTX) by 8.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,201 shares of the company’s stock after selling 300 shares during the quarter. Westside Investment Management Inc.’s holdings in RTX were worth $370,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cetera Trust Company N.A increased its stake in shares of RTX by 0.8% in the fourth quarter. Cetera Trust Company N.A now owns 18,802 shares of the company’s stock worth $2,176,000 after buying an additional 150 shares during the last quarter. Magnus Financial Group LLC increased its position in shares of RTX by 8.5% in the 4th quarter. Magnus Financial Group LLC now owns 10,217 shares of the company’s stock worth $1,182,000 after purchasing an additional 804 shares during the last quarter. Advisory Alpha LLC acquired a new stake in shares of RTX in the 4th quarter valued at about $466,000. Eads & Heald Wealth Management lifted its position in shares of RTX by 1.4% during the fourth quarter. Eads & Heald Wealth Management now owns 8,245 shares of the company’s stock worth $954,000 after purchasing an additional 115 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in RTX by 57.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 619,174 shares of the company’s stock worth $71,651,000 after purchasing an additional 226,843 shares in the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Barclays increased their target price on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and boosted their target price for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $130.00 to $140.00 in a report on Thursday, December 19th. UBS Group raised their price target on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, TD Cowen raised shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and an average target price of $158.27.

RTX Price Performance

NYSE RTX opened at $123.84 on Wednesday. The company’s 50 day simple moving average is $118.08 and its 200 day simple moving average is $118.01. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The firm has a market capitalization of $164.83 billion, a PE ratio of 35.39, a P/E/G ratio of 1.93 and a beta of 0.81. RTX Co. has a 12 month low of $87.96 and a 12 month high of $128.70.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. 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 prior year, the firm 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 forecast that RTX Co. will post 5.56 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.