Sivia Capital Partners LLC Purchases 102 Shares of RTX Co. (NYSE:RTX)

Sivia Capital Partners LLC grew its holdings in shares of RTX Co. (NYSE:RTX) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,588 shares of the company’s stock after buying an additional 102 shares during the quarter. Sivia Capital Partners LLC’s holdings in RTX were worth $415,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of RTX. Cooper Financial Group boosted its stake in shares of RTX by 4.6% during the fourth quarter. Cooper Financial Group now owns 12,507 shares of the company’s stock valued at $1,447,000 after purchasing an additional 550 shares during the period. Wedmont Private Capital boosted its position in RTX by 10.9% in the 4th quarter. Wedmont Private Capital now owns 16,625 shares of the company’s stock valued at $1,914,000 after buying an additional 1,630 shares during the period. Agate Pass Investment Management LLC grew its stake in RTX by 45.0% in the 4th quarter. Agate Pass Investment Management LLC now owns 20,867 shares of the company’s stock worth $2,415,000 after acquiring an additional 6,475 shares in the last quarter. CHICAGO TRUST Co NA raised its stake in shares of RTX by 11.2% during the fourth quarter. CHICAGO TRUST Co NA now owns 12,935 shares of the company’s stock valued at $1,497,000 after acquiring an additional 1,299 shares in the last quarter. Finally, Thomasville National Bank boosted its holdings in shares of RTX by 1.7% in the fourth quarter. Thomasville National Bank now owns 208,419 shares of the company’s stock valued at $24,118,000 after purchasing an additional 3,558 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $130.00 to $140.00 in a report on Thursday, December 19th. Morgan Stanley increased their target price on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. UBS Group increased their price objective on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Susquehanna reduced their price objective 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, Citigroup increased their target price on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, RTX presently has an average rating of “Moderate Buy” and an average target price of $156.87.

RTX Stock Performance

Shares of RTX stock traded up $2.48 during mid-day trading on Monday, reaching $117.59. The stock had a trading volume of 3,370,083 shares, compared to its average volume of 3,626,783. 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 1-year low of $84.43 and a 1-year high of $128.70. The firm has a market cap of $156.51 billion, a price-to-earnings ratio of 33.60, a PEG ratio of 2.08 and a beta of 0.81. The business’s fifty day moving average is $118.18 and its 200-day moving average is $117.01.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.34 by $0.11. The business 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 quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.25 EPS. On average, research analysts forecast that RTX Co. will post 5.56 earnings per share for the current year.

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.