Capital Investment Advisors LLC Lowers Holdings in RTX Co. (NYSE:RTX)

Capital Investment Advisors LLC cut its position in RTX Co. (NYSE:RTX) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 132,765 shares of the company’s stock after selling 908 shares during the quarter. Capital Investment Advisors LLC’s holdings in RTX were worth $15,364,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RTX. Elgethun Capital Management raised its position in shares of RTX by 3.8% in the 2nd quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock valued at $233,000 after purchasing an additional 85 shares during the last quarter. Avestar Capital LLC increased its holdings in shares of RTX by 0.6% in the third quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock valued at $1,752,000 after purchasing an additional 85 shares during the period. Mowery & Schoenfeld Wealth Management LLC lifted its holdings in shares of RTX by 20.1% during the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after purchasing an additional 86 shares during the period. Blackston Financial Advisory Group LLC boosted its position in RTX by 3.7% in the third quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock valued at $291,000 after buying an additional 86 shares during the last quarter. Finally, Canal Capital Management LLC raised its position in RTX by 2.1% during the 3rd quarter. Canal Capital Management LLC now owns 4,253 shares of the company’s stock worth $515,000 after buying an additional 87 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of research reports. Citigroup increased their price objective on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Barclays upped their price objective on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and raised their price target for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Wells Fargo & Company increased their target price on shares of RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Finally, Morgan Stanley increased their price target on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Six research 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $156.87.

RTX Price Performance

NYSE RTX traded up $2.05 during trading hours on Monday, hitting $117.16. 1,523,945 shares of the company’s stock traded hands, compared to its average volume of 3,344,150. The company has a market capitalization of $155.94 billion, a PE ratio of 33.47, a PEG ratio of 2.08 and a beta of 0.81. The firm’s 50-day moving average is $118.18 and its 200-day moving average is $117.01. 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 current ratio of 0.99 and a quick ratio of 0.73.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) 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 company had revenue of $20.09 billion during 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. Equities 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.