Cambridge Advisors Inc. Has $595,000 Stake in RTX Co. (NYSE:RTX)

Cambridge Advisors Inc. reduced its stake in RTX Co. (NYSE:RTX) by 2.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,139 shares of the company’s stock after selling 140 shares during the quarter. Cambridge Advisors Inc.’s holdings in RTX were worth $595,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Elgethun Capital Management boosted its holdings in shares of RTX by 3.8% during the 2nd quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock worth $233,000 after buying an additional 85 shares during the period. Avestar Capital LLC grew its position 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 last quarter. Arbor Wealth Advisors LLC increased its stake in shares of RTX by 3.7% in the fourth quarter. Arbor Wealth Advisors LLC now owns 2,382 shares of the company’s stock worth $276,000 after purchasing an additional 85 shares during the period. Mowery & Schoenfeld Wealth Management LLC boosted its stake in RTX by 20.1% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock valued at $62,000 after purchasing an additional 86 shares during the period. Finally, Blackston Financial Advisory Group LLC grew its holdings in RTX by 3.7% in the 3rd 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. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

NYSE:RTX opened at $121.30 on Friday. The firm has a market cap of $161.45 billion, a PE ratio of 34.66, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81. The company’s 50-day moving average price is $118.10 and its two-hundred day moving average price is $117.57. The company has a quick ratio of 0.73, a current ratio of 0.99 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.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $19.84 billion. During the same period in the prior year, the company earned $1.25 EPS. RTX’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities 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 weighed in on RTX shares. Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $130.00 to $140.00 in a research report on Thursday, December 19th. Morgan Stanley raised their price target on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Susquehanna cut their price objective on shares of RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. UBS Group lifted their target price on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Citigroup upped their price target on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus 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.