Drive Wealth Management LLC Has $633,000 Stock Holdings in RTX Co. (NYSE:RTX)

Drive Wealth Management LLC reduced its position in RTX Co. (NYSE:RTXFree Report) by 12.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,466 shares of the company’s stock after selling 772 shares during the period. Drive Wealth Management LLC’s holdings in RTX were worth $633,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of RTX. AQR Capital Management LLC increased its stake in shares of RTX by 23.2% during the 2nd quarter. AQR Capital Management LLC now owns 366,824 shares of the company’s stock worth $36,825,000 after purchasing an additional 69,112 shares during the last quarter. Dark Forest Capital Management LP bought a new position in RTX during the second quarter valued at about $248,000. Kathmere Capital Management LLC lifted its position in shares of RTX by 31.4% in the second quarter. Kathmere Capital Management LLC now owns 4,304 shares of the company’s stock worth $432,000 after buying an additional 1,028 shares during the last quarter. Ascent Group LLC acquired a new position in shares of RTX during the 2nd quarter valued at about $251,000. Finally, Full Sail Capital LLC raised its stake in shares of RTX by 6.8% in the 2nd quarter. Full Sail Capital LLC now owns 7,635 shares of the company’s stock valued at $766,000 after acquiring an additional 487 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Trading Down 0.8 %

RTX stock opened at $125.23 on Monday. The business has a fifty day moving average price of $118.38 and a 200 day moving average price of $118.54. 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 Co. has a fifty-two week low of $88.90 and a fifty-two week high of $128.70. The stock has a market capitalization of $166.69 billion, a price-to-earnings ratio of 35.78, a P/E/G ratio of 1.99 and a beta of 0.81.

Analyst Upgrades and Downgrades

RTX has been the topic of several analyst reports. Susquehanna lowered their price target on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company lifted their target price on shares of RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and upped their price target for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. TD Cowen raised RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Finally, Citigroup raised RTX from a “neutral” rating to a “buy” rating and raised their price target for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, RTX has an average rating of “Moderate Buy” and a consensus target price of $158.27.

View Our Latest Research Report on RTX

RTX Profile

(Free Report)

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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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