High Net Worth Advisory Group LLC Sells 1,750 Shares of RTX Co. (NYSE:RTX)

High Net Worth Advisory Group LLC reduced its holdings in shares of RTX Co. (NYSE:RTX) by 21.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,562 shares of the company’s stock after selling 1,750 shares during the period. High Net Worth Advisory Group LLC’s holdings in RTX were worth $759,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in RTX. OLIO Financial Planning bought a new stake in RTX in the fourth quarter worth $260,000. Embree Financial Group increased its holdings in shares of RTX by 3.4% in the fourth quarter. Embree Financial Group now owns 10,166 shares of the company’s stock worth $1,176,000 after buying an additional 339 shares during the period. First Citizens Bank & Trust Co. lifted its stake in shares of RTX by 3.0% in the 4th quarter. First Citizens Bank & Trust Co. now owns 18,443 shares of the company’s stock valued at $2,134,000 after acquiring an additional 540 shares during the last quarter. Archford Capital Strategies LLC boosted its holdings in RTX by 0.8% during the 4th quarter. Archford Capital Strategies LLC now owns 12,103 shares of the company’s stock valued at $1,401,000 after acquiring an additional 100 shares during the period. Finally, Insight Inv LLC increased its stake in RTX by 4.8% in the 4th quarter. Insight Inv LLC now owns 18,386 shares of the company’s stock worth $2,128,000 after purchasing an additional 837 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Stock Performance

Shares of RTX stock opened at $125.23 on Monday. The stock has a market cap of $166.69 billion, a price-to-earnings ratio of 35.78, a PEG ratio of 1.99 and a beta of 0.81. 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 1 year low of $88.90 and a 1 year high of $128.70. The firm’s 50-day moving average is $118.38 and its 200 day moving average is $118.54.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Wells Fargo & Company increased their price objective on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and boosted their price objective for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. Morgan Stanley boosted their price target on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Finally, Barclays raised their target price on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Five equities 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $158.27.

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.