RTX Co. (NYSE:RTX) Stake Reduced by Woodstock Corp

Woodstock Corp lowered its holdings in RTX Co. (NYSE:RTX) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 151,335 shares of the company’s stock after selling 245 shares during the period. RTX comprises 1.7% of Woodstock Corp’s holdings, making the stock its 12th biggest holding. Woodstock Corp’s holdings in RTX were worth $17,512,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MidAtlantic Capital Management Inc. purchased a new stake in shares of RTX during the third quarter valued at $29,000. Western Pacific Wealth Management LP acquired a new stake in RTX during the 3rd quarter worth about $41,000. Modus Advisors LLC purchased a new stake in RTX during the fourth quarter valued at about $39,000. ORG Wealth Partners LLC acquired a new position in shares of RTX in the third quarter worth about $50,000. Finally, Kimelman & Baird LLC purchased a new position in shares of RTX in the second quarter worth approximately $46,000. 86.50% of the stock is currently owned by institutional investors.

RTX Price Performance

NYSE RTX opened at $120.38 on Friday. The company has a 50 day moving average price of $118.14 and a two-hundred day moving average price of $117.30. RTX Co. has a 12-month low of $84.43 and a 12-month high of $128.70. The stock has a market capitalization of $160.22 billion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81. 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 (NYSE:RTX) last released its quarterly earnings data 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. The business had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. RTX’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.25 EPS. As a group, equities analysts predict that RTX Co. will post 5.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RTX has been the subject of several research analyst reports. Citigroup upped their price target on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and raised their target price for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Wells Fargo & Company upped their price target on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. UBS Group raised their price objective on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Morgan Stanley increased 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. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $156.87.

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.