Iams Wealth Management LLC cut its holdings in shares of RTX Co. (NYSE:RTX – Free Report) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,295 shares of the company’s stock after selling 163 shares during the quarter. Iams Wealth Management LLC’s holdings in RTX were worth $613,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Ascent Group LLC bought a new stake in shares of RTX in the second quarter valued at about $251,000. Magnolia Capital Advisors LLC bought a new stake in shares of RTX in the 2nd quarter worth approximately $253,000. Invst LLC bought a new stake in shares of RTX during the second quarter valued at approximately $243,000. Gateway Wealth Partners LLC boosted its stake in RTX by 7.5% during the second quarter. Gateway Wealth Partners LLC now owns 4,558 shares of the company’s stock worth $458,000 after buying an additional 319 shares in the last quarter. Finally, Kimelman & Baird LLC bought a new stake in RTX in the 2nd quarter valued at $46,000. Institutional investors and hedge funds own 86.50% of the company’s stock.
RTX Stock Performance
RTX stock opened at $128.45 on Wednesday. The company has a market cap of $170.96 billion, a PE ratio of 36.77, a PEG ratio of 1.99 and a beta of 0.81. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. RTX Co. has a 1 year low of $88.90 and a 1 year high of $132.43. The company’s 50-day moving average is $118.67 and its two-hundred day moving average is $118.89.
Analyst Upgrades and Downgrades
RTX has been the topic of several recent research reports. Morgan Stanley lifted their target price 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. Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. UBS Group boosted their price target on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. 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 research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. upped their target price on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, RTX has a consensus rating of “Moderate Buy” and an average price target of $159.60.
Get Our Latest Analysis on RTX
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.
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