CGN Advisors LLC Has $2.19 Million Stock Holdings in RTX Co. (NYSE:RTX)

CGN Advisors LLC decreased its stake in RTX Co. (NYSE:RTX) by 34.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,946 shares of the company’s stock after selling 9,929 shares during the quarter. CGN Advisors LLC’s holdings in RTX were worth $2,192,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of RTX. MidAtlantic Capital Management Inc. purchased a new position in shares of RTX in the third quarter worth approximately $29,000. Modus Advisors LLC purchased a new position in RTX during the 4th quarter worth approximately $39,000. Western Pacific Wealth Management LP acquired a new stake in RTX during the 3rd quarter valued at $41,000. Kimelman & Baird LLC acquired a new stake in shares of RTX in the second quarter worth $46,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of RTX during the third quarter valued at $50,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Susquehanna lowered their target price on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Citigroup increased their target price on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and upped their price target for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Wells Fargo & Company boosted their target price on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Finally, Barclays raised their price target on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $156.87.

RTX Stock Up 0.7 %

RTX stock opened at $121.30 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The company has a 50-day moving average of $118.10 and a two-hundred day moving average of $117.45. The stock has a market capitalization of $161.45 billion, a price-to-earnings ratio of 34.66, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81. RTX Co. has a 52-week low of $84.43 and a 52-week high of $128.70.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same quarter last year, the firm posted $1.25 EPS. The company’s revenue was up 6.0% on a year-over-year basis. As a group, equities research analysts anticipate that RTX Co. will post 5.55 EPS for the current year.

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.