IVC Wealth Advisors LLC Lowers Stock Position in RTX Co. (NYSE:RTX)

IVC Wealth Advisors LLC trimmed its holdings in shares of RTX Co. (NYSE:RTX) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,939 shares of the company’s stock after selling 84 shares during the quarter. IVC Wealth Advisors LLC’s holdings in RTX were worth $340,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. bought a new position in shares of RTX in the 3rd quarter worth $29,000. Modus Advisors LLC bought a new position in RTX in the fourth quarter worth about $39,000. Western Pacific Wealth Management LP purchased a new stake in shares of RTX during the third quarter valued at about $41,000. Kimelman & Baird LLC purchased a new position in shares of RTX in the 2nd quarter worth approximately $46,000. Finally, ORG Wealth Partners LLC bought a new position in shares of RTX during the 3rd quarter worth approximately $50,000. Institutional investors own 86.50% of the company’s stock.

RTX Stock Up 1.6 %

Shares of RTX stock opened at $126.34 on Friday. 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 twelve month low of $88.70 and a twelve month high of $128.70. The stock has a 50 day moving average of $118.25 and a 200 day moving average of $118.12. The stock has a market cap of $168.17 billion, a P/E ratio of 36.10, a P/E/G ratio of 1.99 and a beta of 0.81.

RTX (NYSE:RTX) last posted its earnings results 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. RTX had a net margin of 5.97% and a return on equity of 11.96%. The firm had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. During the same period in the previous year, the business posted $1.25 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts expect that RTX Co. will post 5.56 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Morgan Stanley upped their price target on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada upgraded shares of 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 report on Thursday, December 19th. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $132.00 to $153.00 in a research report on Tuesday. Susquehanna decreased their price target on shares of RTX from $150.00 to $139.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Finally, UBS Group boosted their price objective on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $158.27.

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.