RTX Co. (NYSE:RTX) Shares Sold by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC lessened its stake in shares of RTX Co. (NYSE:RTXFree Report) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,701 shares of the company’s stock after selling 245 shares during the quarter. Harbour Capital Advisors LLC’s holdings in RTX were worth $3,557,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in RTX. Elgethun Capital Management lifted its stake in RTX by 3.8% during the second quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock valued at $233,000 after purchasing an additional 85 shares during the last quarter. Avestar Capital LLC increased its holdings in shares of RTX by 0.6% in the third quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock valued at $1,752,000 after buying an additional 85 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC lifted its position in shares of RTX by 20.1% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock valued at $62,000 after acquiring an additional 86 shares during the last quarter. Blackston Financial Advisory Group LLC boosted its stake in shares of RTX by 3.7% during the 3rd quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock worth $291,000 after acquiring an additional 86 shares in the last quarter. Finally, Canal Capital Management LLC grew its holdings in shares of RTX by 2.1% in the 3rd quarter. Canal Capital Management LLC now owns 4,253 shares of the company’s stock worth $515,000 after acquiring an additional 87 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RTX. Barclays increased their price target on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Susquehanna decreased their target price 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. 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 report on Wednesday, October 23rd. UBS Group lifted their price objective on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and increased their target price for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $156.87.

Get Our Latest Stock Analysis on RTX

RTX Stock Up 1.9 %

Shares of RTX stock traded up $2.19 during midday trading on Monday, reaching $117.30. 3,027,601 shares of the company’s stock traded hands, compared to its average volume of 3,571,299. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. RTX Co. has a 52 week low of $84.43 and a 52 week high of $128.70. The company’s 50 day simple moving average is $118.18 and its 200 day simple moving average is $117.01. The company has a market cap of $156.13 billion, a price-to-earnings ratio of 33.51, a price-to-earnings-growth ratio of 2.08 and a beta of 0.81.

RTX (NYSE:RTXGet Free Report) last posted its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.11. The company had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $1.25 earnings per share. Equities analysts expect that RTX Co. will post 5.56 earnings per share for the current fiscal year.

About RTX

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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