Peoples Bank KS Decreases Holdings in RTX Co. (NYSE:RTX)

Peoples Bank KS reduced its position in RTX Co. (NYSE:RTX) by 11.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,865 shares of the company’s stock after selling 631 shares during the period. Peoples Bank KS’s holdings in RTX were worth $563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Strathmore Capital Advisors Inc. purchased a new position in RTX in the fourth quarter worth about $310,000. Spartan Planning & Wealth Management purchased a new position in shares of RTX in the fourth quarter worth approximately $224,000. Iowa State Bank grew its position in RTX by 0.3% during the fourth quarter. Iowa State Bank now owns 35,413 shares of the company’s stock valued at $4,098,000 after buying an additional 109 shares during the period. CWA Asset Management Group LLC increased its holdings in RTX by 12.0% during the fourth quarter. CWA Asset Management Group LLC now owns 39,313 shares of the company’s stock valued at $4,549,000 after buying an additional 4,198 shares during the last quarter. Finally, First Citizens Financial Corp raised its position in RTX by 4.9% in the fourth quarter. First Citizens Financial Corp now owns 3,777 shares of the company’s stock worth $437,000 after acquiring an additional 175 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Trading Up 0.5 %

Shares of RTX stock opened at $114.68 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $152.64 billion, a price-to-earnings ratio of 32.77, a price-to-earnings-growth ratio of 2.08 and a beta of 0.81. RTX Co. has a 12-month low of $84.43 and a 12-month high of $128.70. The stock’s 50-day moving average price is $118.48 and its 200-day moving average price is $116.72.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. The firm 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 revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $1.25 earnings per share. Equities research analysts predict that RTX Co. will post 5.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Morgan Stanley upped their price objective on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $130.00 to $140.00 in a research report on Thursday, December 19th. TD Cowen raised RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and increased their target price for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Finally, Barclays upped their price target on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $178.67.

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.