Moody National Bank Trust Division Decreases Stock Holdings in RTX Co. (NYSE:RTX)

Moody National Bank Trust Division lowered its position in RTX Co. (NYSE:RTX) by 0.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 14,781 shares of the company’s stock after selling 106 shares during the quarter. Moody National Bank Trust Division’s holdings in RTX were worth $1,710,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Acadian Asset Management LLC raised its position in shares of RTX by 26.4% in the 2nd quarter. Acadian Asset Management LLC now owns 1,700 shares of the company’s stock valued at $170,000 after purchasing an additional 355 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of RTX by 36.1% during the second quarter. Federated Hermes Inc. now owns 9,613 shares of the company’s stock worth $965,000 after buying an additional 2,552 shares during the period. Fairfield Financial Advisors LTD purchased a new stake in shares of RTX during the second quarter valued at $41,000. Black Diamond Financial LLC purchased a new position in RTX in the 2nd quarter worth $283,000. Finally, Dimensional Fund Advisors LP lifted its position in RTX by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,444,471 shares of the company’s stock worth $747,347,000 after acquiring an additional 417,789 shares during the period. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

Shares of NYSE RTX opened at $117.85 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The firm has a market cap of $156.86 billion, a PE ratio of 33.67, a PEG ratio of 2.08 and a beta of 0.81. RTX Co. has a one year low of $84.43 and a one year high of $128.70. The firm has a fifty day moving average of $118.18 and a 200 day moving average of $117.14.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.11. The firm had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.25 EPS. As a group, research analysts predict that RTX Co. will post 5.56 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Morgan Stanley lifted their target price on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. UBS Group upped 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. 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 research report on Wednesday, January 8th. Barclays increased their price target on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Finally, TD Cowen raised RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $156.87.

About RTX

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.