Householder Group Estate & Retirement Specialist LLC Sells 843 Shares of RTX Co. (NYSE:RTX)

Householder Group Estate & Retirement Specialist LLC decreased its position in shares of RTX Co. (NYSE:RTX) by 78.1% in the 4th quarter, HoldingsChannel reports. The firm owned 237 shares of the company’s stock after selling 843 shares during the quarter. Householder Group Estate & Retirement Specialist LLC’s holdings in RTX were worth $27,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Relyea Zuckerberg Hanson LLC lifted its position in RTX by 2.2% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 5,567 shares of the company’s stock worth $644,000 after purchasing an additional 119 shares during the period. CNB Bank lifted its holdings in shares of RTX by 5.3% in the fourth quarter. CNB Bank now owns 11,084 shares of the company’s stock worth $1,283,000 after acquiring an additional 561 shares during the last quarter. Saxon Interests Inc. lifted its holdings in shares of RTX by 25.7% in the fourth quarter. Saxon Interests Inc. now owns 3,248 shares of the company’s stock worth $376,000 after acquiring an additional 665 shares during the last quarter. Procyon Advisors LLC lifted its holdings in shares of RTX by 4.1% in the fourth quarter. Procyon Advisors LLC now owns 35,374 shares of the company’s stock worth $4,094,000 after acquiring an additional 1,404 shares during the last quarter. Finally, Goldstone Financial Group LLC lifted its holdings in shares of RTX by 14.5% in the fourth quarter. Goldstone Financial Group LLC now owns 2,600 shares of the company’s stock worth $301,000 after acquiring an additional 329 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

RTX has been the subject of a number of research reports. 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. Barclays increased their target price on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Citigroup increased their target price on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Finally, Morgan Stanley raised their price objective 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. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $156.87.

RTX Stock Performance

NYSE:RTX opened at $121.30 on Friday. The company has a market capitalization of $161.45 billion, a PE ratio of 34.66, a P/E/G ratio of 1.84 and a beta of 0.81. The company has a 50 day simple moving average of $118.10 and a two-hundred day simple moving average of $117.57. 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 fifty-two week low of $84.43 and a fifty-two week high of $128.70.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.34 by $0.11. The company 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 quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.25 EPS. Research analysts anticipate that RTX Co. will post 5.55 earnings per share 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.