BigSur Wealth Management LLC Sells 150 Shares of RTX Co. (NYSE:RTX)

BigSur Wealth Management LLC trimmed its position in RTX Co. (NYSE:RTX) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,814 shares of the company’s stock after selling 150 shares during the quarter. RTX makes up 1.1% of BigSur Wealth Management LLC’s holdings, making the stock its 24th largest position. BigSur Wealth Management LLC’s holdings in RTX were worth $3,913,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of RTX. UMB Bank n.a. increased its holdings in shares of RTX by 1.3% in the fourth quarter. UMB Bank n.a. now owns 100,153 shares of the company’s stock valued at $11,590,000 after purchasing an additional 1,237 shares during the last quarter. Strong Tower Advisory Services boosted its holdings in shares of RTX by 8.5% during the 4th quarter. Strong Tower Advisory Services now owns 21,173 shares of the company’s stock worth $2,450,000 after buying an additional 1,654 shares during the period. Wealth Management Partners LLC acquired a new position in RTX in the 4th quarter valued at about $499,000. Diversify Wealth Management LLC raised its holdings in RTX by 9.1% in the 4th quarter. Diversify Wealth Management LLC now owns 37,316 shares of the company’s stock valued at $4,295,000 after acquiring an additional 3,123 shares during the period. Finally, LVW Advisors LLC lifted its position in RTX by 3.0% during the fourth quarter. LVW Advisors LLC now owns 11,207 shares of the company’s stock worth $1,297,000 after acquiring an additional 329 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Susquehanna decreased their target price on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Citigroup increased their price objective on RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Morgan Stanley upped their price target on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Finally, TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Six 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 stock. According to MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.87.

RTX Stock Up 0.7 %

Shares of NYSE RTX opened at $121.30 on Monday. The company has a market cap of $161.45 billion, a price-to-earnings ratio of 34.66, a PEG ratio of 1.84 and a beta of 0.81. 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 12 month low of $84.43 and a 12 month high of $128.70. The stock has a 50-day moving average price of $118.10 and a two-hundred day moving average price of $117.69.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. During the same period in the prior year, the company earned $1.25 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, analysts forecast that RTX Co. will post 5.55 earnings per share for the current fiscal year.

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.