Mutual Advisors LLC Trims Stake in RTX Co. (NYSE:RTX)

Mutual Advisors LLC lessened its stake in RTX Co. (NYSE:RTX) by 20.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 40,716 shares of the company’s stock after selling 10,169 shares during the quarter. Mutual Advisors LLC’s holdings in RTX were worth $4,905,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. MidAtlantic Capital Management Inc. bought a new stake in RTX during the third quarter valued at about $29,000. Modus Advisors LLC acquired a new stake in shares of RTX during the fourth quarter worth $39,000. Western Pacific Wealth Management LP acquired a new stake in shares of RTX in the third quarter worth $41,000. Kimelman & Baird LLC acquired a new position in shares of RTX in the 2nd quarter valued at $46,000. Finally, ORG Wealth Partners LLC acquired a new stake in RTX in the third quarter valued at approximately $50,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Price Performance

RTX stock opened at $124.49 on Thursday. The stock has a 50-day simple moving average of $118.10 and a 200-day simple moving average of $118.06. The firm has a market cap of $165.69 billion, a P/E ratio of 35.57, a price-to-earnings-growth ratio of 2.01 and a beta of 0.81. 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 1 year low of $87.96 and a 1 year high of $128.70.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The business had revenue of $20.09 billion for the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.25 earnings per share. On average, equities analysts predict that RTX Co. will post 5.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

RTX has been the topic of a number of recent research reports. Susquehanna dropped their price objective on shares of RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and boosted their price target for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. UBS Group boosted their price target on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company raised their target price on shares of RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Finally, Citigroup raised RTX from a “neutral” rating to a “buy” rating and raised their price target for the stock from $132.00 to $153.00 in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $158.27.

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.