StrongBox Wealth LLC Decreases Stake in RTX Co. (NYSE:RTX)

StrongBox Wealth LLC cut its holdings in shares of RTX Co. (NYSE:RTX) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,793 shares of the company’s stock after selling 1,010 shares during the period. RTX comprises about 1.6% of StrongBox Wealth LLC’s investment portfolio, making the stock its 23rd biggest holding. StrongBox Wealth LLC’s holdings in RTX were worth $3,795,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. MidAtlantic Capital Management Inc. acquired a new stake in RTX during the 3rd quarter valued at approximately $29,000. Modus Advisors LLC acquired a new stake in shares of RTX during the fourth quarter worth approximately $39,000. Western Pacific Wealth Management LP bought a new stake in shares of RTX in the third quarter worth $41,000. Kimelman & Baird LLC acquired a new stake in RTX in the second quarter valued at $46,000. Finally, ORG Wealth Partners LLC acquired a new stake in RTX in the third quarter valued at $50,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Down 0.3 %

RTX stock opened at $119.07 on Thursday. The stock has a market cap of $158.48 billion, a PE ratio of 34.02, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81. The firm’s 50-day simple moving average is $118.14 and its 200 day simple moving average is $117.28. RTX Co. has a fifty-two week low of $84.43 and a fifty-two week high of $128.70. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.34 by $0.11. The company had revenue of $20.09 billion for 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 was up 6.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.25 earnings per share. As a group, sell-side analysts predict that RTX Co. will post 5.55 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on RTX shares. Morgan Stanley boosted their target price on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. UBS Group boosted their price objective on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Barclays increased their target price on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $130.00 to $140.00 in a report on Thursday, December 19th. Finally, Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and upped their price target for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Six equities 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 company’s stock. According to data from MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and an average target price of $156.87.

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.