KRS Capital Management LLC Sells 144 Shares of RTX Co. (NYSE:RTX)

KRS Capital Management LLC trimmed its stake in RTX Co. (NYSE:RTX) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,195 shares of the company’s stock after selling 144 shares during the period. KRS Capital Management LLC’s holdings in RTX were worth $601,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. bought a new stake in shares of RTX in the 3rd quarter valued at about $29,000. Modus Advisors LLC purchased a new position in RTX during the 4th quarter worth $39,000. Western Pacific Wealth Management LP purchased a new stake in RTX in the third quarter valued at about $41,000. Kimelman & Baird LLC purchased a new stake in RTX during the 2nd quarter worth approximately $46,000. Finally, ORG Wealth Partners LLC purchased a new position in RTX in the 3rd quarter worth $50,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Stock Up 0.7 %

RTX stock traded up $0.84 during trading on Friday, reaching $121.30. The stock had a trading volume of 4,182,063 shares, compared to its average volume of 3,467,505. RTX Co. has a 52-week low of $84.43 and a 52-week high of $128.70. The business has a 50 day moving average price of $118.10 and a 200 day moving average price of $117.45. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The stock has a market cap of $161.45 billion, a PE ratio of 34.66, a P/E/G ratio of 1.84 and a beta of 0.81.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 11.96% and a net margin of 5.97%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.25 earnings per share. On average, analysts predict that RTX Co. will post 5.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Susquehanna lowered their target price on shares of RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $130.00 to $140.00 in a research note on Thursday, December 19th. Barclays lifted their price objective on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Morgan Stanley raised their target price on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Finally, UBS Group increased 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. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.