HBW Advisory Services LLC Sells 262 Shares of RTX Co. (NYSE:RTX)

HBW Advisory Services LLC reduced its stake in RTX Co. (NYSE:RTX) by 12.1% during the 4th quarter, HoldingsChannel reports. The firm owned 1,912 shares of the company’s stock after selling 262 shares during the quarter. HBW Advisory Services LLC’s holdings in RTX were worth $221,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of RTX. MidAtlantic Capital Management Inc. bought a new stake in RTX in the third quarter valued at $29,000. Modus Advisors LLC acquired a new stake in shares of RTX during the 4th quarter worth about $39,000. Fairfield Financial Advisors LTD bought a new position in RTX during the 2nd quarter valued at about $41,000. Western Pacific Wealth Management LP acquired a new position in RTX in the third quarter valued at about $41,000. Finally, Kimelman & Baird LLC bought a new stake in RTX during the second quarter worth about $46,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on RTX. Morgan Stanley boosted their target price on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. TD Cowen raised RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Citigroup raised their target price on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Susquehanna reduced their price target on shares of RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research report on Wednesday. Finally, Wells Fargo & Company raised their price objective on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $156.87.

RTX Stock Down 0.7 %

Shares of RTX stock opened at $115.06 on Friday. RTX Co. has a 12 month low of $84.43 and a 12 month high of $128.70. The business has a fifty day simple moving average of $118.18 and a 200 day simple moving average of $116.90. 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 $153.15 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 2.08 and a beta of 0.81.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company 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 business posted $1.25 EPS. RTX’s revenue was up 6.0% on a year-over-year basis. Research analysts predict that RTX Co. will post 5.56 EPS for the current year.

About RTX

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.