Hudson Valley Investment Advisors Inc. ADV Has $1.14 Million Holdings in RTX Co. (NYSE:RTX)

Hudson Valley Investment Advisors Inc. ADV lessened its stake in RTX Co. (NYSE:RTX) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,869 shares of the company’s stock after selling 493 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in RTX were worth $1,142,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MidAtlantic Capital Management Inc. bought a new stake in shares of RTX in the third quarter worth $29,000. Modus Advisors LLC acquired a new position in shares of RTX in the fourth quarter valued at $39,000. Fairfield Financial Advisors LTD bought a new position in RTX in the 2nd quarter valued at about $41,000. Western Pacific Wealth Management LP acquired a new stake in RTX during the 3rd quarter worth approximately $41,000. Finally, Kimelman & Baird LLC bought a new stake in shares of RTX in the second quarter valued at about $46,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Up 1.1 %

Shares of NYSE:RTX opened at $116.02 on Friday. 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 business’s 50 day moving average is $118.26 and its 200 day moving average is $116.71. RTX Co. has a 12-month low of $84.43 and a 12-month high of $128.70. The stock has a market cap of $154.42 billion, a price-to-earnings ratio of 33.15, a PEG ratio of 2.08 and a beta of 0.81.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The firm had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter last year, the company earned $1.25 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts forecast that RTX Co. will post 5.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RTX. Susquehanna dropped their price target on shares of RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research report on Wednesday. TD Cowen raised RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Wells Fargo & Company boosted their price target on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday. Morgan Stanley boosted their target price on shares of 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 target on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.87.

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.