Capital Investment Advisors LLC Trims Holdings in RTX Co. (NYSE:RTX)

Capital Investment Advisors LLC lowered its stake in shares of RTX Co. (NYSE:RTX) by 0.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 132,765 shares of the company’s stock after selling 908 shares during the period. Capital Investment Advisors LLC’s holdings in RTX were worth $15,364,000 at the end of the most recent reporting period.

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

RTX Stock Performance

RTX traded up $2.05 during trading on Monday, reaching $117.16. The company’s stock had a trading volume of 1,523,945 shares, compared to its average volume of 3,344,150. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The company’s fifty day moving average price is $118.18 and its 200-day moving average price is $117.01. The company has a market capitalization of $155.94 billion, a price-to-earnings ratio of 33.47, a price-to-earnings-growth ratio of 2.08 and a beta of 0.81. RTX Co. has a 52-week low of $84.43 and a 52-week high of $128.70.

RTX (NYSE:RTX) last issued its 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. RTX had a net margin of 5.97% and a return on equity of 11.96%. The company had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. During the same period last year, the company posted $1.25 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities analysts forecast that RTX Co. will post 5.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RTX. Citigroup lifted their target price on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. UBS Group upped their target price on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Susquehanna decreased their price target 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. Wells Fargo & Company lifted their price objective 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, TD Cowen raised RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Six equities research 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.