Atria Wealth Solutions Inc. lessened its stake in shares of RTX Co. (NYSE:RTX – Free Report) by 0.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 90,160 shares of the company’s stock after selling 841 shares during the period. Atria Wealth Solutions Inc.’s holdings in RTX were worth $9,099,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. IAG Wealth Partners LLC acquired a new stake in shares of RTX in the 1st quarter valued at approximately $27,000. Quarry LP acquired a new stake in RTX in the first quarter valued at $28,000. Pin Oak Investment Advisors Inc. grew its position in shares of RTX by 60.5% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 353 shares of the company’s stock valued at $36,000 after acquiring an additional 133 shares during the period. Rebalance LLC acquired a new position in shares of RTX during the 4th quarter worth about $36,000. Finally, Tanglewood Legacy Advisors LLC bought a new stake in shares of RTX in the 4th quarter valued at about $41,000. 79.06% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
RTX has been the subject of a number of research analyst reports. Susquehanna reduced their price target on RTX from $117.00 to $110.00 in a report on Wednesday, July 26th. Morgan Stanley restated an “equal weight” rating and issued a $95.00 price target (down previously from $110.00) on shares of RTX in a research note on Wednesday, July 26th. Melius cut shares of RTX from an “overweight” rating to a “neutral” rating and set a $92.00 price objective for the company. in a research report on Monday. Bank of America lowered shares of RTX from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $95.00 to $75.00 in a research report on Thursday. Finally, Robert W. Baird reduced their target price on shares of RTX from $115.00 to $100.00 in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $95.88.
RTX Stock Performance
Shares of RTX stock opened at $75.56 on Thursday. The stock has a 50 day simple moving average of $88.07 and a 200 day simple moving average of $94.37. RTX Co. has a 1 year low of $73.66 and a 1 year high of $108.84. The company has a current ratio of 1.10, a quick ratio of 0.81 and a debt-to-equity ratio of 0.44. The stock has a market cap of $109.98 billion, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 2.14 and a beta of 0.97.
RTX (NYSE:RTX – Get Free Report) last released its earnings results on Tuesday, July 25th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.11. The firm had revenue of $18.32 billion during the quarter, compared to the consensus estimate of $17.68 billion. RTX had a return on equity of 9.98% and a net margin of 7.88%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.16 EPS. On average, research analysts predict that RTX Co. will post 5 earnings per share for the current fiscal year.
RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for aircraft manufacturers and airlines, as well as regional, business, and general aviation; and for defense and commercial space operations.
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