RTX Co. (NYSE:RTX) Shares Sold by LVM Capital Management Ltd. MI

LVM Capital Management Ltd. MI lowered its stake in RTX Co. (NYSE:RTX) by 2.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,347 shares of the company’s stock after selling 200 shares during the quarter. LVM Capital Management Ltd. MI’s holdings in RTX were worth $818,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of RTX. Norges Bank acquired a new stake in RTX during the 4th quarter valued at approximately $1,580,608,000. Moneta Group Investment Advisors LLC grew its stake in RTX by 87,932.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 13,614,259 shares of the company’s stock valued at $1,373,951,000 after purchasing an additional 13,598,794 shares in the last quarter. Sanders Capital LLC acquired a new stake in RTX during the 1st quarter valued at approximately $769,926,000. Morgan Stanley grew its stake in RTX by 11.3% during the 4th quarter. Morgan Stanley now owns 30,509,436 shares of the company’s stock valued at $3,079,013,000 after purchasing an additional 3,104,282 shares in the last quarter. Finally, Capital World Investors grew its position in shares of RTX by 32.8% in the 1st quarter. Capital World Investors now owns 9,130,557 shares of the company’s stock worth $904,564,000 after acquiring an additional 2,256,475 shares in the last quarter. Institutional investors and hedge funds own 79.06% of the company’s stock.

RTX Price Performance

Shares of NYSE RTX traded up $0.71 during mid-day trading on Friday, reaching $76.21. The company had a trading volume of 3,593,992 shares, compared to its average volume of 5,395,875. 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 $110.93 billion, a PE ratio of 20.03, a P/E/G ratio of 1.92 and a beta of 0.97. The company has a 50-day moving average price of $87.62 and a two-hundred day moving average price of $94.24. RTX Co. has a 1-year low of $73.62 and a 1-year high of $108.84.

RTX (NYSE:RTX) last issued its quarterly 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. RTX had a return on equity of 9.98% and a net margin of 7.88%. The business had revenue of $18.32 billion for the quarter, compared to the consensus estimate of $17.68 billion. During the same quarter in the previous year, the company posted $1.16 earnings per share. RTX’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities analysts anticipate that RTX Co. will post 4.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Robert W. Baird decreased their target price on RTX from $115.00 to $100.00 in a research report on Wednesday, July 26th. TD Cowen cut their price target on RTX from $109.00 to $99.00 and set an “outperform” rating on the stock in a report on Tuesday. DZ Bank downgraded RTX from a “buy” rating to a “hold” rating and set a $79.00 price target on the stock. in a report on Thursday. Susquehanna cut their price target on RTX from $117.00 to $110.00 in a report on Wednesday, July 26th. Finally, Melius downgraded RTX from an “overweight” rating to a “neutral” rating and set a $92.00 target price on the stock. in a research note on Monday. 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 company. According to data from MarketBeat.com, RTX has a consensus rating of “Hold” and a consensus target price of $95.88.

RTX Profile

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.