Financial Management Professionals Inc. Acquires 291 Shares of RTX Co. (NYSE:RTX)

Financial Management Professionals Inc. lifted its holdings in shares of RTX Co. (NYSE:RTX) by 48.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 886 shares of the company’s stock after acquiring an additional 291 shares during the quarter. Financial Management Professionals Inc.’s holdings in RTX were worth $87,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Jackson Hole Capital Partners LLC boosted its stake in shares of RTX by 0.3% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 39,562 shares of the company’s stock worth $3,993,000 after acquiring an additional 100 shares during the period. Tyler Stone Wealth Management boosted its stake in shares of RTX by 5.0% during the 4th quarter. Tyler Stone Wealth Management now owns 2,097 shares of the company’s stock worth $212,000 after acquiring an additional 100 shares during the period. Argent Advisors Inc. boosted its stake in shares of RTX by 2.8% during the 1st quarter. Argent Advisors Inc. now owns 3,720 shares of the company’s stock worth $364,000 after acquiring an additional 100 shares during the period. Legal Advantage Investments Inc. boosted its stake in shares of RTX by 0.5% during the 1st quarter. Legal Advantage Investments Inc. now owns 18,734 shares of the company’s stock worth $1,835,000 after acquiring an additional 101 shares during the period. Finally, Element Wealth LLC boosted its stake in RTX by 3.7% in the 1st quarter. Element Wealth LLC now owns 2,893 shares of the company’s stock valued at $283,000 after purchasing an additional 103 shares during the period. 79.06% of the stock is currently owned by institutional investors.

RTX Trading Up 0.4 %

NYSE RTX opened at $75.80 on Friday. The business’s 50-day moving average price is $87.19 and its two-hundred day moving average price is $94.05. RTX Co. has a 12 month low of $73.62 and a 12 month high of $108.84. The firm has a market capitalization of $110.33 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 1.92 and a beta of 0.97. The company has a current ratio of 1.10, a quick ratio of 0.81 and a debt-to-equity ratio of 0.44.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, July 25th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.18 by $0.11. RTX had a return on equity of 9.98% and a net margin of 7.88%. The company had revenue of $18.32 billion for the quarter, compared to analyst estimates of $17.68 billion. During the same quarter in the prior year, the company earned $1.16 EPS. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, analysts expect that RTX Co. will post 4.99 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on RTX shares. Barclays downgraded RTX from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $100.00 to $75.00 in a research note on Tuesday, September 12th. Citigroup reduced their price target on RTX from $113.50 to $95.00 and set a “neutral” rating for the company in a research note on Thursday, July 27th. JPMorgan Chase & Co. reduced their price target on RTX from $100.00 to $87.00 and set an “overweight” rating for the company in a research note on Wednesday. Argus cut RTX from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, StockNews.com cut RTX from a “buy” rating to a “hold” rating in a report on Monday, September 11th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.