RTX Co. (NYSE:RTX) Stake Lessened by Vigilare Wealth Management

Vigilare Wealth Management cut its stake in RTX Co. (NYSE:RTX) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,433 shares of the company’s stock after selling 188 shares during the period. RTX makes up approximately 0.8% of Vigilare Wealth Management’s investment portfolio, making the stock its 25th biggest position. Vigilare Wealth Management’s holdings in RTX were worth $1,316,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cantor Fitzgerald Investment Advisor L.P boosted its holdings in RTX by 94.5% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 322,180 shares of the company’s stock worth $31,918,000 after buying an additional 156,550 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of RTX by 9.2% in the 1st quarter. Parkside Financial Bank & Trust now owns 11,011 shares of the company’s stock valued at $1,091,000 after acquiring an additional 931 shares in the last quarter. Ironwood Wealth Management LLC. lifted its position in shares of RTX by 1.2% in the 1st quarter. Ironwood Wealth Management LLC. now owns 10,761 shares of the company’s stock valued at $1,066,000 after acquiring an additional 128 shares in the last quarter. AMI Investment Management Inc. lifted its position in shares of RTX by 53.1% in the 1st quarter. AMI Investment Management Inc. now owns 35,502 shares of the company’s stock valued at $3,517,000 after acquiring an additional 12,316 shares in the last quarter. Finally, LSV Asset Management lifted its position in shares of RTX by 1.4% in the 1st quarter. LSV Asset Management now owns 141,700 shares of the company’s stock valued at $14,038,000 after acquiring an additional 2,000 shares in the last quarter. 79.06% of the stock is currently owned by institutional investors.

RTX Stock Performance

NYSE:RTX traded up $0.30 during midday trading on Friday, reaching $75.80. The stock had a trading volume of 16,049,827 shares, compared to its average volume of 7,307,043. RTX Co. has a 1-year low of $73.62 and a 1-year high of $108.84. The firm’s fifty day simple moving average is $87.19 and its 200-day simple moving average is $94.05. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.10 and a quick ratio of 0.81. The stock has a market capitalization of $110.33 billion, a P/E ratio of 20.11, a PEG ratio of 1.92 and a beta of 0.97.

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

Analyst Ratings Changes

RTX has been the subject of several research analyst reports. Susquehanna reduced their price target on shares of RTX from $117.00 to $110.00 in a research report on Wednesday, July 26th. Barclays downgraded shares of 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 report on Tuesday, September 12th. Argus downgraded shares of RTX from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Citigroup cut their target price on shares of RTX from $113.50 to $95.00 and set a “neutral” rating for the company in a research report on Thursday, July 27th. Finally, TD Cowen cut their target price on shares of RTX from $109.00 to $99.00 and set an “outperform” rating for the company in a research report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, RTX currently has a consensus rating of “Hold” and an average price target 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.