LVM Capital Management Ltd. MI Sells 564 Shares of RTX Co. (NYSE:RTX)

LVM Capital Management Ltd. MI lessened its stake in RTX Co. (NYSE:RTX) by 6.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,727 shares of the company’s stock after selling 564 shares during the quarter. LVM Capital Management Ltd. MI’s holdings in RTX were worth $894,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Marshall Wace LLP grew its holdings in RTX by 1,247.1% during the 2nd quarter. Marshall Wace LLP now owns 2,053,706 shares of the company’s stock valued at $206,172,000 after purchasing an additional 1,901,256 shares during the last quarter. International Assets Investment Management LLC increased its holdings in RTX by 11,235.6% during the third quarter. International Assets Investment Management LLC now owns 1,701,013 shares of the company’s stock valued at $206,095,000 after buying an additional 1,686,007 shares during the period. Fisher Asset Management LLC increased its holdings in shares of RTX by 4.8% in the 3rd quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock valued at $2,238,004,000 after acquiring an additional 852,183 shares during the period. Hsbc Holdings PLC raised its holdings in RTX by 47.9% in the second quarter. Hsbc Holdings PLC now owns 2,448,780 shares of the company’s stock worth $246,300,000 after purchasing an additional 792,830 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of RTX by 256.6% during the third quarter. Janus Henderson Group PLC now owns 976,527 shares of the company’s stock worth $118,309,000 after purchasing an additional 702,699 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Stock Down 0.3 %

Shares of RTX traded down $0.31 during mid-day trading on Friday, reaching $115.61. The company’s stock had a trading volume of 1,602,033 shares, compared to its average volume of 3,212,860. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. RTX Co. has a 12-month low of $84.43 and a 12-month high of $128.70. The company’s 50 day moving average is $118.26 and its 200 day moving average is $116.71. The stock has a market cap of $153.88 billion, a PE ratio of 33.03, a price-to-earnings-growth ratio of 2.08 and a beta of 0.81.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.11. The business had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.25 EPS. Equities analysts anticipate that RTX Co. will post 5.56 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and upped their price target for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Barclays lifted their price target on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Citigroup lifted their target price on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $130.00 to $140.00 in a research report on Thursday, December 19th. Finally, UBS Group boosted their price objective on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.87.

RTX Profile

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.