Vigilare Wealth Management Reduces Holdings in RTX Co. (NYSE:RTX)

Vigilare Wealth Management lowered its position in RTX Co. (NYSE:RTX) by 27.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,672 shares of the company’s stock after selling 2,163 shares during the period. Vigilare Wealth Management’s holdings in RTX were worth $656,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. MidAtlantic Capital Management Inc. purchased a new position in shares of RTX during the 3rd quarter worth $29,000. Western Pacific Wealth Management LP purchased a new position in RTX during the third quarter worth about $41,000. Modus Advisors LLC purchased a new stake in shares of RTX in the 4th quarter valued at approximately $39,000. Fairfield Financial Advisors LTD acquired a new stake in shares of RTX during the 2nd quarter worth approximately $41,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of RTX during the 3rd quarter valued at approximately $50,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Up 2.4 %

Shares of RTX traded up $2.74 during midday trading on Monday, reaching $117.85. The stock had a trading volume of 3,867,676 shares, compared to its average volume of 3,641,217. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The company’s fifty day simple moving average is $118.18 and its two-hundred day simple moving average is $117.01. The company has a market cap of $156.86 billion, a price-to-earnings ratio of 33.67, a PEG ratio of 2.08 and a beta of 0.81. RTX Co. has a 1-year low of $84.43 and a 1-year high of $128.70.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.11. The business had revenue of $20.09 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.25 EPS. Equities research analysts expect that RTX Co. will post 5.56 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on RTX shares. Susquehanna cut their target price on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Barclays raised their price objective on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Morgan Stanley increased their target price on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. TD Cowen raised shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Finally, UBS Group increased their price objective on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.87.

About RTX

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.