180 Wealth Advisors LLC Sells 1,584 Shares of RTX Co. (NYSE:RTX)

180 Wealth Advisors LLC reduced its position in RTX Co. (NYSE:RTX) by 10.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,249 shares of the company’s stock after selling 1,584 shares during the quarter. 180 Wealth Advisors LLC’s holdings in RTX were worth $1,649,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. MidAtlantic Capital Management Inc. bought a new position in RTX during the third quarter worth about $29,000. Modus Advisors LLC acquired a new stake in RTX in the 4th quarter valued at $39,000. Fairfield Financial Advisors LTD bought a new stake in RTX in the second quarter valued at $41,000. Western Pacific Wealth Management LP acquired a new stake in shares of RTX during the 3rd quarter worth about $41,000. Finally, Kimelman & Baird LLC acquired a new position in shares of RTX in the 2nd quarter worth approximately $46,000. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

RTX stock opened at $117.85 on Tuesday. The company’s 50-day moving average price is $118.18 and its two-hundred day moving average price is $117.14. RTX Co. has a 12 month low of $84.43 and a 12 month high of $128.70. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The firm has a market cap of $156.86 billion, a P/E ratio of 33.67, a P/E/G ratio of 2.08 and a beta of 0.81.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The company 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%. RTX’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.25 EPS. On average, analysts anticipate that RTX Co. will post 5.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

RTX has been the topic of several recent research reports. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. Morgan Stanley upped their price target on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. TD Cowen raised RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Wells Fargo & Company increased their price objective on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Finally, Susquehanna reduced 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. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.