Courier Capital LLC Lowers Stake in RTX Co. (NYSE:RTX)

Courier Capital LLC lessened its stake in shares of RTX Co. (NYSE:RTX) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,335 shares of the company’s stock after selling 2,442 shares during the quarter. Courier Capital LLC’s holdings in RTX were worth $6,635,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX in the third quarter valued at about $29,000. Western Pacific Wealth Management LP acquired a new stake in shares of RTX in the 3rd quarter worth approximately $41,000. Modus Advisors LLC purchased a new position in RTX in the 4th quarter valued at approximately $39,000. Fairfield Financial Advisors LTD purchased a new stake in RTX during the second quarter worth $41,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of RTX during the 3rd quarter worth $50,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RTX has been the subject of several research reports. TD Cowen upgraded RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Susquehanna dropped their price objective on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada upgraded shares of RTX from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $130.00 to $140.00 in a report on Thursday, December 19th. Barclays boosted their price objective 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. Finally, UBS Group boosted their price target on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a 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’s stock. According to data from MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and an average target price of $156.87.

RTX Stock Performance

Shares of RTX stock traded up $2.74 during trading on Monday, reaching $117.85. 5,412,587 shares of the company’s stock were exchanged, compared to its average volume of 3,927,971. RTX Co. has a twelve month low of $84.43 and a twelve month high of $128.70. The stock has a market capitalization of $156.86 billion, a PE ratio of 33.67, a PEG ratio of 2.08 and a beta of 0.81. The firm’s fifty day moving average price is $118.18 and its 200-day moving average price is $117.01. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last released its quarterly earnings data 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. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same period last year, the firm posted $1.25 earnings per share. RTX’s revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that RTX Co. will post 5.56 EPS for the current year.

RTX Company 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.