RTX Co. (NYSE:RTX) Shares Sold by PSI Advisors LLC

PSI Advisors LLC reduced its position in RTX Co. (NYSE:RTX) by 26.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 447 shares of the company’s stock after selling 164 shares during the period. PSI Advisors LLC’s holdings in RTX were worth $52,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in RTX. Acadian Asset Management LLC lifted its position in shares of RTX by 26.4% during the 2nd quarter. Acadian Asset Management LLC now owns 1,700 shares of the company’s stock valued at $170,000 after buying an additional 355 shares in the last quarter. Federated Hermes Inc. raised its position in RTX by 36.1% during the second quarter. Federated Hermes Inc. now owns 9,613 shares of the company’s stock worth $965,000 after acquiring an additional 2,552 shares during the period. One Capital Management LLC lifted its holdings in RTX by 115.7% during the second quarter. One Capital Management LLC now owns 6,768 shares of the company’s stock valued at $679,000 after purchasing an additional 3,631 shares in the last quarter. Edgestream Partners L.P. grew its position in shares of RTX by 140.5% in the second quarter. Edgestream Partners L.P. now owns 8,022 shares of the company’s stock valued at $805,000 after purchasing an additional 4,686 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of RTX during the second quarter worth about $5,623,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Price Performance

Shares of RTX stock opened at $119.36 on Wednesday. The firm’s 50-day moving average is $118.18 and its two-hundred day moving average 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 debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The company has a market capitalization of $158.87 billion, a PE ratio of 34.10, a price-to-earnings-growth ratio of 2.08 and a beta of 0.81.

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

Wall Street Analyst Weigh In

RTX has been the topic of a number of research reports. Barclays raised their price target on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Wells Fargo & Company raised their target price on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Susquehanna lowered their price target on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. UBS Group increased their price objective on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Citigroup lifted their target price on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Six equities research 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.