Fulton Breakefield Broenniman LLC Sells 235 Shares of RTX Co. (NYSE:RTX)

Fulton Breakefield Broenniman LLC trimmed its stake in RTX Co. (NYSE:RTX) by 3.3% in the fourth quarter, Holdings Channel reports. The firm owned 6,925 shares of the company’s stock after selling 235 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in RTX were worth $801,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. bought a new stake in shares of RTX during the 3rd quarter valued at about $29,000. Modus Advisors LLC purchased a new position in shares of RTX in the fourth quarter worth about $39,000. Western Pacific Wealth Management LP bought a new stake in shares of RTX in the third quarter worth about $41,000. Kimelman & Baird LLC bought a new stake in RTX during the 2nd quarter valued at approximately $46,000. Finally, ORG Wealth Partners LLC bought a new stake in RTX during the 3rd quarter valued at approximately $50,000. 86.50% of the stock is currently owned by institutional investors.

RTX Price Performance

RTX opened at $128.21 on Wednesday. RTX Co. has a fifty-two week low of $88.90 and a fifty-two week high of $132.43. The firm has a market cap of $170.65 billion, a P/E ratio of 36.63, a PEG ratio of 1.99 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The firm has a 50-day moving average of $118.67 and a 200 day moving average of $118.89.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 11.96% and a net margin of 5.97%. On average, research analysts expect that RTX Co. will post 5.56 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on RTX. Citigroup raised RTX from a “neutral” rating to a “buy” rating and raised their target price for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and upped their price objective for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Finally, Susquehanna lowered their target price on shares of RTX from $150.00 to $139.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $158.27.

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.