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

180 Wealth Advisors LLC cut its stake in shares of RTX Co. (NYSE:RTX) by 10.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in RTX. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX during the third quarter worth $29,000. Modus Advisors LLC acquired a new position in shares of RTX in the 4th quarter valued at about $39,000. Fairfield Financial Advisors LTD acquired a new stake in RTX during the second quarter worth approximately $41,000. Western Pacific Wealth Management LP acquired a new stake in shares of RTX during the 3rd quarter worth approximately $41,000. Finally, Kimelman & Baird LLC acquired a new stake in RTX in the second quarter worth $46,000. Institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on RTX shares. Susquehanna dropped 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. Morgan Stanley increased their price objective on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. UBS Group raised their price target on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada upgraded shares of RTX from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. Finally, Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and upped their target price for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Six 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, RTX has a consensus rating of “Moderate Buy” and an average price target of $156.87.

RTX Stock Up 2.4 %

RTX stock opened at $117.85 on Tuesday. The stock has a 50-day simple moving average of $118.18 and a two-hundred day simple moving average of $117.14. 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 Co. has a twelve month low of $84.43 and a twelve month high of $128.70. The firm 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.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. The firm had revenue of $20.09 billion during 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% on a year-over-year basis. During the same period in the previous year, the business earned $1.25 EPS. On average, equities analysts predict that RTX Co. will post 5.56 EPS for the current fiscal 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.