Highland Capital Management LLC Trims Holdings in RTX Co. (NYSE:RTX)

Highland Capital Management LLC decreased its holdings in shares of RTX Co. (NYSE:RTX) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 109,886 shares of the company’s stock after selling 2,769 shares during the period. RTX makes up about 0.7% of Highland Capital Management LLC’s holdings, making the stock its 28th largest holding. Highland Capital Management LLC’s holdings in RTX were worth $12,716,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in RTX. MidAtlantic Capital Management Inc. bought a new stake in shares of RTX in the 3rd quarter valued at about $29,000. Western Pacific Wealth Management LP purchased a new position in RTX during the 3rd quarter valued at about $41,000. Modus Advisors LLC purchased a new position in RTX during the 4th quarter valued at about $39,000. ORG Wealth Partners LLC purchased a new position in shares of RTX during the 3rd quarter worth approximately $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC grew its holdings in shares of RTX by 20.1% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after acquiring an additional 86 shares during the period. Institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $125.25 on Thursday. The business’s fifty day simple moving average is $118.79 and its 200-day simple moving average is $118.93. The company has a market cap of $166.71 billion, a PE ratio of 35.79, a PEG ratio of 1.99 and a beta of 0.81. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. RTX Co. has a 12-month low of $88.90 and a 12-month high of $132.43.

RTX (NYSE:RTX) last released its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (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%. Analysts expect that RTX Co. will post 5.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on RTX shares. Royal Bank of Canada boosted their price target on RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and lifted their target price for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and lifted their target price for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. TD Cowen upgraded RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Finally, StockNews.com downgraded RTX from a “buy” rating to a “hold” rating in a research report on Wednesday. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $161.73.

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.