Capital Investment Advisory Services LLC Has $986,000 Stock Holdings in RTX Co. (NYSE:RTX)

Capital Investment Advisory Services LLC cut its stake in RTX Co. (NYSE:RTX) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,519 shares of the company’s stock after selling 130 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in RTX were worth $986,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. MidAtlantic Capital Management Inc. bought a new stake in RTX in the third quarter worth $29,000. Western Pacific Wealth Management LP bought a new stake in RTX in the third quarter worth $41,000. Modus Advisors LLC bought a new stake in RTX in the fourth quarter worth $39,000. ORG Wealth Partners LLC bought a new stake in RTX in the third quarter worth $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC boosted its holdings in RTX by 20.1% in the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after purchasing an additional 86 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. StockNews.com cut shares of RTX from a “buy” rating to a “hold” rating in a report on Wednesday. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and upped their price target for the company 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 target for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Finally, UBS Group upped their price target on shares of RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a report on Wednesday. Six investment 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 MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $163.07.

RTX Stock Performance

NYSE RTX opened at $129.14 on Friday. The firm has a market cap of $171.89 billion, a price-to-earnings ratio of 36.38, a PEG ratio of 1.99 and a beta of 0.81. The company has a 50 day moving average of $118.97 and a 200-day moving average of $119.00. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.63. RTX Co. has a 1-year low of $88.90 and a 1-year high of $132.43.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. On average, equities analysts forecast that RTX Co. will post 6.1 earnings per share 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.