RTX Co. (NYSE:RTX) Stake Decreased by Oak Family Advisors LLC

Oak Family Advisors LLC lowered its stake in shares of RTX Co. (NYSE:RTX) by 11.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 66,080 shares of the company’s stock after selling 8,733 shares during the quarter. RTX accounts for 2.8% of Oak Family Advisors LLC’s investment portfolio, making the stock its 8th biggest position. Oak Family Advisors LLC’s holdings in RTX were worth $7,647,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in RTX. CX Institutional lifted its position in RTX by 21.9% in the fourth quarter. CX Institutional now owns 65,150 shares of the company’s stock valued at $7,539,000 after purchasing an additional 11,706 shares during the last quarter. LRI Investments LLC lifted its position in RTX by 6.5% in the third quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock valued at $9,221,000 after purchasing an additional 4,732 shares during the last quarter. Napa Wealth Management bought a new stake in RTX in the third quarter valued at approximately $1,307,000. Czech National Bank lifted its position in RTX by 6.5% in the fourth quarter. Czech National Bank now owns 288,591 shares of the company’s stock valued at $33,396,000 after purchasing an additional 17,608 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in RTX by 16.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock valued at $9,510,000 after purchasing an additional 11,354 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

RTX Trading Up 0.1 %

NYSE RTX opened at $129.08 on Monday. RTX Co. has a 12 month low of $88.90 and a 12 month high of $132.43. The stock has a market cap of $171.81 billion, a P/E ratio of 36.36, a P/E/G ratio of 2.17 and a beta of 0.82. The stock’s fifty day moving average price is $119.14 and its 200-day moving average price is $119.40. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX) last released 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 12.45% and a net margin of 5.91%. As a group, equities analysts forecast that RTX Co. will post 6.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on RTX shares. Vertical Research upgraded RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. TD Cowen upgraded RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Bank of America upped their target price on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a report on Thursday. StockNews.com downgraded RTX from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Finally, Morgan Stanley upped their target price on RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $163.07.

About RTX

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.