RTX Co. (NYSE:RTX) Stock Holdings Cut by Campbell Newman Asset Management Inc.

Campbell Newman Asset Management Inc. lowered its position in shares of RTX Co. (NYSE:RTX) by 6.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 222,167 shares of the company’s stock after selling 15,844 shares during the quarter. RTX accounts for approximately 2.1% of Campbell Newman Asset Management Inc.’s investment portfolio, making the stock its 20th largest position. Campbell Newman Asset Management Inc.’s holdings in RTX were worth $25,709,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. bought a new position in shares of RTX in the third quarter valued at $29,000. Modus Advisors LLC acquired a new position in shares of RTX in the 4th quarter worth $39,000. Western Pacific Wealth Management LP acquired a new stake in shares of RTX during the third quarter worth $41,000. Kimelman & Baird LLC purchased a new stake in shares of RTX during the second quarter valued at $46,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of RTX in the 3rd quarter valued at $50,000. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Up 0.5 %

RTX stock traded up $0.55 during mid-day trading on Wednesday, hitting $120.02. The stock had a trading volume of 253,966 shares, compared to its average volume of 3,486,635. The stock has a market capitalization of $159.75 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 2.08 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 1-year low of $84.43 and a 1-year high of $128.70. The company has a fifty day moving average of $118.18 and a 200 day moving average of $117.14.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The firm had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter in the prior year, the company posted $1.25 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. On average, equities analysts expect that RTX Co. will post 5.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on RTX. Citigroup upped their price objective on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Barclays boosted their price target on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $130.00 to $140.00 in a research note on Thursday, December 19th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and boosted their target price for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Finally, TD Cowen raised RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.87.

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.