New Wave Wealth Advisors LLC Sells 197 Shares of RTX Co. (NYSE:RTX)

New Wave Wealth Advisors LLC decreased its position in shares of RTX Co. (NYSE:RTX) by 5.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,122 shares of the company’s stock after selling 197 shares during the quarter. New Wave Wealth Advisors LLC’s holdings in RTX were worth $361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

RTX Stock Performance

Shares of RTX opened at $129.14 on Friday. The firm has a market cap of $171.89 billion, a PE ratio of 36.38, a PEG ratio of 1.99 and a beta of 0.81. The stock’s fifty day moving average price is $118.97 and its two-hundred day moving average price is $119.00. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.73. RTX Co. has a 1 year low of $88.90 and a 1 year high of $132.43.

RTX (NYSE:RTX) last issued 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 12.45% and a net margin of 5.91%. On average, equities research analysts forecast that RTX Co. will post 6.1 EPS for the current year.

Wall Street Analyst Weigh In

RTX has been the topic of a number of recent research reports. Barclays lifted their price target on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and raised their price objective for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. raised their price objective on RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday. Morgan Stanley raised their price objective on RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, UBS Group lifted their target price on RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a report on Wednesday. Six investment 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $163.07.

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.