RTX Co. (NYSE:RTX) Shares Sold by Burns J W & Co. Inc. NY

Burns J W & Co. Inc. NY reduced its position in shares of RTX Co. (NYSE:RTX) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,673 shares of the company’s stock after selling 708 shares during the period. RTX comprises approximately 1.2% of Burns J W & Co. Inc. NY’s portfolio, making the stock its 22nd largest position. Burns J W & Co. Inc. NY’s holdings in RTX were worth $9,220,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of RTX. MidAtlantic Capital Management Inc. purchased a new position in shares of RTX during the third quarter worth about $29,000. Western Pacific Wealth Management LP acquired a new position in shares of RTX in the 3rd quarter valued at $41,000. Modus Advisors LLC acquired a new stake in RTX during the 4th quarter worth $39,000. Fairfield Financial Advisors LTD acquired a new position in RTX in the second quarter valued at $41,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of RTX in the third quarter valued at about $50,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Up 2.4 %

Shares of RTX traded up $2.74 during midday trading on Monday, reaching $117.85. 5,396,203 shares of the company were exchanged, compared to its average volume of 3,926,739. The company has a market cap of $156.86 billion, a price-to-earnings ratio of 33.67, a P/E/G ratio of 2.08 and a beta of 0.81. RTX Co. has a 1-year low of $84.43 and a 1-year high of $128.70. The stock has a 50-day moving average price of $118.18 and a 200-day moving average price of $117.01. 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 (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.34 by $0.11. The business had revenue of $20.09 billion for the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.25 earnings per share. Research analysts expect that RTX Co. will post 5.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

RTX has been the topic of several analyst reports. TD Cowen upgraded RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Wells Fargo & Company boosted their price target on shares of RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. UBS Group lifted their price objective on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Morgan Stanley increased their price objective on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Finally, Citigroup upped their price target on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Six investment 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 company’s stock. According to data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and a consensus target price of $156.87.

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.