Kingswood Wealth Advisors LLC Sells 11,631 Shares of RTX Co. (NYSE:RTX)

Kingswood Wealth Advisors LLC lessened its position in shares of RTX Co. (NYSE:RTX) by 23.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,639 shares of the company’s stock after selling 11,631 shares during the period. Kingswood Wealth Advisors LLC’s holdings in RTX were worth $4,471,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in RTX. MidAtlantic Capital Management Inc. acquired a new position in RTX in the 3rd quarter valued at $29,000. Western Pacific Wealth Management LP acquired a new position in shares of RTX in the third quarter valued at about $41,000. Modus Advisors LLC bought a new position in RTX during the fourth quarter worth about $39,000. ORG Wealth Partners LLC acquired a new stake in RTX in the 3rd quarter worth about $50,000. Finally, Kimelman & Baird LLC acquired a new position in shares of RTX during the 2nd quarter worth approximately $46,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Price Performance

RTX stock opened at $125.23 on Monday. The company has a market capitalization of $166.69 billion, a PE ratio of 35.78, a P/E/G ratio of 1.99 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. The stock has a 50-day moving average price of $118.38 and a two-hundred day moving average price of $118.54. RTX Co. has a 12 month low of $88.90 and a 12 month high of $128.70.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Susquehanna cut their price target on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Citigroup raised RTX from a “neutral” rating to a “buy” rating and increased their target price for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. TD Cowen upgraded RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Barclays increased their price objective on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Finally, Morgan Stanley boosted their target price on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $158.27.

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.