Stableford Capital II LLC Sells 99 Shares of RTX Co. (NYSE:RTX)

Stableford Capital II LLC lowered its stake in shares of RTX Co. (NYSE:RTX) by 1.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,928 shares of the company’s stock after selling 99 shares during the quarter. Stableford Capital II LLC’s holdings in RTX were worth $917,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. SeaBridge Investment Advisors LLC increased its position in RTX by 8.9% during the fourth quarter. SeaBridge Investment Advisors LLC now owns 23,641 shares of the company’s stock valued at $2,736,000 after acquiring an additional 1,936 shares during the last quarter. Marietta Wealth Management LLC boosted its stake in shares of RTX by 0.6% during the 4th quarter. Marietta Wealth Management LLC now owns 67,674 shares of the company’s stock worth $7,831,000 after purchasing an additional 435 shares during the period. Concord Wealth Partners grew its holdings in RTX by 752.2% during the 4th quarter. Concord Wealth Partners now owns 6,451 shares of the company’s stock valued at $747,000 after purchasing an additional 5,694 shares during the last quarter. Concord Asset Management LLC VA purchased a new stake in RTX in the 4th quarter worth about $698,000. Finally, Chicago Partners Investment Group LLC lifted its stake in RTX by 3.7% in the fourth quarter. Chicago Partners Investment Group LLC now owns 9,655 shares of the company’s stock worth $1,119,000 after purchasing an additional 341 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Up 0.1 %

RTX stock opened at $129.08 on Friday. RTX Co. has a twelve month low of $88.90 and a twelve month high of $132.43. The business has a fifty day moving average of $119.14 and a two-hundred day moving average of $119.20. The firm has a market cap of $171.81 billion, a P/E ratio of 36.36, a P/E/G ratio of 1.99 and a beta of 0.81. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, analysts forecast that RTX Co. will post 6.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on RTX. Morgan Stanley upped their target price on RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a research note on Wednesday. JPMorgan Chase & Co. upped their price objective on RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday. Bank of America lifted their target price on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday. Wells Fargo & Company upped their price target on shares of RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, StockNews.com lowered shares of RTX from a “buy” rating to a “hold” rating in a report on Wednesday. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.