Symphony Financial Ltd. Co. Sells 446 Shares of RTX Co. (NYSE:RTX)

Symphony Financial Ltd. Co. trimmed its stake in RTX Co. (NYSE:RTX) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,677 shares of the company’s stock after selling 446 shares during the period. Symphony Financial Ltd. Co.’s holdings in RTX were worth $1,719,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. bought a new position in shares of RTX during the third quarter worth about $29,000. Modus Advisors LLC acquired a new stake in RTX during the 4th quarter valued at approximately $39,000. Western Pacific Wealth Management LP bought a new position in RTX during the 3rd quarter worth approximately $41,000. ORG Wealth Partners LLC acquired a new position in shares of RTX in the 3rd quarter worth approximately $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC boosted its stake in shares of RTX by 20.1% in the 3rd 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 during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on RTX. Morgan Stanley lifted their target price on shares of RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Citigroup raised RTX from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $132.00 to $153.00 in a research report on Tuesday, January 21st. TD Cowen raised RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Royal Bank of Canada raised their target price on RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Barclays boosted 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. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.07.

RTX Stock Performance

Shares of RTX stock opened at $129.08 on Friday. RTX Co. has a 12 month low of $88.90 and a 12 month high of $132.43. The firm has a market capitalization of $171.81 billion, a PE ratio of 36.36, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. The firm has a fifty day simple moving average of $119.14 and a two-hundred day simple moving average of $119.20. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.63.

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

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.