Bill Few Associates Inc. Has $429,000 Holdings in RTX Co. (NYSE:RTX)

Bill Few Associates Inc. trimmed its holdings in RTX Co. (NYSE:RTX) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,710 shares of the company’s stock after selling 158 shares during the period. Bill Few Associates Inc.’s holdings in RTX were worth $429,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of RTX. MidAtlantic Capital Management Inc. bought a new stake in RTX in the 3rd quarter valued at $29,000. Modus Advisors LLC acquired a new stake in shares of RTX in the 4th quarter valued at about $39,000. Western Pacific Wealth Management LP bought a new stake in shares of RTX in the third quarter valued at about $41,000. Kimelman & Baird LLC acquired a new position in shares of RTX during the second quarter worth about $46,000. Finally, ORG Wealth Partners LLC bought a new position in shares of RTX during the third quarter worth about $50,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on RTX shares. Morgan Stanley upped their price target on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Susquehanna lowered their price target on shares of RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada upgraded shares of RTX from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $130.00 to $140.00 in a research note on Thursday, December 19th. UBS Group upped their target price on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and boosted their price target for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $158.27.

RTX Stock Performance

RTX opened at $124.49 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The business has a fifty day simple moving average of $118.10 and a 200 day simple moving average of $118.06. RTX Co. has a 1 year low of $87.96 and a 1 year high of $128.70. The company has a market capitalization of $165.69 billion, a PE ratio of 35.57, a price-to-earnings-growth ratio of 2.01 and a beta of 0.81.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. The company had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. RTX’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.25 earnings per share. Research analysts expect that RTX Co. will post 5.56 EPS for the current year.

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.