Leisure Capital Management Has $297,000 Stock Position in RTX Co. (NYSE:RTX)

Leisure Capital Management cut its position in RTX Co. (NYSE:RTX) by 28.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,563 shares of the company’s stock after selling 1,003 shares during the period. Leisure Capital Management’s holdings in RTX were worth $297,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Rice Partnership LLC increased its holdings in RTX by 49.2% during the 4th quarter. Rice Partnership LLC now owns 76,461 shares of the company’s stock valued at $8,848,000 after purchasing an additional 25,207 shares in the last quarter. Catalina Capital Group LLC increased its stake in shares of RTX by 8.5% in the fourth quarter. Catalina Capital Group LLC now owns 6,197 shares of the company’s stock valued at $717,000 after buying an additional 483 shares in the last quarter. Chicago Capital LLC raised its holdings in shares of RTX by 3.5% in the fourth quarter. Chicago Capital LLC now owns 16,971 shares of the company’s stock valued at $1,964,000 after buying an additional 578 shares during the last quarter. Abner Herrman & Brock LLC lifted its position in RTX by 7.1% during the 4th quarter. Abner Herrman & Brock LLC now owns 79,106 shares of the company’s stock worth $9,154,000 after buying an additional 5,251 shares in the last quarter. Finally, FSM Wealth Advisors LLC grew its holdings in RTX by 3.8% during the 4th quarter. FSM Wealth Advisors LLC now owns 5,855 shares of the company’s stock worth $705,000 after acquiring an additional 216 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

RTX Stock Performance

Shares of RTX stock opened at $129.08 on Monday. The company has a market capitalization of $171.81 billion, a P/E ratio of 36.36, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82. RTX Co. has a 52 week low of $88.90 and a 52 week high of $132.43. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The company’s 50 day moving average price is $119.14 and its two-hundred day moving average price is $119.40.

RTX (NYSE:RTX) last announced 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%. On average, analysts expect that RTX Co. will post 6.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RTX. JPMorgan Chase & Co. upped their target price on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Vertical Research upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and lifted their price target for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. StockNews.com lowered shares of RTX from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada lifted their target price on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.07.

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.