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

Symphony Financial Ltd. Co. lowered its position in shares of RTX Co. (NYSE:RTX) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,677 shares of the company’s stock after selling 446 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in RTX were worth $1,719,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RTX. SeaBridge Investment Advisors LLC boosted its position in RTX by 8.9% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 23,641 shares of the company’s stock worth $2,736,000 after purchasing an additional 1,936 shares during the last quarter. Marietta Wealth Management LLC raised 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 boosted its holdings in shares of RTX by 752.2% in the 4th quarter. Concord Wealth Partners now owns 6,451 shares of the company’s stock worth $747,000 after buying an additional 5,694 shares during the last quarter. Concord Asset Management LLC VA bought a new position in RTX during the fourth quarter valued at about $698,000. Finally, Chicago Partners Investment Group LLC increased its holdings in RTX by 3.7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 9,655 shares of the company’s stock worth $1,119,000 after buying an additional 341 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RTX. Susquehanna boosted their target price on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research note on Wednesday. Vertical Research upgraded RTX to a “strong-buy” rating in a research note on Tuesday. Wells Fargo & Company raised their target price on RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday. StockNews.com cut RTX from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Morgan Stanley increased their price target on RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $163.07.

RTX Stock Up 0.1 %

RTX opened at $129.08 on Friday. The firm has a market capitalization of $171.81 billion, a P/E ratio of 36.36, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. RTX Co. has a one year low of $88.90 and a one year high of $132.43. The company has a fifty day moving average price of $119.14 and a 200-day moving average price of $119.20. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.73.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Equities research analysts expect that RTX Co. will post 6.1 earnings per share 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.