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

Leisure Capital Management cut its stake in shares of RTX Co. (NYSE:RTX) by 28.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund 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 filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of RTX. Czech National Bank increased its holdings in RTX by 7.0% during the third quarter. Czech National Bank now owns 270,983 shares of the company’s stock worth $32,832,000 after buying an additional 17,645 shares during the last quarter. HBW Advisory Services LLC bought a new stake in shares of RTX in the 3rd quarter valued at about $263,000. GAMMA Investing LLC lifted its stake in RTX by 29.7% in the 3rd quarter. GAMMA Investing LLC now owns 26,341 shares of the company’s stock valued at $3,191,000 after purchasing an additional 6,036 shares during the last quarter. Diversified Trust Co grew its holdings in RTX by 10.1% during the third quarter. Diversified Trust Co now owns 36,714 shares of the company’s stock worth $4,448,000 after purchasing an additional 3,365 shares during the period. Finally, Eagle Rock Investment Company LLC bought a new stake in RTX in the third quarter valued at approximately $220,000. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Up 0.1 %

RTX stock opened at $129.08 on Monday. The company has a market cap of $171.81 billion, a PE ratio of 36.36, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. RTX Co. has a 52 week low of $88.90 and a 52 week high of $132.43. The business has a 50-day simple moving average of $119.14 and a 200 day simple moving average of $119.40.

RTX (NYSE:RTX) last issued its quarterly 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%. Sell-side analysts anticipate that RTX Co. will post 6.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on RTX shares. StockNews.com lowered RTX from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Barclays increased their price objective on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Bank of America upped their price target on shares of RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. raised their price objective 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. Finally, Susquehanna upped their target price on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and a consensus price target 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.