PSI Advisors LLC Sells 164 Shares of RTX Co. (NYSE:RTX)

PSI Advisors LLC trimmed its holdings in shares of RTX Co. (NYSE:RTX) by 26.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 447 shares of the company’s stock after selling 164 shares during the period. PSI Advisors LLC’s holdings in RTX were worth $52,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in RTX. MidAtlantic Capital Management Inc. purchased a new position in RTX during the third quarter valued at approximately $29,000. Modus Advisors LLC bought a new stake in RTX during the 4th quarter valued at $39,000. Western Pacific Wealth Management LP purchased a new position in shares of RTX in the 3rd quarter valued at $41,000. Kimelman & Baird LLC bought a new position in shares of RTX in the 2nd quarter worth $46,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of RTX during the 3rd quarter worth $50,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

RTX opened at $119.36 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. RTX Co. has a 12-month low of $84.43 and a 12-month high of $128.70. The firm has a 50 day moving average of $118.18 and a two-hundred day moving average of $117.14. The firm has a market capitalization of $158.87 billion, a PE ratio of 34.10, a P/E/G ratio of 2.08 and a beta of 0.81.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The firm had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. During the same quarter last year, the company posted $1.25 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. On average, analysts anticipate that RTX Co. will post 5.56 EPS for the current year.

Analyst Upgrades and Downgrades

RTX has been the subject of a number of recent research reports. Citigroup boosted their target price on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. UBS Group increased their target price on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Morgan Stanley lifted their price target on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Barclays raised their price objective on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $130.00 to $140.00 in a research report on Thursday, December 19th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and an average target price of $156.87.

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.