Oak Thistle LLC Decreases Stake in RTX Co. (NYSE:RTX)

Oak Thistle LLC lessened its position in RTX Co. (NYSE:RTX - Free Report) by 67.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,139 shares of the company's stock after selling 4,463 shares during the period. Oak Thistle LLC's holdings in RTX were worth $248,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of RTX. Elgethun Capital Management grew its stake in RTX by 3.8% during the second quarter. Elgethun Capital Management now owns 2,326 shares of the company's stock valued at $233,000 after acquiring an additional 85 shares in the last quarter. Avestar Capital LLC boosted its holdings in RTX by 0.6% in the 3rd quarter. Avestar Capital LLC now owns 14,461 shares of the company's stock valued at $1,752,000 after purchasing an additional 85 shares during the period. Arbor Wealth Advisors LLC increased its holdings in shares of RTX by 3.7% in the fourth quarter. Arbor Wealth Advisors LLC now owns 2,382 shares of the company's stock worth $276,000 after purchasing an additional 85 shares during the period. Mowery & Schoenfeld Wealth Management LLC raised its position in shares of RTX by 20.1% in the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company's stock worth $62,000 after buying an additional 86 shares in the last quarter. Finally, Blackston Financial Advisory Group LLC boosted its stake in RTX by 3.7% during the third quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company's stock valued at $291,000 after buying an additional 86 shares during the period. 86.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RTX. Barclays lifted their price target on RTX from $108.00 to $130.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 29th. Susquehanna cut their price target on shares of RTX from $150.00 to $139.00 and set a "positive" rating for the company in a research note on Wednesday, January 8th. Citigroup raised their price objective on shares of RTX from $122.00 to $132.00 and gave the company a "neutral" rating in a research report on Thursday, October 10th. UBS Group upped their target price on shares of RTX from $126.00 to $133.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company raised their price target on RTX from $140.00 to $151.00 and gave the company an "overweight" rating in a research report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $156.87.

RTX Stock Up 0.7 %

RTX stock traded up $0.84 during trading hours on Friday, hitting $121.30. 4,182,063 shares of the stock traded hands, compared to its average volume of 3,467,505. RTX Co. has a one year low of $84.43 and a one year high of $128.70. The company has a market cap of $161.45 billion, a PE ratio of 34.66, a PEG ratio of 1.84 and a beta of 0.81. The firm's 50-day moving average price is $118.10 and its two-hundred day moving average price is $117.45. 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 (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.34 by $0.11. The business had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.25 earnings per share. On average, research analysts forecast that RTX Co. will post 5.55 EPS for the current year.

RTX 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.