RTX Co. (NYSE:RTX) Stock Holdings Lowered by HighVista Strategies LLC

HighVista Strategies LLC trimmed its holdings in shares of RTX Co. (NYSE:RTX) by 42.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,500 shares of the company’s stock after selling 12,800 shares during the period. HighVista Strategies LLC’s holdings in RTX were worth $1,757,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of RTX. Gryphon Financial Partners LLC acquired a new stake in RTX during the fourth quarter valued at $474,000. TrinityPoint Wealth LLC boosted its holdings in RTX by 8.1% in the fourth quarter. TrinityPoint Wealth LLC now owns 37,374 shares of the company’s stock worth $3,145,000 after purchasing an additional 2,790 shares in the last quarter. TCW Group Inc. acquired a new position in RTX during the fourth quarter worth $1,912,000. Congress Wealth Management LLC DE raised its holdings in RTX by 38.3% during the fourth quarter. Congress Wealth Management LLC DE now owns 13,329 shares of the company’s stock valued at $1,122,000 after buying an additional 3,689 shares in the last quarter. Finally, Johnson Financial Group Inc. lifted its position in shares of RTX by 20.1% in the fourth quarter. Johnson Financial Group Inc. now owns 2,840 shares of the company’s stock worth $239,000 after buying an additional 475 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at RTX

In other RTX news, VP Amy L. Johnson sold 6,734 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $113.88, for a total transaction of $766,867.92. Following the completion of the transaction, the vice president now directly owns 12,318 shares in the company, valued at $1,402,773.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Christopher T. Calio sold 4,235 shares of RTX stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $114.00, for a total value of $482,790.00. Following the completion of the transaction, the chief executive officer now owns 88,509 shares in the company, valued at $10,090,026. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Amy L. Johnson sold 6,734 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $113.88, for a total value of $766,867.92. Following the sale, the vice president now owns 12,318 shares in the company, valued at $1,402,773.84. The disclosure for this sale can be found here. Insiders have sold a total of 178,333 shares of company stock valued at $20,861,880 in the last 90 days. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Royal Bank of Canada raised their price objective on RTX from $102.00 to $115.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. TD Cowen upped their price objective on shares of RTX from $115.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, July 26th. The Goldman Sachs Group lifted their target price on shares of RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Finally, Melius Research lifted their price objective on RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, RTX has an average rating of “Hold” and an average price target of $157.31.

RTX Trading Down 0.6 %

Shares of RTX stock opened at $118.15 on Monday. RTX Co. has a 52-week low of $68.56 and a 52-week high of $123.70. The firm has a market capitalization of $157.17 billion, a PE ratio of 46.33, a price-to-earnings-growth ratio of 2.10 and a beta of 0.82. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.99 and a quick ratio of 0.73. The company’s fifty day moving average price is $115.87 and its two-hundred day moving average price is $106.48.

RTX (NYSE:RTX) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.11. RTX had a net margin of 3.12% and a return on equity of 11.37%. The firm had revenue of $19.72 billion during the quarter, compared to analyst estimates of $19.29 billion. During the same quarter in the prior year, the business posted $1.29 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, analysts expect that RTX Co. will post 5.45 EPS for the current year.

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.