Alpha Cubed Investments LLC Sells 477 Shares of RTX Co. (NYSE:RTX)

Alpha Cubed Investments LLC cut its holdings in shares of RTX Co. (NYSE:RTX) by 1.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,324 shares of the company’s stock after selling 477 shares during the period. Alpha Cubed Investments LLC’s holdings in RTX were worth $2,947,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of RTX. Briaud Financial Planning Inc grew its holdings in RTX by 64.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after acquiring an additional 100 shares during the period. Lynx Investment Advisory bought a new stake in RTX in the second quarter valued at about $26,000. Mizuho Securities Co. Ltd. acquired a new position in RTX in the second quarter valued at about $32,000. Fairman Group LLC bought a new position in RTX during the fourth quarter worth about $38,000. Finally, Beaird Harris Wealth Management LLC grew its position in shares of RTX by 42.2% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 468 shares of the company’s stock worth $39,000 after buying an additional 139 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Up 0.1 %

RTX stock opened at $125.05 on Tuesday. The company has a fifty day simple moving average of $119.32 and a 200 day simple moving average of $108.80. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.66. RTX Co. has a 1-year low of $71.82 and a 1-year high of $125.68. The company has a market cap of $166.25 billion, a P/E ratio of 49.04, a price-to-earnings-growth ratio of 2.18 and a beta of 0.82.

RTX (NYSE:RTX) last released its earnings results on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. RTX had a return on equity of 11.37% and a net margin of 3.12%. The business had revenue of $19.72 billion for the quarter, compared to the consensus estimate of $19.29 billion. During the same quarter in the previous year, the business earned $1.29 earnings per share. RTX’s quarterly revenue was up 7.7% on a year-over-year basis. Research analysts anticipate that RTX Co. will post 5.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on RTX shares. The Goldman Sachs Group lifted their price objective on shares of RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. TD Cowen boosted their price target on shares of RTX from $115.00 to $142.00 and gave the company a “buy” rating in a report on Friday, July 26th. Alembic Global Advisors upgraded shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective for the company in a research report on Tuesday, July 30th. Susquehanna lifted their target price on RTX from $119.00 to $140.00 and gave the stock a “positive” rating in a report on Friday, July 26th. Finally, StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $161.13.

Insider Transactions at RTX

In related news, CEO Christopher T. Calio sold 4,235 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $114.00, for a total transaction of $482,790.00. Following the transaction, the chief executive officer now directly owns 88,509 shares in the company, valued at approximately $10,090,026. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other RTX news, CEO Christopher T. Calio sold 4,235 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $114.00, for a total transaction of $482,790.00. Following the transaction, the chief executive officer now owns 88,509 shares of the company’s stock, valued at $10,090,026. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shane G. Eddy sold 6,741 shares of RTX stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $114.76, for a total value of $773,597.16. The disclosure for this sale can be found here. Insiders have sold a total of 178,333 shares of company stock worth $20,861,880 in the last 90 days. Corporate insiders own 0.13% of the company’s stock.

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.