Mattson Financial Services LLC Sells 92 Shares of RTX Co. (NYSE:RTX)

Mattson Financial Services LLC lowered its position in RTX Co. (NYSE:RTX) by 0.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,429 shares of the company’s stock after selling 92 shares during the period. Mattson Financial Services LLC’s holdings in RTX were worth $1,506,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RTX. Waterloo Capital L.P. bought a new position in RTX in the fourth quarter worth approximately $218,000. Regal Investment Advisors LLC lifted its holdings in shares of RTX by 42.2% in the fourth quarter. Regal Investment Advisors LLC now owns 10,222 shares of the company’s stock valued at $860,000 after purchasing an additional 3,033 shares in the last quarter. Symmetry Investments LP bought a new position in shares of RTX in the fourth quarter valued at approximately $552,000. Icon Wealth Advisors LLC bought a new position in shares of RTX in the fourth quarter valued at approximately $887,000. Finally, Vista Investment Management lifted its holdings in shares of RTX by 13.0% in the fourth quarter. Vista Investment Management now owns 14,826 shares of the company’s stock valued at $1,247,000 after purchasing an additional 1,704 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

RTX has been the topic of a number of recent research reports. Wells Fargo & Company dropped their target price on RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Alembic Global Advisors upgraded RTX from a “neutral” rating to an “overweight” rating and set a $134.00 target price on the stock in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft raised RTX from a “sell” rating to a “hold” rating and increased their price target for the company from $109.00 to $129.00 in a research report on Thursday, October 3rd. JPMorgan Chase & Co. increased their price target on RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Finally, StockNews.com raised RTX from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $161.13.

Insider Transactions at RTX

In other news, VP Kevin G. Dasilva sold 8,166 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $114.96, for a total value of $938,763.36. Following the completion of the transaction, the vice president now directly owns 45,208 shares in the company, valued at approximately $5,197,111.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Kevin G. Dasilva sold 8,166 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $114.96, for a total transaction of $938,763.36. Following the completion of the sale, the vice president now directly owns 45,208 shares in the company, valued at $5,197,111.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shane G. Eddy sold 6,741 shares of the stock in a transaction dated Friday, July 26th. The shares were 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. In the last three months, insiders sold 178,333 shares of company stock worth $20,861,880. 0.13% of the stock is currently owned by corporate insiders.

RTX Price Performance

RTX stock opened at $123.48 on Wednesday. RTX Co. has a 52 week low of $71.82 and a 52 week high of $125.93. The business has a 50-day simple moving average of $119.45 and a 200 day simple moving average of $109.00. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.66. The stock has a market cap of $164.26 billion, a price-to-earnings ratio of 48.42, a PEG ratio of 2.20 and a beta of 0.82.

RTX (NYSE:RTX) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $19.72 billion during the quarter, compared to analysts’ expectations of $19.29 billion. During the same period in the prior year, the business earned $1.29 EPS. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, research analysts forecast that RTX Co. will post 5.45 earnings per share for the current fiscal year.

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.