RTX Co. (NYSE:RTX) is Uncommon Cents Investing LLC’s 5th Largest Position

Uncommon Cents Investing LLC decreased its position in shares of RTX Co. (NYSE:RTX) by 2.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 55,228 shares of the company’s stock after selling 1,665 shares during the period. RTX comprises 1.9% of Uncommon Cents Investing LLC’s investment portfolio, making the stock its 5th largest position. Uncommon Cents Investing LLC’s holdings in RTX were worth $6,391,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. bought a new stake in shares of RTX in the 3rd quarter worth $29,000. Modus Advisors LLC purchased a new stake in shares of RTX during the fourth quarter valued at $39,000. Western Pacific Wealth Management LP bought a new stake in RTX in the 3rd quarter worth about $41,000. Kimelman & Baird LLC purchased a new position in RTX in the 2nd quarter worth about $46,000. Finally, ORG Wealth Partners LLC bought a new position in RTX during the 3rd quarter valued at about $50,000. Institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

RTX opened at $121.30 on Monday. The company has a 50 day simple moving average of $118.10 and a two-hundred day simple moving average of $117.69. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The firm has a market cap of $161.45 billion, a P/E ratio of 34.66, a PEG ratio of 1.84 and a beta of 0.81. RTX Co. has a 1-year low of $84.43 and a 1-year high of $128.70.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.11. The company had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. RTX’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.25 EPS. Equities analysts forecast that RTX Co. will post 5.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RTX. UBS Group lifted their price target on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Barclays boosted their target price on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Wells Fargo & Company increased their price target on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. TD Cowen raised RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Finally, Susquehanna lowered their target price on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $156.87.

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.