Curbstone Financial Management Corp Has $3.14 Million Stake in RTX Co. (NYSE:RTX)

Curbstone Financial Management Corp boosted its holdings in RTX Co. (NYSE:RTX) by 0.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,168 shares of the company’s stock after buying an additional 106 shares during the period. Curbstone Financial Management Corp’s holdings in RTX were worth $3,144,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Revolve Wealth Partners LLC lifted its stake in shares of RTX by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after purchasing an additional 159 shares during the period. Griffin Asset Management Inc. increased its holdings in RTX by 0.3% in the fourth quarter. Griffin Asset Management Inc. now owns 80,642 shares of the company’s stock valued at $9,332,000 after purchasing an additional 258 shares during the last quarter. YHB Investment Advisors Inc. lifted its stake in RTX by 0.6% in the fourth quarter. YHB Investment Advisors Inc. now owns 47,621 shares of the company’s stock valued at $5,511,000 after buying an additional 307 shares during the period. BankPlus Wealth Management LLC bought a new position in RTX during the fourth quarter worth about $349,000. Finally, Foundations Investment Advisors LLC increased its stake in shares of RTX by 30.8% in the 4th quarter. Foundations Investment Advisors LLC now owns 74,618 shares of the company’s stock valued at $8,635,000 after acquiring an additional 17,559 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

RTX Trading Down 0.5 %

Shares of RTX stock opened at $124.72 on Tuesday. RTX Co. has a 12-month low of $88.90 and a 12-month high of $128.70. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $118.49 and its 200-day moving average is $118.70. The stock has a market cap of $166.00 billion, a P/E ratio of 35.63, a P/E/G ratio of 1.99 and a beta of 0.81.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.97% and a return on equity of 11.96%. Equities research analysts predict that RTX Co. will post 5.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on RTX. Wells Fargo & Company boosted their price objective on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. UBS Group raised their price objective on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $130.00 to $140.00 in a report on Thursday, December 19th. Susquehanna cut their price objective on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Finally, Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and raised their target price for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $158.27.

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.