Everpar Advisors LLC Cuts Holdings in RTX Co. (NYSE:RTX)

by · The Cerbat Gem

Everpar Advisors LLC decreased its position in RTX Co. (NYSE:RTX – Free Report) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,696 shares of the company’s stock after selling 123 shares during the period. Everpar Advisors LLC’s holdings in RTX were worth $891,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of RTX. Goldstone Financial Group LLC lifted its holdings in RTX by 14.5% during the fourth quarter. Goldstone Financial Group LLC now owns 2,600 shares of the company’s stock worth $301,000 after acquiring an additional 329 shares during the period. KMG Fiduciary Partners LLC increased its position in shares of RTX by 0.6% during the 4th quarter. KMG Fiduciary Partners LLC now owns 81,969 shares of the company’s stock valued at $9,485,000 after purchasing an additional 487 shares during the last quarter. Empirical Asset Management LLC bought a new stake in shares of RTX during the 4th quarter worth $8,387,000. Cvfg LLC purchased a new position in shares of RTX in the 4th quarter worth about $238,000. Finally, Bouvel Investment Partners LLC increased its holdings in RTX by 0.8% during the fourth quarter. Bouvel Investment Partners LLC now owns 28,788 shares of the company’s stock worth $3,331,000 after buying an additional 216 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Trading Up 1.1 %

Shares of RTX stock opened at $120.38 on Friday. The company has a market capitalization of $160.22 billion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81. RTX Co. has a 52-week low of $84.43 and a 52-week high of $128.70. The business’s fifty day moving average is $118.14 and its 200 day moving average is $117.30. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99.

RTX (NYSE:RTX – Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. The firm had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $1.25 EPS. On average, equities research analysts anticipate that RTX Co. will post 5.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on RTX. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $130.00 to $140.00 in a report on Thursday, December 19th. Susquehanna lowered their target price on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and increased their price target for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Finally, UBS Group upped their price objective on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $156.87.

View Our Latest Report on RTX

RTX Profile

(Free Report)

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.

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