Benin Management CORP Decreases Stock Position in RTX Co. (NYSE:RTX)

Benin Management CORP decreased its position in shares of RTX Co. (NYSE:RTX) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,147 shares of the company’s stock after selling 100 shares during the period. Benin Management CORP’s holdings in RTX were worth $596,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in shares of RTX by 23.2% in the 2nd quarter. AQR Capital Management LLC now owns 366,824 shares of the company’s stock valued at $36,825,000 after acquiring an additional 69,112 shares during the last quarter. Drucker Wealth 3.0 LLC bought a new stake in shares of RTX in the 2nd quarter valued at approximately $307,000. Dark Forest Capital Management LP bought a new stake in shares of RTX in the 2nd quarter worth about $248,000. MBB Public Markets I LLC grew its holdings in RTX by 2,154.5% during the 2nd quarter. MBB Public Markets I LLC now owns 94,712 shares of the company’s stock valued at $9,508,000 after purchasing an additional 90,511 shares during the last quarter. Finally, Mark Asset Management LP raised its position in RTX by 22.8% in the 2nd quarter. Mark Asset Management LP now owns 109,692 shares of the company’s stock worth $11,012,000 after purchasing an additional 20,358 shares during the period. 86.50% of the stock is owned by institutional investors.

RTX Stock Down 0.8 %

RTX stock opened at $125.23 on Friday. 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 firm has a market cap of $166.69 billion, a P/E ratio of 35.78, a P/E/G ratio of 1.99 and a beta of 0.81. The business has a fifty day moving average of $118.38 and a two-hundred day moving average of $118.29. RTX Co. has a twelve month low of $88.90 and a twelve month high of $128.70.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The firm had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.25 EPS. On average, analysts forecast that RTX Co. will post 5.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Susquehanna dropped their target price on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Morgan Stanley upped their price objective on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and lifted their target price for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Barclays upped their price target on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Finally, Royal Bank of Canada upgraded shares of RTX from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $130.00 to $140.00 in a report on Thursday, December 19th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and an average target price of $158.27.

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.