Kingswood Wealth Advisors LLC Has $4.47 Million Stock Position in RTX Co. (NYSE:RTX)

Kingswood Wealth Advisors LLC lessened its holdings in RTX Co. (NYSE:RTX) by 23.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 38,639 shares of the company’s stock after selling 11,631 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in RTX were worth $4,471,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of RTX. AQR Capital Management LLC increased its stake in RTX by 23.2% in the second quarter. AQR Capital Management LLC now owns 366,824 shares of the company’s stock valued at $36,825,000 after purchasing an additional 69,112 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in shares of RTX in the 2nd quarter valued at $248,000. Kathmere Capital Management LLC raised its stake in RTX by 31.4% during the 2nd quarter. Kathmere Capital Management LLC now owns 4,304 shares of the company’s stock worth $432,000 after buying an additional 1,028 shares during the period. Ascent Group LLC bought a new position in RTX during the second quarter worth about $251,000. Finally, Full Sail Capital LLC grew its stake in RTX by 6.8% in the second quarter. Full Sail Capital LLC now owns 7,635 shares of the company’s stock valued at $766,000 after acquiring an additional 487 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX opened at $125.23 on Monday. The company has a market cap of $166.69 billion, a PE ratio of 35.78, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. The firm has a 50-day moving average of $118.38 and a 200-day moving average of $118.54. RTX Co. has a one year low of $88.90 and a one year high of $128.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RTX shares. Barclays lifted their price objective on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $130.00 to $140.00 in a research report on Thursday, December 19th. Morgan Stanley boosted their price objective on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and increased their target price for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. Finally, Susquehanna reduced their price objective on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $158.27.

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.