Midwest Financial Group LLC Has $799,000 Stock Holdings in RTX Co. (NYSE:RTX)

Midwest Financial Group LLC lowered its position in RTX Co. (NYSE:RTX) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,902 shares of the company’s stock after selling 118 shares during the period. Midwest Financial Group LLC’s holdings in RTX were worth $799,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings in shares of RTX by 1.9% in the third quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company’s stock valued at $3,290,622,000 after buying an additional 508,344 shares during the period. Fisher Asset Management LLC boosted its stake in RTX by 4.8% in the 3rd quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock worth $2,238,004,000 after purchasing an additional 852,183 shares during the period. Legal & General Group Plc increased its holdings in RTX by 4.4% during the 2nd quarter. Legal & General Group Plc now owns 8,577,770 shares of the company’s stock worth $861,122,000 after purchasing an additional 362,340 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of RTX by 5.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,284,944 shares of the company’s stock valued at $831,740,000 after purchasing an additional 408,551 shares during the period. Finally, FMR LLC lifted its holdings in shares of RTX by 8.7% in the third quarter. FMR LLC now owns 6,102,848 shares of the company’s stock valued at $739,421,000 after purchasing an additional 490,109 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Performance

RTX opened at $125.98 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 stock has a market cap of $167.69 billion, a price-to-earnings ratio of 35.96, a PEG ratio of 1.99 and a beta of 0.81. RTX Co. has a 12-month low of $88.90 and a 12-month high of $128.70. The business has a 50 day moving average of $118.25 and a 200-day moving average of $118.12.

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on RTX. TD Cowen upgraded RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $132.00 to $153.00 in a report on Tuesday. Wells Fargo & Company increased their target price on shares of RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Susquehanna lowered their price target on shares of RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays increased their price objective on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, RTX has an average rating of “Moderate Buy” and an average price target 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.