Dynamic Advisor Solutions LLC Sells 2,244 Shares of RTX Co. (NYSE:RTX)

Dynamic Advisor Solutions LLC reduced its position in RTX Co. (NYSE:RTX) by 6.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 31,971 shares of the company’s stock after selling 2,244 shares during the period. Dynamic Advisor Solutions LLC’s holdings in RTX were worth $3,700,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. bought a new position in shares of RTX during the 3rd quarter worth approximately $29,000. Modus Advisors LLC bought a new position in shares of RTX in the fourth quarter valued at about $39,000. Western Pacific Wealth Management LP acquired a new stake in shares of RTX during the 3rd quarter worth about $41,000. Kimelman & Baird LLC bought a new stake in shares of RTX during the 2nd quarter worth about $46,000. Finally, ORG Wealth Partners LLC bought a new position in RTX in the 3rd quarter valued at about $50,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Performance

NYSE:RTX opened at $125.23 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. RTX Co. has a 1-year low of $88.90 and a 1-year high of $128.70. The stock’s 50-day moving average is $118.38 and its 200-day moving average is $118.41. The stock has a market cap of $166.69 billion, a P/E ratio of 35.78, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81.

Analyst Upgrades and Downgrades

RTX has been the topic of several research reports. Susquehanna decreased their target price on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company increased their price objective on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and boosted their target price for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Finally, Barclays lifted 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 equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, RTX presently 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.