RTX Co. (NYSE:RTX) Shares Bought by Wynn Capital LLC

Wynn Capital LLC raised its position in RTX Co. (NYSE:RTX) by 1.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 13,602 shares of the company’s stock after purchasing an additional 155 shares during the period. RTX comprises approximately 1.0% of Wynn Capital LLC’s portfolio, making the stock its 28th biggest holding. Wynn Capital LLC’s holdings in RTX were worth $1,574,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. MidAtlantic Capital Management Inc. purchased a new position in RTX during the 3rd quarter valued at about $29,000. Western Pacific Wealth Management LP acquired a new stake in shares of RTX in the third quarter valued at approximately $41,000. Modus Advisors LLC acquired a new stake in shares of RTX in the fourth quarter valued at approximately $39,000. ORG Wealth Partners LLC acquired a new position in shares of RTX during the 3rd quarter worth approximately $50,000. Finally, Kimelman & Baird LLC purchased a new stake in RTX in the 2nd quarter valued at approximately $46,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on RTX shares. Barclays raised their price target on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Citigroup boosted their target price on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and raised their price target for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Susquehanna cut their price objective on shares of RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada upgraded shares of RTX from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $130.00 to $140.00 in a research report on Thursday, December 19th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $156.87.

RTX Trading Up 1.4 %

Shares of RTX opened at $119.36 on Wednesday. The stock’s fifty day simple moving average is $118.18 and its 200 day simple moving average is $117.14. RTX Co. has a twelve month low of $84.43 and a twelve month high of $128.70. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $158.87 billion, a P/E ratio of 34.10, a price-to-earnings-growth ratio of 2.08 and a beta of 0.81.

RTX (NYSE:RTX) last released 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. The business had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.25 EPS. On average, equities research analysts forecast that RTX Co. will post 5.56 earnings per share for the current year.

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.