4,023 Shares in RTX Co. (NYSE:RTX) Acquired by Advisory Alpha LLC

Advisory Alpha LLC acquired a new stake in shares of RTX Co. (NYSE:RTX) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,023 shares of the company’s stock, valued at approximately $466,000.

Several other large investors have also made changes to their positions in the business. Eads & Heald Wealth Management grew its position in RTX by 1.4% during the 4th quarter. Eads & Heald Wealth Management now owns 8,245 shares of the company’s stock worth $954,000 after purchasing an additional 115 shares during the period. Nisa Investment Advisors LLC grew its holdings in RTX by 57.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 619,174 shares of the company’s stock worth $71,651,000 after acquiring an additional 226,843 shares during the period. Traphagen Investment Advisors LLC raised its position in RTX by 8.7% during the fourth quarter. Traphagen Investment Advisors LLC now owns 3,472 shares of the company’s stock valued at $402,000 after acquiring an additional 278 shares in the last quarter. Genesis Private Wealth LLC acquired a new position in RTX in the fourth quarter valued at approximately $280,000. Finally, Simon Quick Advisors LLC boosted its position in RTX by 16.9% in the 4th quarter. Simon Quick Advisors LLC now owns 6,239 shares of the company’s stock worth $722,000 after purchasing an additional 901 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Trading Down 1.0 %

Shares of RTX stock opened at $124.49 on Thursday. RTX Co. has a twelve month low of $87.96 and a twelve month high of $128.70. The stock has a market cap of $165.69 billion, a price-to-earnings ratio of 35.57, a PEG ratio of 2.01 and a beta of 0.81. The company’s 50-day moving average price is $118.10 and its 200-day moving average price is $118.06. 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 (NYSE:RTX) last posted its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.25 EPS. As a group, equities analysts predict that RTX Co. will post 5.56 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RTX. UBS Group increased their price target on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Wells Fargo & Company raised their target price on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Barclays raised 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. TD Cowen upgraded RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley boosted their target price on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Five equities research 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. According to data from MarketBeat, the company presently has an average 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.