Asset Planning Services Inc. LA ADV Buys 500 Shares of RTX Co. (NYSE:RTX)

Asset Planning Services Inc. LA ADV lifted its position in shares of RTX Co. (NYSE:RTX) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,596 shares of the company’s stock after buying an additional 500 shares during the period. RTX makes up about 3.5% of Asset Planning Services Inc. LA ADV’s holdings, making the stock its 10th biggest holding. Asset Planning Services Inc. LA ADV’s holdings in RTX were worth $7,128,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in RTX. MidAtlantic Capital Management Inc. acquired a new stake in RTX in the 3rd quarter valued at $29,000. Western Pacific Wealth Management LP acquired a new stake in shares of RTX in the third quarter valued at about $41,000. Modus Advisors LLC purchased a new stake in shares of RTX during the 4th quarter valued at about $39,000. ORG Wealth Partners LLC acquired a new position in RTX during the 3rd quarter worth approximately $50,000. Finally, Kimelman & Baird LLC purchased a new position in RTX in the 2nd quarter worth approximately $46,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Price Performance

Shares of NYSE:RTX opened at $124.49 on Thursday. 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 firm has a 50-day simple moving average of $118.10 and a 200 day simple moving average of $118.06. RTX Co. has a fifty-two week low of $87.96 and a fifty-two week high of $128.70. The company has a market cap of $165.69 billion, a PE ratio of 35.57, a P/E/G ratio of 2.01 and a beta of 0.81.

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on RTX shares. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Susquehanna lowered their target price on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $130.00 to $140.00 in a research note on Thursday, December 19th. Morgan Stanley lifted their price objective on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Finally, Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $132.00 to $153.00 in a research note on Tuesday. Five equities research 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.