RTX Co. (NYSE:RTX) Stock Position Increased by Archford Capital Strategies LLC

Archford Capital Strategies LLC boosted its position in RTX Co. (NYSE:RTX) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,103 shares of the company’s stock after purchasing an additional 100 shares during the quarter. Archford Capital Strategies LLC’s holdings in RTX were worth $1,401,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. bought a new stake in RTX in the 3rd quarter valued at about $29,000. Modus Advisors LLC bought a new stake in shares of RTX during the 4th quarter worth about $39,000. Western Pacific Wealth Management LP bought 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 stake in shares of RTX during the 3rd quarter worth about $50,000. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Performance

RTX stock opened at $125.23 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The stock has a market cap of $166.69 billion, a P/E ratio of 35.78, a P/E/G ratio of 1.99 and a beta of 0.81. The firm has a 50 day simple moving average of $118.38 and a 200 day simple moving average of $118.41. RTX Co. has a 52 week low of $88.90 and a 52 week high of $128.70.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of recent analyst reports. Susquehanna dropped their price target on shares of RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and boosted their price target for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. TD Cowen raised shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $130.00 to $140.00 in a research note on Thursday, December 19th. 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 given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, 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.