First Citizens Bank & Trust Co. Purchases 540 Shares of RTX Co. (NYSE:RTX)

First Citizens Bank & Trust Co. grew its position in shares of RTX Co. (NYSE:RTX) by 3.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 18,443 shares of the company’s stock after acquiring an additional 540 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in RTX were worth $2,134,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Avestar Capital LLC raised its holdings in shares of RTX by 0.6% in the 3rd quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock valued at $1,752,000 after buying an additional 85 shares during the period. Arbor Wealth Advisors LLC raised its holdings in shares of RTX by 3.7% in the 4th quarter. Arbor Wealth Advisors LLC now owns 2,382 shares of the company’s stock valued at $276,000 after buying an additional 85 shares during the period. Mowery & Schoenfeld Wealth Management LLC raised its holdings in shares of RTX by 20.1% in the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock valued at $62,000 after buying an additional 86 shares during the period. Blackston Financial Advisory Group LLC raised its holdings in shares of RTX by 3.7% in the 3rd quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock valued at $291,000 after buying an additional 86 shares during the period. Finally, Traveka Wealth LLC increased its holdings in RTX by 3.2% during the 4th quarter. Traveka Wealth LLC now owns 2,789 shares of the company’s stock worth $323,000 after purchasing an additional 86 shares during the period. 86.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RTX has been the topic of several recent research reports. Barclays upped their price target on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. TD Cowen raised RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. UBS Group upped their target price on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Citigroup raised RTX from a “neutral” rating to a “buy” rating and upped their target price for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. Finally, 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. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.27.

RTX Price Performance

Shares of RTX stock opened at $125.23 on Monday. RTX Co. has a twelve month low of $88.90 and a twelve month high of $128.70. The stock has a market capitalization of $166.69 billion, a P/E ratio of 35.78, a PEG ratio of 1.99 and a beta of 0.81. 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 business’s fifty day moving average price is $118.38 and its 200 day moving average price is $118.54.

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.