Arbor Wealth Advisors LLC Has $276,000 Stake in RTX Co. (NYSE:RTX)

Arbor Wealth Advisors LLC increased its stake in shares of RTX Co. (NYSE:RTX) by 3.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,382 shares of the company’s stock after purchasing an additional 85 shares during the period. Arbor Wealth Advisors LLC’s holdings in RTX were worth $276,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in RTX. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX during the 3rd quarter valued at about $29,000. Modus Advisors LLC acquired a new stake in RTX in the 4th quarter valued at $39,000. Fairfield Financial Advisors LTD acquired a new position in RTX during the second quarter worth $41,000. Western Pacific Wealth Management LP bought a new position in shares of RTX during the third quarter valued at $41,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of RTX in the 2nd quarter valued at $46,000. Institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Citigroup lifted their target price on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. Susquehanna lowered their price objective on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company upped their target price on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.87.

RTX Price Performance

Shares of NYSE RTX opened at $117.85 on Tuesday. The company has a fifty day moving average price of $118.18 and a 200 day moving average price of $117.14. RTX Co. has a 1-year low of $84.43 and a 1-year high of $128.70. The firm has a market cap of $156.86 billion, a PE ratio of 33.67, a PEG ratio of 2.08 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.

RTX (NYSE:RTX) last released 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. The firm had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.25 EPS. Research analysts predict that RTX Co. will post 5.56 earnings per share for the current fiscal year.

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.