Smith Thornton Advisors LLC Boosts Stake in RTX Co. (NYSE:RTX)

Smith Thornton Advisors LLC increased its position in RTX Co. (NYSE:RTX) by 22.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,832 shares of the company’s stock after buying an additional 521 shares during the quarter. Smith Thornton Advisors LLC’s holdings in RTX were worth $328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the business. Essex Savings Bank increased its stake in RTX by 3.2% in the 4th quarter. Essex Savings Bank now owns 26,154 shares of the company’s stock worth $3,027,000 after purchasing an additional 816 shares during the period. USA Financial Formulas boosted its holdings in RTX by 3,925.2% in the fourth quarter. USA Financial Formulas now owns 5,273 shares of the company’s stock valued at $610,000 after acquiring an additional 5,142 shares in the last quarter. Godsey & Gibb Inc. increased its position in RTX by 0.3% during the 4th quarter. Godsey & Gibb Inc. now owns 202,492 shares of the company’s stock valued at $23,432,000 after purchasing an additional 641 shares during the period. Cliftonlarsonallen Wealth Advisors LLC raised its holdings in RTX by 7.9% in the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 13,972 shares of the company’s stock worth $1,617,000 after purchasing an additional 1,021 shares in the last quarter. Finally, Burney Co. lifted its position in shares of RTX by 0.4% in the 4th quarter. Burney Co. now owns 121,238 shares of the company’s stock worth $14,030,000 after purchasing an additional 458 shares during the period. 86.50% of the stock is currently owned by institutional investors.

RTX Price Performance

Shares of RTX opened at $119.07 on Thursday. The company has a market capitalization of $158.48 billion, a P/E ratio of 34.02, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81. RTX Co. has a twelve month low of $84.43 and a twelve month high of $128.70. 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 moving average of $118.14 and a 200 day moving average of $117.28.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same period in the prior year, the company posted $1.25 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, equities research analysts anticipate that RTX Co. will post 5.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

RTX has been the subject of a number of research reports. TD Cowen raised shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Barclays increased their target price on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Wells Fargo & Company lifted their price target on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $130.00 to $140.00 in a research note on Thursday, December 19th. Finally, Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and raised their price objective for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $156.87.

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.