GSB Wealth Management LLC Has $2.15 Million Holdings in RTX Co. (NYSE:RTX)

GSB Wealth Management LLC increased its stake in RTX Co. (NYSE:RTX) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,576 shares of the company’s stock after buying an additional 212 shares during the quarter. GSB Wealth Management LLC’s holdings in RTX were worth $2,150,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Cyndeo Wealth Partners LLC lifted its holdings in RTX by 0.8% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 29,546 shares of the company’s stock valued at $3,419,000 after purchasing an additional 235 shares during the last quarter. Eclectic Associates Inc. ADV lifted its holdings in RTX by 2.9% during the 4th quarter. Eclectic Associates Inc. ADV now owns 6,039 shares of the company’s stock valued at $699,000 after purchasing an additional 173 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in RTX by 4.8% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 441,079 shares of the company’s stock valued at $51,042,000 after purchasing an additional 20,182 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in RTX by 7.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 90,506 shares of the company’s stock valued at $10,473,000 after purchasing an additional 6,139 shares during the last quarter. Finally, CX Institutional lifted its holdings in RTX by 21.9% during the 4th quarter. CX Institutional now owns 65,150 shares of the company’s stock valued at $7,539,000 after purchasing an additional 11,706 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on RTX shares. 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. Susquehanna lowered their price objective on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. UBS Group increased their price objective on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Morgan Stanley increased their price objective on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Finally, Barclays increased their price objective on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Five 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. Based on data from MarketBeat, RTX presently has an average rating of “Moderate Buy” and a consensus price target of $158.27.

RTX Stock Performance

RTX stock opened at $125.23 on Friday. RTX Co. has a 12-month low of $88.90 and a 12-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 business’s 50-day moving average price is $118.38 and its two-hundred day moving average price is $118.29. The stock has a market cap of $166.69 billion, a PE ratio of 35.78, a P/E/G ratio of 1.99 and a beta of 0.81.

RTX (NYSE:RTX) last released its 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 analysts’ expectations of $19.84 billion. During the same quarter in the previous year, the business posted $1.25 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, analysts expect 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.