RFG Advisory LLC Raises Holdings in RTX Co. (NYSE:RTX)

RFG Advisory LLC raised its holdings in shares of RTX Co. (NYSE:RTX) by 1.4% in the fourth quarter, HoldingsChannel reports. The firm owned 19,901 shares of the company’s stock after buying an additional 284 shares during the quarter. RFG Advisory LLC’s holdings in RTX were worth $2,303,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of RTX. MidAtlantic Capital Management Inc. bought a new position in RTX during the 3rd quarter valued at approximately $29,000. Modus Advisors LLC bought a new position in RTX during the 4th quarter valued at approximately $39,000. Western Pacific Wealth Management LP bought a new position in RTX during the 3rd quarter valued at approximately $41,000. Kimelman & Baird LLC bought a new position in RTX during the 2nd quarter valued at approximately $46,000. Finally, ORG Wealth Partners LLC bought a new position in RTX during the 3rd quarter valued at approximately $50,000. Institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX opened at $125.23 on Friday. The business’s fifty day simple moving average is $118.38 and its two-hundred day simple moving average is $118.29. 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 Co. has a 12 month low of $88.90 and a 12 month high of $128.70. The company has a market cap of $166.69 billion, a price-to-earnings ratio of 35.78, a P/E/G ratio of 1.99 and a beta of 0.81.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The firm had revenue of $20.09 billion for 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 company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the business posted $1.25 EPS. Research analysts anticipate that RTX Co. will post 5.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

RTX has been the subject of several research reports. Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $130.00 to $140.00 in a research report on Thursday, December 19th. TD Cowen raised RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Citigroup raised RTX from a “neutral” rating to a “buy” rating and increased their target price for the stock from $132.00 to $153.00 in a research report on Tuesday. 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. Finally, Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and increased their target price for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.