N.E.W. Advisory Services LLC Has $450,000 Stake in RTX Co. (NYSE:RTX)

N.E.W. Advisory Services LLC raised its position in shares of RTX Co. (NYSE:RTX) by 5.5% in the 4th quarter, Holdings Channel reports. The firm owned 3,888 shares of the company’s stock after acquiring an additional 201 shares during the period. N.E.W. Advisory Services LLC’s holdings in RTX were worth $450,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CX Institutional raised its position in RTX by 21.9% during the fourth 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 in the last quarter. LRI Investments LLC raised its position in RTX by 6.5% during the third quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock valued at $9,221,000 after purchasing an additional 4,732 shares in the last quarter. Napa Wealth Management acquired a new position in RTX during the third quarter valued at approximately $1,307,000. Czech National Bank raised its position in RTX by 6.5% during the fourth quarter. Czech National Bank now owns 288,591 shares of the company’s stock valued at $33,396,000 after purchasing an additional 17,608 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in RTX by 16.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock valued at $9,510,000 after purchasing an additional 11,354 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Vertical Research raised shares of RTX to a “strong-buy” rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday. StockNews.com cut shares of RTX from a “buy” rating to a “hold” rating in a research note on Wednesday. Morgan Stanley boosted their price objective on shares of RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, UBS Group boosted their price objective on shares of RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $163.07.

RTX Price Performance

Shares of NYSE RTX opened at $129.08 on Friday. The firm’s 50-day moving average price is $119.14 and its 200-day moving average price is $119.20. RTX Co. has a 1-year low of $88.90 and a 1-year high of $132.43. The firm has a market capitalization of $171.81 billion, a P/E ratio of 36.36, a P/E/G 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 0.63.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. Equities research analysts anticipate that RTX Co. will post 6.1 earnings per share for the current fiscal year.

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.