HHM Wealth Advisors LLC Has $484,000 Holdings in RTX Co. (NYSE:RTX)

HHM Wealth Advisors LLC raised its stake in shares of RTX Co. (NYSE:RTX) by 97.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,183 shares of the company’s stock after acquiring an additional 2,061 shares during the quarter. HHM Wealth Advisors LLC’s holdings in RTX were worth $484,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in RTX. CX Institutional lifted its position in shares of RTX by 21.9% in the 4th quarter. CX Institutional now owns 65,150 shares of the company’s stock worth $7,539,000 after acquiring an additional 11,706 shares during the period. LRI Investments LLC lifted its position in RTX by 6.5% in the third quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock worth $9,221,000 after purchasing an additional 4,732 shares during the period. Napa Wealth Management acquired a new stake in RTX during the third quarter worth $1,307,000. Czech National Bank increased its holdings in RTX by 6.5% in the 4th quarter. Czech National Bank now owns 288,591 shares of the company’s stock valued at $33,396,000 after buying an additional 17,608 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of RTX by 16.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock valued at $9,510,000 after buying an additional 11,354 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. StockNews.com cut shares of RTX from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. 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 report on Tuesday, January 21st. Susquehanna upped their price target on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. UBS Group lifted their price objective on RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. increased their target price on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $163.07.

RTX Stock Up 0.1 %

Shares of NYSE:RTX opened at $129.08 on Monday. The company has a market capitalization of $171.81 billion, a PE ratio of 36.36, a PEG ratio of 2.17 and a beta of 0.82. RTX Co. has a 52 week low of $88.90 and a 52 week high of $132.43. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The company has a 50 day moving average price of $119.14 and a two-hundred day moving average price of $119.40.

RTX (NYSE:RTX) last released its quarterly earnings results 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%. Analysts forecast that RTX Co. will post 6.12 earnings per share for the current 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.