McAdam LLC Purchases 485 Shares of RTX Co. (NYSE:RTX)

McAdam LLC lifted its position in shares of RTX Co. (NYSE:RTX) by 10.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,996 shares of the company’s stock after purchasing an additional 485 shares during the quarter. McAdam LLC’s holdings in RTX were worth $578,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of RTX. Greenleaf Trust boosted its position in shares of RTX by 2.3% during the 4th quarter. Greenleaf Trust now owns 84,407 shares of the company’s stock valued at $9,768,000 after purchasing an additional 1,921 shares in the last quarter. Golden State Equity Partners grew its position in shares of RTX by 3,578.6% during the 4th quarter. Golden State Equity Partners now owns 35,278 shares of the company’s stock worth $4,082,000 after buying an additional 34,319 shares during the period. Avantra Family Wealth Inc. bought a new stake in shares of RTX in the 4th quarter valued at $860,000. Journey Strategic Wealth LLC lifted its position in shares of RTX by 5.1% during the 4th quarter. Journey Strategic Wealth LLC now owns 8,774 shares of the company’s stock valued at $1,015,000 after acquiring an additional 425 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. grew its holdings in RTX by 1.1% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 37,255 shares of the company’s stock worth $4,311,000 after purchasing an additional 422 shares during the period. Institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

NYSE RTX opened at $129.08 on Monday. 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 market capitalization of $171.81 billion, a PE ratio of 36.36, a price-to-earnings-growth 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 50-day simple moving average of $119.14 and a 200 day simple moving average of $119.40.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. On average, research analysts predict that RTX Co. will post 6.12 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on RTX. TD Cowen raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. JPMorgan Chase & Co. lifted their price target on shares of RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Bank of America upped their price objective on shares of RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Wells Fargo & Company lifted their price objective on shares of RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and an average price target of $163.07.

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.