Franklin Street Advisors Inc. NC Purchases 10,542 Shares of RTX Co. (NYSE:RTX)

Franklin Street Advisors Inc. NC raised its position in shares of RTX Co. (NYSE:RTX) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 191,743 shares of the company’s stock after purchasing an additional 10,542 shares during the period. RTX accounts for approximately 1.5% of Franklin Street Advisors Inc. NC’s portfolio, making the stock its 22nd largest holding. Franklin Street Advisors Inc. NC’s holdings in RTX were worth $22,189,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RTX. MidAtlantic Capital Management Inc. purchased a new stake in shares of RTX during the third quarter worth $29,000. Modus Advisors LLC purchased a new stake in shares of RTX during the fourth quarter worth $39,000. Fairfield Financial Advisors LTD purchased a new stake in shares of RTX during the second quarter worth $41,000. Western Pacific Wealth Management LP purchased a new stake in shares of RTX during the third quarter worth $41,000. Finally, Kimelman & Baird LLC purchased a new stake in shares of RTX during the second quarter worth $46,000. 86.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

RTX has been the topic of several recent research reports. 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. Morgan Stanley raised their price target on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Citigroup raised their price target on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. UBS Group raised their price target on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, TD Cowen upgraded RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $156.87.

RTX Stock Down 0.5 %

RTX stock traded down $0.63 during trading hours on Friday, hitting $115.29. 1,060,984 shares of the stock traded hands, compared to its average volume of 3,129,380. The firm’s 50-day moving average price is $118.26 and its two-hundred day moving average price is $116.71. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The company has a market cap of $153.45 billion, a PE ratio of 32.94, a PEG ratio of 2.08 and a beta of 0.81. RTX Co. has a one year low of $84.43 and a one year high of $128.70.

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 the consensus estimate of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The firm had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. During the same period last year, the business earned $1.25 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. On average, research analysts forecast that RTX Co. will post 5.56 EPS for the current year.

RTX 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.