Flywheel Private Wealth LLC Makes New $398,000 Investment in RTX Co. (NYSE:RTX)

Flywheel Private Wealth LLC bought a new stake in shares of RTX Co. (NYSE:RTX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,439 shares of the company’s stock, valued at approximately $398,000.

Several other institutional investors and hedge funds have also recently modified their holdings of RTX. MidAtlantic Capital Management Inc. acquired a new position in shares of RTX during the 3rd quarter worth about $29,000. Modus Advisors LLC purchased a new stake in shares of RTX during the fourth quarter worth $39,000. Western Pacific Wealth Management LP acquired a new stake in shares of RTX in the third quarter valued at about $41,000. Kimelman & Baird LLC purchased a new position in shares of RTX in the second quarter worth about $46,000. Finally, ORG Wealth Partners LLC acquired a new position in RTX during the third quarter worth about $50,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $130.00 to $140.00 in a research note on Thursday, December 19th. Morgan Stanley lifted their price objective on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. TD Cowen raised RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Barclays boosted their price target on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Finally, Wells Fargo & Company raised their price objective on shares of RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $156.87.

RTX Stock Down 0.3 %

Shares of NYSE RTX opened at $119.07 on Thursday. RTX Co. has a 12-month low of $84.43 and a 12-month high of $128.70. The stock has a market cap of $158.48 billion, a P/E ratio of 34.02, a PEG ratio of 1.84 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 0.62. The business’s fifty day simple moving average is $118.14 and its 200-day simple moving average is $117.28.

RTX (NYSE:RTX) last announced its quarterly earnings data 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 return on equity of 11.96% and a net margin of 5.97%. The business had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. During the same quarter last year, the business posted $1.25 EPS. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities analysts predict that RTX Co. will post 5.55 EPS for the current fiscal 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.