RTX Co. (NYSE:RTX) Shares Acquired by Solidarity Wealth LLC

Solidarity Wealth LLC grew its stake in RTX Co. (NYSE:RTX) by 28.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 73,227 shares of the company’s stock after buying an additional 16,375 shares during the quarter. RTX accounts for about 2.2% of Solidarity Wealth LLC’s portfolio, making the stock its 14th largest holding. Solidarity Wealth LLC’s holdings in RTX were worth $8,474,000 as of its most recent filing with the Securities & Exchange Commission.

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

RTX Trading Up 0.7 %

Shares of RTX stock opened at $121.30 on Tuesday. The firm has a 50-day moving average price of $118.03 and a 200 day moving average price of $117.84. RTX Co. has a twelve month low of $84.43 and a twelve month high of $128.70. The company has a market capitalization of $161.45 billion, a price-to-earnings ratio of 34.66, a PEG ratio of 1.93 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.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The company had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter in the prior year, the company posted $1.25 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. Research analysts forecast that RTX Co. will post 5.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on RTX shares. Citigroup increased their price objective on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Barclays increased their price objective on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $130.00 to $140.00 in a report on Thursday, December 19th. UBS Group increased their price target on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company increased their price target on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and an average price target of $156.87.

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.