Ameritas Advisory Services LLC Boosts Stake in RTX Co. (NYSE:RTX)

Ameritas Advisory Services LLC boosted its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 59.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,759 shares of the company's stock after buying an additional 9,185 shares during the period. Ameritas Advisory Services LLC's holdings in RTX were worth $2,865,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in RTX. Elgethun Capital Management boosted its holdings in RTX by 3.8% in the second quarter. Elgethun Capital Management now owns 2,326 shares of the company's stock valued at $233,000 after purchasing an additional 85 shares during the last quarter. Avestar Capital LLC boosted its stake in shares of RTX by 0.6% during the 3rd quarter. Avestar Capital LLC now owns 14,461 shares of the company's stock worth $1,752,000 after acquiring an additional 85 shares in the last quarter. Arbor Wealth Advisors LLC boosted its stake in shares of RTX by 3.7% during the 4th quarter. Arbor Wealth Advisors LLC now owns 2,382 shares of the company's stock worth $276,000 after acquiring an additional 85 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC boosted its stake in shares of RTX by 20.1% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company's stock worth $62,000 after acquiring an additional 86 shares in the last quarter. Finally, Blackston Financial Advisory Group LLC boosted its stake in shares of RTX by 3.7% during the 3rd quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company's stock worth $291,000 after acquiring an additional 86 shares in the last quarter. Institutional investors own 86.50% of the company's stock.

RTX Price Performance

RTX stock traded up $0.84 during mid-day trading on Monday, reaching $121.30. The company's stock had a trading volume of 4,182,063 shares, compared to its average volume of 3,467,505. The stock has a market cap of $161.45 billion, a PE ratio of 34.66, a P/E/G 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. RTX Co. has a fifty-two week low of $84.43 and a fifty-two week high of $128.70. The company's 50 day moving average is $118.10 and its two-hundred day moving average is $117.69.

RTX (NYSE:RTX - Get Free Report) last released 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. The company had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. RTX's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.25 EPS. Equities research analysts expect that RTX Co. will post 5.55 EPS for the current year.

Analyst Upgrades and Downgrades

RTX has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of RTX from a "hold" rating to a "buy" rating and increased their target price for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Citigroup increased their target price on shares of RTX from $122.00 to $132.00 and gave the stock a "neutral" rating in a research note on Thursday, October 10th. Morgan Stanley increased their target price on shares of RTX from $120.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 23rd. Susquehanna lowered their target price on shares of RTX from $150.00 to $139.00 and set a "positive" rating on the stock in a research note on Wednesday, January 8th. Finally, TD Cowen upgraded shares of RTX to a "strong-buy" rating in a research report on Tuesday, October 8th. Six investment 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 stock. According to data from MarketBeat, RTX presently has an average rating of "Moderate Buy" and an average target price of $156.87.

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.