RTX Co. (NYSE:RTX) Stake Raised by HB Wealth Management LLC

HB Wealth Management LLC grew its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 143,805 shares of the company's stock after purchasing an additional 2,155 shares during the period. HB Wealth Management LLC's holdings in RTX were worth $16,641,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. LRI Investments LLC increased its position in RTX by 6.5% during the 3rd quarter. LRI Investments LLC now owns 77,543 shares of the company's stock worth $9,221,000 after purchasing an additional 4,732 shares in the last quarter. Napa Wealth Management purchased a new position in shares of RTX during the third quarter valued at approximately $1,307,000. Czech National Bank grew its stake in RTX by 6.5% in the 4th quarter. Czech National Bank now owns 288,591 shares of the company's stock worth $33,396,000 after acquiring an additional 17,608 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in RTX by 16.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company's stock valued at $9,510,000 after acquiring an additional 11,354 shares during the last quarter. Finally, Empirical Asset Management LLC purchased a new position in shares of RTX during the 4th quarter worth $8,387,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RTX. UBS Group upped their target price on RTX from $126.00 to $133.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Barclays increased their price objective on shares of RTX from $108.00 to $130.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 29th. Citigroup boosted their target price on shares of RTX from $122.00 to $132.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. TD Cowen raised shares of RTX to a "strong-buy" rating in a research note on Tuesday, October 8th. Finally, Susquehanna cut their target price on RTX from $150.00 to $139.00 and set a "positive" rating on the stock 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 company. Based on data from MarketBeat, RTX presently has a consensus rating of "Moderate Buy" and an average price target of $156.87.

RTX Stock Performance

Shares of NYSE RTX traded up $0.84 during trading on Friday, reaching $121.30. The stock had a trading volume of 4,182,063 shares, compared to its average volume of 3,467,505. The firm's 50 day moving average price is $118.10 and its two-hundred day moving average price is $117.57. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. RTX Co. has a one year low of $84.43 and a one year high of $128.70. 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.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $19.84 billion. During the same quarter in the prior year, the business earned $1.25 earnings per share. RTX's quarterly revenue was up 6.0% on a year-over-year basis. On average, research analysts forecast that RTX Co. will post 5.55 earnings per share for the current fiscal year.

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.