Reston Wealth Management LLC Boosts Holdings in RTX Co. (NYSE:RTX)

Reston Wealth Management LLC grew its position in shares of RTX Co. (NYSE:RTX - Free Report) by 3,888.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,672 shares of the company's stock after buying an additional 2,605 shares during the quarter. Reston Wealth Management LLC's holdings in RTX were worth $309,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. CX Institutional increased its stake in shares of RTX by 21.9% in the fourth quarter. CX Institutional now owns 65,150 shares of the company's stock worth $7,539,000 after purchasing an additional 11,706 shares in the last quarter. LRI Investments LLC grew its stake in shares of RTX by 6.5% in the 3rd quarter. LRI Investments LLC now owns 77,543 shares of the company's stock worth $9,221,000 after buying an additional 4,732 shares in the last quarter. Napa Wealth Management bought a new stake in shares of RTX in the 3rd quarter worth about $1,307,000. Czech National Bank lifted its holdings in shares of 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 last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of RTX by 16.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company's stock worth $9,510,000 after acquiring an additional 11,354 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on RTX. UBS Group lifted their price objective on shares of RTX from $128.00 to $142.00 and gave the company a "neutral" rating in a report on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of RTX from $140.00 to $150.00 and gave the stock an "overweight" rating in a research report on Wednesday. TD Cowen raised shares of RTX to a "strong-buy" rating in a report on Tuesday, October 8th. Bank of America lifted their price objective on shares of RTX from $145.00 to $155.00 and gave the company a "buy" rating in a report on Thursday. Finally, Susquehanna lifted their target price on shares of RTX from $139.00 to $147.00 and gave the company a "positive" rating in a research report on Wednesday. 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $162.73.

RTX Trading Up 2.6 %

Shares of RTX stock traded up $3.31 on Thursday, reaching $128.44. The company had a trading volume of 2,017,881 shares, compared to its average volume of 4,514,654. RTX Co. has a 52-week low of $88.90 and a 52-week high of $132.43. The firm's 50 day moving average price is $118.79 and its two-hundred day moving average price is $118.93. The firm has a market cap of $170.95 billion, a PE ratio of 36.69, a PEG ratio of 1.99 and a beta of 0.81. 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 (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.97% and a return on equity of 11.96%. Sell-side analysts predict that RTX Co. will post 5.56 earnings per share for the current fiscal year.

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.