Ritholtz Wealth Management Purchases 2,441 Shares of RTX Co. (NYSE:RTX)

Ritholtz Wealth Management boosted its stake in shares of RTX Co. (NYSE:RTX - Free Report) by 9.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,103 shares of the company's stock after buying an additional 2,441 shares during the period. Ritholtz Wealth Management's holdings in RTX were worth $3,252,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of RTX. MidAtlantic Capital Management Inc. acquired a new position in shares of RTX in the 3rd quarter valued at about $29,000. Western Pacific Wealth Management LP acquired a new position in shares of RTX in the 3rd quarter valued at about $41,000. Modus Advisors LLC acquired a new position in shares of RTX in the 4th quarter valued at about $39,000. ORG Wealth Partners LLC acquired a new position in RTX in the third quarter worth approximately $50,000. Finally, Kimelman & Baird LLC acquired a new position in RTX in the second quarter worth approximately $46,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on RTX shares. Barclays increased their price objective on RTX from $108.00 to $130.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 29th. Susquehanna dropped their price objective on RTX from $150.00 to $139.00 and set a "positive" rating on the stock in a report on Wednesday, January 8th. Royal Bank of Canada upgraded RTX from a "sector perform" rating to an "outperform" rating and increased their price objective for the stock from $130.00 to $140.00 in a report on Thursday, December 19th. Wells Fargo & Company upped their target price on RTX from $140.00 to $151.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft raised RTX from a "hold" rating to a "buy" rating and upped their target price for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, RTX has an average rating of "Moderate Buy" and a consensus target price of $156.87.

RTX Stock Performance

Shares of NYSE RTX traded up $0.84 during trading hours 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 business's fifty day moving average is $118.10 and its two-hundred day moving average is $117.57. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The company has a market cap of $161.45 billion, a price-to-earnings ratio of 34.66, a PEG ratio of 1.84 and a beta of 0.81. RTX Co. has a twelve month low of $84.43 and a twelve month high of $128.70.

RTX (NYSE:RTX - Get Free Report) last issued its earnings results 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 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 analyst estimates of $19.84 billion. During the same period in the prior year, the company posted $1.25 earnings per share. RTX's revenue was up 6.0% on a year-over-year basis. As a group, research analysts expect that RTX Co. will post 5.55 EPS for the current 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.