Terra Nova Asset Management LLC Buys 4,731 Shares of RTX Co. (NYSE:RTX)

Terra Nova Asset Management LLC boosted its position in RTX Co. (NYSE:RTX - Free Report) by 37.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,406 shares of the company's stock after acquiring an additional 4,731 shares during the quarter. Terra Nova Asset Management LLC's holdings in RTX were worth $2,014,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in RTX by 1.9% in the third quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company's stock worth $3,290,622,000 after purchasing an additional 508,344 shares during the period. Fisher Asset Management LLC grew its stake in shares of RTX by 4.8% during the 3rd quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company's stock valued at $2,238,004,000 after purchasing an additional 852,183 shares during the period. Legal & General Group Plc raised its position in RTX by 4.4% in the second quarter. Legal & General Group Plc now owns 8,577,770 shares of the company's stock worth $861,122,000 after acquiring an additional 362,340 shares during the period. Ameriprise Financial Inc. grew its holdings in RTX by 5.2% during the second quarter. Ameriprise Financial Inc. now owns 8,284,944 shares of the company's stock valued at $831,740,000 after purchasing an additional 408,551 shares during the period. Finally, FMR LLC increased its holdings in RTX by 8.7% in the 3rd quarter. FMR LLC now owns 6,102,848 shares of the company's stock worth $739,421,000 after acquiring an additional 490,109 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on RTX. Morgan Stanley boosted their target price on shares of RTX from $120.00 to $130.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 23rd. UBS Group lifted their price target on shares of RTX from $126.00 to $133.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. Royal Bank of Canada raised shares of RTX from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. Citigroup increased their price target on RTX from $122.00 to $132.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. Finally, Barclays boosted their price target on RTX from $108.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 29th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on 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 on Monday, hitting $121.30. 4,182,063 shares of the company traded hands, compared to its average volume of 3,467,505. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The business's fifty day moving average is $118.10 and its 200-day moving average is $117.69. The stock has a market capitalization 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 one year low of $84.43 and a one year high of $128.70.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS 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 analysts' expectations of $19.84 billion. During the same period in the previous year, the business earned $1.25 earnings per share. RTX's revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities analysts predict 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.