RTX Co. (NYSE:RTX) Shares Acquired by USA Financial Formulas

USA Financial Formulas increased its stake in shares of RTX Co. (NYSE:RTX - Free Report) by 3,925.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,273 shares of the company's stock after buying an additional 5,142 shares during the quarter. USA Financial Formulas' holdings in RTX were worth $610,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. MidAtlantic Capital Management Inc. acquired a new position in RTX in the 3rd quarter valued at about $29,000. Modus Advisors LLC acquired a new position in RTX in the fourth quarter valued at approximately $39,000. Western Pacific Wealth Management LP purchased a new position in RTX in the third quarter worth approximately $41,000. Kimelman & Baird LLC purchased a new stake in RTX in the second quarter valued at $46,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of RTX in the 3rd quarter valued at $50,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Stock Up 0.5 %

RTX stock traded up $0.54 during midday trading on Thursday, reaching $119.63. The company's stock had a trading volume of 2,196,532 shares, compared to its average volume of 3,770,282. The company has a market cap of $159.23 billion, a P/E ratio of 34.18, a P/E/G ratio of 1.84 and a beta of 0.81. 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 has a 50-day simple moving average of $118.14 and a 200-day simple moving average of $117.28. RTX Co. has a fifty-two week low of $84.43 and a fifty-two week high of $128.70.

RTX (NYSE:RTX - Get Free Report) last issued its earnings results 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. The business had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $1.25 EPS. On average, research analysts expect that RTX Co. will post 5.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of RTX from $120.00 to $130.00 and gave the company an "equal weight" rating in a report on Wednesday, October 23rd. Susquehanna reduced their price target 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. Citigroup increased their price objective on shares of RTX from $122.00 to $132.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. TD Cowen raised RTX to a "strong-buy" rating in a research report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft raised 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. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $156.87.

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.