Magnus Financial Group LLC boosted its holdings in shares of RTX Co. (NYSE:RTX – Free Report) by 8.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,217 shares of the company’s stock after acquiring an additional 804 shares during the period. Magnus Financial Group LLC’s holdings in RTX were worth $1,182,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX during the third quarter worth $29,000. Modus Advisors LLC acquired a new position in shares of RTX during the 4th quarter worth about $39,000. Western Pacific Wealth Management LP bought a new stake in shares of RTX in the 3rd quarter valued at about $41,000. Kimelman & Baird LLC acquired a new stake in shares of RTX in the 2nd quarter valued at approximately $46,000. Finally, ORG Wealth Partners LLC bought a new position in RTX during the 3rd quarter worth approximately $50,000. Institutional investors own 86.50% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on RTX shares. Wells Fargo & Company upped their target price on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $130.00 to $140.00 in a report on Thursday, December 19th. Susquehanna lowered their price target on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Barclays lifted their price objective on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Finally, UBS Group increased their target price on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and an average target price of $158.27.
RTX Stock Down 0.8 %
RTX stock opened at $124.77 on Wednesday. The company has a fifty day simple moving average of $118.08 and a 200 day simple moving average of $118.01. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. RTX Co. has a 1-year low of $87.96 and a 1-year high of $128.70. The company has a market cap of $166.07 billion, a P/E ratio of 35.82, a price-to-earnings-growth ratio of 1.93 and a beta of 0.81.
RTX (NYSE:RTX – Get Free Report) last released its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. The business had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. RTX’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.25 earnings per share. Research analysts anticipate that RTX Co. will post 5.56 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.
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