Leonard Rickey Investment Advisors P.L.L.C. Boosts Stock Holdings in RTX Co. (NYSE:RTX)

Leonard Rickey Investment Advisors P.L.L.C. increased its position in RTX Co. (NYSE:RTX) by 10.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,853 shares of the company’s stock after acquiring an additional 179 shares during the period. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in RTX were worth $214,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Elgethun Capital Management lifted its holdings in shares of RTX by 3.8% during the second quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock valued at $233,000 after purchasing an additional 85 shares in the last quarter. Avestar Capital LLC raised its position in RTX by 0.6% in the 3rd quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock worth $1,752,000 after buying an additional 85 shares during the last quarter. Arbor Wealth Advisors LLC lifted its stake in RTX by 3.7% during the 4th quarter. Arbor Wealth Advisors LLC now owns 2,382 shares of the company’s stock valued at $276,000 after acquiring an additional 85 shares during the period. Mowery & Schoenfeld Wealth Management LLC boosted its holdings in shares of RTX by 20.1% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock valued at $62,000 after acquiring an additional 86 shares during the last quarter. Finally, Blackston Financial Advisory Group LLC grew its stake in shares of RTX by 3.7% in the third quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock worth $291,000 after acquiring an additional 86 shares during the period. 86.50% of the stock is owned by institutional investors.

RTX Trading Up 0.7 %

RTX stock opened at $121.30 on Tuesday. The company has a market capitalization of $161.45 billion, a price-to-earnings ratio of 34.66, a PEG ratio of 1.93 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. RTX Co. has a 1-year low of $84.43 and a 1-year high of $128.70. The business has a 50 day simple moving average of $118.03 and a two-hundred day simple moving average of $117.84.

RTX (NYSE:RTX) last announced its quarterly 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. RTX had a net margin of 5.97% and a return on equity of 11.96%. The company had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same period in the previous year, the firm posted $1.25 EPS. RTX’s revenue for the quarter was up 6.0% compared to the same quarter last year. Research analysts anticipate that RTX Co. will post 5.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RTX. Morgan Stanley raised 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. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and upped their price objective for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Barclays raised their target price on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $130.00 to $140.00 in a research report on Thursday, December 19th. Finally, UBS Group raised their price objective on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Six 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.87.

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.