RTX Co. (NYSE:RTX) Shares Acquired by HB Wealth Management LLC

HB Wealth Management LLC increased its position in RTX Co. (NYSE:RTX) by 1.5% in the fourth quarter, Holdings Channel reports. The firm owned 143,805 shares of the company’s stock after purchasing an additional 2,155 shares during the quarter. HB Wealth Management LLC’s holdings in RTX were worth $16,641,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of RTX. Acadian Asset Management LLC lifted its holdings in RTX by 26.4% in the second quarter. Acadian Asset Management LLC now owns 1,700 shares of the company’s stock worth $170,000 after acquiring an additional 355 shares during the last quarter. Federated Hermes Inc. lifted its holdings in RTX by 36.1% in the second quarter. Federated Hermes Inc. now owns 9,613 shares of the company’s stock worth $965,000 after acquiring an additional 2,552 shares during the last quarter. Edgestream Partners L.P. lifted its holdings in RTX by 140.5% in the second quarter. Edgestream Partners L.P. now owns 8,022 shares of the company’s stock worth $805,000 after acquiring an additional 4,686 shares during the last quarter. E Fund Management Co. Ltd. bought a new position in RTX in the second quarter worth about $201,000. Finally, Intech Investment Management LLC lifted its holdings in RTX by 49.4% in the second quarter. Intech Investment Management LLC now owns 38,052 shares of the company’s stock worth $3,820,000 after acquiring an additional 12,583 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Stock Up 0.7 %

Shares of RTX stock traded up $0.84 on Friday, 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 50-day moving average price of $118.10 and a 200 day moving average price of $117.45. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. RTX Co. has a 12-month low of $84.43 and a 12-month high of $128.70. The company has a market cap of $161.45 billion, a PE ratio of 34.66, a PEG ratio of 1.84 and a beta of 0.81.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating 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 business had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. During the same quarter in the previous year, the business earned $1.25 EPS. RTX’s quarterly revenue was up 6.0% compared to the same quarter last year. Sell-side analysts predict that RTX Co. will post 5.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RTX. Wells Fargo & Company raised their target price on shares of RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Citigroup lifted their price target on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Susquehanna decreased their price target on shares of RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Morgan Stanley lifted their price target on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and lifted their price target for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.