RTX Co. (NYSE:RTX) Shares Bought by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC boosted its position in RTX Co. (NYSE:RTX) by 9.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,480 shares of the company’s stock after purchasing an additional 855 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in RTX were worth $1,097,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. LRI Investments LLC grew its holdings in RTX by 6.5% in the 3rd quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock worth $9,221,000 after buying an additional 4,732 shares in the last quarter. Napa Wealth Management bought a new position in shares of RTX in the third quarter worth $1,307,000. Czech National Bank raised its stake in shares of RTX by 6.5% during the fourth quarter. Czech National Bank now owns 288,591 shares of the company’s stock valued at $33,396,000 after purchasing an additional 17,608 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in RTX by 16.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock worth $9,510,000 after purchasing an additional 11,354 shares during the period. Finally, Kennebec Savings Bank bought a new position in RTX in the 3rd quarter valued at about $953,000. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

NYSE RTX opened at $121.30 on Friday. The company has a 50 day simple moving average of $118.10 and a 200-day simple moving average of $117.57. RTX Co. has a 52-week low of $84.43 and a 52-week high of $128.70. The firm has a market capitalization of $161.45 billion, a price-to-earnings ratio of 34.66, a price-to-earnings-growth ratio of 1.84 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 (NYSE:RTX) last issued 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. RTX had a net margin of 5.97% and a return on equity of 11.96%. The company had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. During the same quarter last year, the business posted $1.25 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities research analysts predict that RTX Co. will post 5.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

RTX has been the subject of a number of research analyst reports. TD Cowen raised shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. UBS Group lifted their price target on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Susquehanna lowered their target price on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Morgan Stanley raised their price objective on shares of RTX from $120.00 to $130.00 and gave the company 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 boosted their target price for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Six investment 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. According to data from MarketBeat, the stock presently has an average 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.