Gateway Wealth Partners LLC Boosts Stock Holdings in RTX Co. (NYSE:RTX)

Gateway Wealth Partners LLC raised its holdings in RTX Co. (NYSE:RTX) by 107.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,855 shares of the company’s stock after purchasing an additional 5,100 shares during the period. Gateway Wealth Partners LLC’s holdings in RTX were worth $1,140,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of RTX. Ascent Group LLC purchased a new position in shares of RTX in the second quarter worth about $251,000. Magnolia Capital Advisors LLC bought a new position in shares of RTX in the second quarter valued at approximately $253,000. Invst LLC bought a new position in shares of RTX in the second quarter valued at approximately $243,000. Kimelman & Baird LLC bought a new position in shares of RTX in the second quarter valued at approximately $46,000. Finally, Pathway Financial Advisers LLC boosted its position in shares of RTX by 1.5% in the second quarter. Pathway Financial Advisers LLC now owns 25,585 shares of the company’s stock valued at $2,561,000 after acquiring an additional 380 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Up 2.5 %

Shares of NYSE RTX opened at $128.21 on Wednesday. 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 52 week low of $88.90 and a 52 week high of $132.43. The firm’s fifty day moving average is $118.67 and its 200 day moving average is $118.89. The company has a market cap of $170.65 billion, a price-to-earnings ratio of 36.63, a PEG ratio of 1.99 and a beta of 0.81.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.97% and a return on equity of 11.96%. On average, equities research analysts expect that RTX Co. will post 5.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on RTX shares. UBS Group raised their price objective on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Morgan Stanley lifted their target price 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. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and lifted their target price for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Finally, Susquehanna dropped their target price on shares of RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, RTX presently has an average rating of “Moderate Buy” and a consensus target price of $158.27.

RTX 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.