Wealth Alliance Advisory Group LLC Purchases 2,840 Shares of RTX Co. (NYSE:RTX)

Wealth Alliance Advisory Group LLC raised its stake in shares of RTX Co. (NYSE:RTX) by 19.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 17,281 shares of the company’s stock after acquiring an additional 2,840 shares during the period. Wealth Alliance Advisory Group LLC’s holdings in RTX were worth $2,000,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its holdings in shares of 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 buying an additional 355 shares in the last quarter. Federated Hermes Inc. increased its stake in RTX by 36.1% during 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. raised its holdings in RTX by 140.5% during the 2nd quarter. Edgestream Partners L.P. now owns 8,022 shares of the company’s stock valued at $805,000 after buying an additional 4,686 shares during the period. Intech Investment Management LLC lifted its holdings in shares of RTX by 49.4% in the 2nd 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. Finally, Brighton Jones LLC boosted its position in shares of RTX by 5.1% during the second quarter. Brighton Jones LLC now owns 14,841 shares of the company’s stock valued at $1,490,000 after buying an additional 718 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

RTX stock opened at $121.30 on Friday. The company has a market cap of $161.45 billion, a PE ratio of 34.66, a P/E/G ratio of 1.84 and a beta of 0.81. The company has a fifty day moving average price of $118.10 and a two-hundred day moving average price of $117.57. RTX Co. has a 12 month low of $84.43 and a 12 month high of $128.70. 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 posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 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 analyst estimates of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $1.25 earnings per share. Research analysts expect that RTX Co. will post 5.55 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. 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. UBS Group upped their target price on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Morgan Stanley upped their price objective on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and upped their price target for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Finally, Wells Fargo & Company raised their price target 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. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.