Code Waechter LLC Makes New Investment in RTX Co. (NYSE:RTX)

Code Waechter LLC bought a new stake in shares of RTX Co. (NYSE:RTX) in the 4th quarter, Holdings Channel reports. The fund bought 2,141 shares of the company’s stock, valued at approximately $248,000.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and increased their target price for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Royal Bank of Canada upgraded shares of RTX from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. UBS Group boosted 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. Susquehanna decreased their target price on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Finally, Citigroup boosted their price objective on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Six equities research 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. Based on data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and an average price target of $156.87.

RTX Stock Up 2.4 %

NYSE RTX opened at $117.85 on Tuesday. The company has a market capitalization of $156.86 billion, a P/E ratio of 33.67, a PEG ratio of 2.08 and a beta of 0.81. RTX Co. has a 12 month low of $84.43 and a 12 month high of $128.70. The company’s 50 day simple moving average is $118.18 and its 200 day simple moving average is $117.14. 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, topping analysts’ consensus estimates of $1.34 by $0.11. The firm had revenue of $20.09 billion during 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 company’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business posted $1.25 EPS. Equities research analysts expect that RTX Co. will post 5.56 earnings per share for the current fiscal year.

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.