Quad Cities Investment Group LLC Purchases Shares of 2,184 RTX Co. (NYSE:RTX)

Quad Cities Investment Group LLC acquired a new position in RTX Co. (NYSE:RTX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,184 shares of the company’s stock, valued at approximately $253,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. purchased a new position in shares of RTX during the 3rd quarter worth $29,000. Modus Advisors LLC bought a new position in RTX in the 4th quarter worth $39,000. Fairfield Financial Advisors LTD purchased a new position in RTX during the second quarter valued at $41,000. Western Pacific Wealth Management LP bought a new stake in RTX during the third quarter valued at about $41,000. Finally, Kimelman & Baird LLC purchased a new stake in RTX in the second quarter worth about $46,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Susquehanna cut their price objective on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Citigroup upped their price target on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. 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. Wells Fargo & Company increased their price target on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and boosted their price objective for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and a consensus price target of $156.87.

RTX Stock Up 2.4 %

NYSE RTX opened at $117.85 on Tuesday. The stock has a 50 day moving average price of $118.18 and a 200-day moving average price of $117.14. RTX Co. has a one year low of $84.43 and a one year high of $128.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The company has a market capitalization of $156.86 billion, a P/E ratio of 33.67, a P/E/G ratio of 2.08 and a beta of 0.81.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.34 by $0.11. The business 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%. RTX’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.25 earnings per share. As a group, equities analysts predict that RTX Co. will post 5.56 EPS 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.