RTX Co. (NYSE:RTX) Shares Acquired by Cliftonlarsonallen Wealth Advisors LLC

Cliftonlarsonallen Wealth Advisors LLC increased its stake in shares of RTX Co. (NYSE:RTX) by 7.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,972 shares of the company’s stock after purchasing an additional 1,021 shares during the quarter. Cliftonlarsonallen Wealth Advisors LLC’s holdings in RTX were worth $1,617,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Burney Co. grew its stake in shares of RTX by 0.4% during the fourth quarter. Burney Co. now owns 121,238 shares of the company’s stock worth $14,030,000 after purchasing an additional 458 shares in the last quarter. Wolff Wiese Magana LLC lifted its stake in RTX by 1.0% during the fourth quarter. Wolff Wiese Magana LLC now owns 21,564 shares of the company’s stock worth $2,495,000 after purchasing an additional 213 shares during the last quarter. Laurel Wealth Advisors LLC boosted its holdings in RTX by 2.0% in the fourth quarter. Laurel Wealth Advisors LLC now owns 23,769 shares of the company’s stock valued at $2,750,000 after purchasing an additional 455 shares in the last quarter. First Community Trust NA increased its stake in RTX by 11.1% in the fourth quarter. First Community Trust NA now owns 4,880 shares of the company’s stock valued at $565,000 after purchasing an additional 488 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in RTX by 27.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 7,230 shares of the company’s stock worth $837,000 after purchasing an additional 1,565 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Citigroup increased their target price on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. UBS Group raised their price objective on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a 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 report on Wednesday, January 8th. Morgan Stanley lifted their price target on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Finally, TD Cowen raised RTX to a “strong-buy” rating in a report on Tuesday, October 8th. 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.com, RTX has an average rating of “Moderate Buy” and a consensus price target of $156.87.

RTX Stock Performance

RTX traded up $0.55 during trading on Wednesday, reaching $120.02. The company’s stock had a trading volume of 253,966 shares, compared to its average volume of 3,486,635. 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’s fifty day moving average price is $118.18 and its 200-day moving average price is $117.14. RTX Co. has a 52-week low of $84.43 and a 52-week high of $128.70. The company has a market capitalization of $159.75 billion, a price-to-earnings ratio of 34.29, a price-to-earnings-growth ratio of 2.08 and a beta of 0.81.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The firm had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same quarter in the prior year, the company posted $1.25 earnings per share. RTX’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities analysts forecast 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.