Goldstone Financial Group LLC Acquires 329 Shares of RTX Co. (NYSE:RTX)

Goldstone Financial Group LLC lifted its holdings in shares of RTX Co. (NYSE:RTX) by 14.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,600 shares of the company’s stock after acquiring an additional 329 shares during the quarter. Goldstone Financial Group LLC’s holdings in RTX were worth $301,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. KMG Fiduciary Partners LLC raised its stake in RTX by 0.6% in the fourth quarter. KMG Fiduciary Partners LLC now owns 81,969 shares of the company’s stock worth $9,485,000 after buying an additional 487 shares in the last quarter. Empirical Asset Management LLC purchased a new position in shares of RTX in the 4th quarter valued at approximately $8,387,000. Cvfg LLC purchased a new stake in RTX in the fourth quarter worth $238,000. Bouvel Investment Partners LLC raised its holdings in RTX by 0.8% in the fourth quarter. Bouvel Investment Partners LLC now owns 28,788 shares of the company’s stock worth $3,331,000 after purchasing an additional 216 shares in the last quarter. Finally, Cohen Investment Advisors LLC grew its position in shares of RTX by 0.7% in the 4th quarter. Cohen Investment Advisors LLC now owns 28,887 shares of the company’s stock worth $3,343,000 after buying an additional 195 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Price Performance

Shares of NYSE:RTX opened at $121.30 on Friday. The firm’s 50 day moving average price is $118.10 and its 200-day moving average price is $117.45. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $161.45 billion, a PE ratio of 34.66, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81. RTX Co. has a twelve month low of $84.43 and a twelve month high of $128.70.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. The firm had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. During the same quarter in the previous year, the firm posted $1.25 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities research analysts expect that RTX Co. will post 5.55 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Citigroup upped their price objective on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Morgan Stanley increased their target price on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. TD Cowen raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Wells Fargo & Company upped their target price on shares of RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Finally, Susquehanna decreased their price objective on shares of RTX from $150.00 to $139.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Six 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. According to MarketBeat, RTX has an average rating of “Moderate Buy” and a consensus price target of $156.87.

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.