Barry Investment Advisors LLC Purchases 518 Shares of RTX Co. (NYSE:RTX)

Barry Investment Advisors LLC lifted its position in RTX Co. (NYSE:RTX) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,044 shares of the company’s stock after purchasing an additional 518 shares during the quarter. RTX comprises approximately 2.0% of Barry Investment Advisors LLC’s portfolio, making the stock its 16th largest holding. Barry Investment Advisors LLC’s holdings in RTX were worth $6,370,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Ascent Group LLC purchased a new stake in RTX during the second quarter valued at about $251,000. Magnolia Capital Advisors LLC purchased a new stake in RTX during the second quarter valued at about $253,000. Invst LLC purchased a new stake in RTX during the second quarter valued at about $243,000. Gateway Wealth Partners LLC boosted its position in RTX by 7.5% during the second quarter. Gateway Wealth Partners LLC now owns 4,558 shares of the company’s stock valued at $458,000 after buying an additional 319 shares during the period. Finally, Kimelman & Baird LLC purchased a new stake in shares of RTX during the second quarter worth about $46,000. Institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

RTX has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and raised their target price for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Morgan Stanley boosted their price target on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Susquehanna cut their price target on shares of RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company increased their price objective 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. Finally, Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $130.00 to $140.00 in a research report on Thursday, December 19th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $158.27.

RTX Price Performance

RTX stock opened at $128.21 on Wednesday. The company’s 50 day simple moving average is $118.67 and its 200-day simple moving average is $118.89. The company has a market capitalization of $170.65 billion, a price-to-earnings ratio of 36.63, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. RTX Co. has a 1 year low of $88.90 and a 1 year high of $132.43. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.97% and a return on equity of 11.96%. As a group, equities research analysts expect that RTX Co. will post 5.56 earnings per share for the current 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.