Foster Group Inc. Invests $213,000 in RTX Co. (NYSE:RTX)

Foster Group Inc. acquired a new stake in shares of RTX Co. (NYSE:RTX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,837 shares of the company’s stock, valued at approximately $213,000.

A number of other institutional investors also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. purchased a new position in shares of RTX in the third quarter worth approximately $29,000. Modus Advisors LLC bought a new position in RTX in the fourth quarter worth approximately $39,000. Western Pacific Wealth Management LP purchased a new position in shares of RTX during the 3rd quarter worth $41,000. ORG Wealth Partners LLC bought a new stake in shares of RTX during the 3rd quarter valued at $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC increased its stake in shares of RTX by 20.1% in the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after purchasing an additional 86 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Trading Down 2.4 %

Shares of RTX stock opened at $125.25 on Thursday. RTX Co. has a twelve month low of $88.90 and a twelve month high of $132.43. 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 business has a 50-day moving average price of $118.79 and a 200-day moving average price of $118.93. The firm has a market cap of $166.71 billion, a price-to-earnings ratio of 35.79, a PEG ratio of 1.99 and a beta of 0.81.

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

Wall Street Analysts Forecast Growth

RTX has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday. StockNews.com cut RTX from a “buy” rating to a “hold” rating in a research report on Wednesday. Morgan Stanley increased their target price on shares of RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday. Susquehanna lifted their price target on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a report on Wednesday. Finally, Wells Fargo & Company increased their price objective 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. Six investment 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 presently has a consensus rating of “Moderate Buy” and an average price target of $161.73.

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.