RTX Co. (NYSE:RTX) Stock Holdings Raised by SignalPoint Asset Management LLC

SignalPoint Asset Management LLC raised its stake in RTX Co. (NYSE:RTX) by 2.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,064 shares of the company’s stock after purchasing an additional 194 shares during the period. SignalPoint Asset Management LLC’s holdings in RTX were worth $817,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Northside Capital Management LLC grew its position in shares of RTX by 3.9% during the 4th quarter. Northside Capital Management LLC now owns 5,357 shares of the company’s stock valued at $620,000 after buying an additional 200 shares during the last quarter. Heritage Family Offices LLP lifted its stake in shares of RTX by 0.8% in the 4th quarter. Heritage Family Offices LLP now owns 12,115 shares of the company’s stock worth $1,402,000 after acquiring an additional 101 shares during the period. Flywheel Private Wealth LLC acquired a new stake in shares of RTX in the 4th quarter worth approximately $398,000. Winch Advisory Services LLC lifted its stake in shares of RTX by 3.8% in the 4th quarter. Winch Advisory Services LLC now owns 12,110 shares of the company’s stock worth $1,401,000 after acquiring an additional 440 shares during the period. Finally, Smith Thornton Advisors LLC lifted its stake in shares of RTX by 22.5% in the 4th quarter. Smith Thornton Advisors LLC now owns 2,832 shares of the company’s stock worth $328,000 after acquiring an additional 521 shares during the period. Institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Susquehanna dropped their target price 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. Citigroup boosted their target price on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and boosted their target price for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Wells Fargo & Company boosted their target price on shares of RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Finally, TD Cowen upgraded shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Six 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $156.87.

RTX Stock Down 0.3 %

RTX stock opened at $119.07 on Thursday. The firm has a market capitalization of $158.48 billion, a P/E ratio of 34.02, a P/E/G ratio of 1.84 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The company’s 50 day simple moving average is $118.14 and its 200-day simple moving average is $117.28. RTX Co. has a 52-week low of $84.43 and a 52-week high of $128.70.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.11. The firm had revenue of $20.09 billion for 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%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.25 EPS. As a group, equities research analysts anticipate that RTX Co. will post 5.55 EPS for the current year.

RTX Profile

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.