Aaron Wealth Advisors LLC Acquires 855 Shares of RTX Co. (NYSE:RTX)

Aaron Wealth Advisors LLC lifted its holdings in RTX Co. (NYSE:RTX) by 9.9% in the 4th quarter, Holdings Channel reports. The firm owned 9,480 shares of the company’s stock after buying an additional 855 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in RTX were worth $1,097,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX in the third quarter worth about $29,000. Modus Advisors LLC bought a new stake in RTX during the fourth quarter worth approximately $39,000. Western Pacific Wealth Management LP acquired a new position in RTX during the third quarter valued at approximately $41,000. Kimelman & Baird LLC bought a new position in shares of RTX in the second quarter valued at approximately $46,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of RTX in the third quarter worth $50,000. 86.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. UBS Group lifted their target price on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Susquehanna dropped their price target on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Barclays increased their price objective on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $130.00 to $140.00 in a report on Thursday, December 19th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and an average target price of $156.87.

RTX Price Performance

Shares of RTX stock opened at $121.30 on Friday. The stock’s fifty day simple moving average is $118.10 and its 200 day simple moving average is $117.57. RTX Co. has a one year low of $84.43 and a one year high of $128.70. The firm has a market cap of $161.45 billion, a price-to-earnings ratio of 34.66, 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.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business 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 firm earned $1.25 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, analysts expect that RTX Co. will post 5.55 earnings per share for the current fiscal year.

RTX Company 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.