RTX Co. (NYSE:RTX) Shares Purchased by Enclave Advisors LLC

Enclave Advisors LLC raised its position in RTX Co. (NYSE:RTX) by 5.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,898 shares of the company’s stock after acquiring an additional 204 shares during the quarter. Enclave Advisors LLC’s holdings in RTX were worth $451,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Elgethun Capital Management raised its holdings in RTX by 3.8% during the second quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock worth $233,000 after purchasing an additional 85 shares during the last quarter. Avestar Capital LLC increased its position in shares of RTX by 0.6% in the third quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock valued at $1,752,000 after buying an additional 85 shares in the last quarter. Arbor Wealth Advisors LLC raised its stake in shares of RTX by 3.7% during the 4th quarter. Arbor Wealth Advisors LLC now owns 2,382 shares of the company’s stock worth $276,000 after buying an additional 85 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC boosted its position 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 buying an additional 86 shares in the last quarter. Finally, Blackston Financial Advisory Group LLC grew its stake in RTX by 3.7% in the 3rd quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock valued at $291,000 after acquiring an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RTX. Barclays upped their price target on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. UBS Group increased their target price on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $130.00 to $140.00 in a research report on Thursday, December 19th. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and upped their price objective for the company from $132.00 to $153.00 in a research report on Tuesday. Finally, Wells Fargo & Company boosted their target price 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. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and a consensus price target of $158.27.

RTX Price Performance

RTX opened at $125.75 on Wednesday. RTX Co. has a 1 year low of $85.01 and a 1 year high of $128.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The company’s 50 day simple moving average is $118.08 and its 200 day simple moving average is $118.01. The stock has a market capitalization of $167.37 billion, a PE ratio of 35.93, a P/E/G ratio of 1.93 and a beta of 0.81.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.11. The company had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.25 EPS. As a group, sell-side analysts expect that RTX Co. will post 5.56 EPS for the current 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.