Reston Wealth Management LLC Purchases 2,605 Shares of RTX Co. (NYSE:RTX)

Reston Wealth Management LLC grew its position in RTX Co. (NYSE:RTX) by 3,888.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,672 shares of the company’s stock after purchasing an additional 2,605 shares during the quarter. Reston Wealth Management LLC’s holdings in RTX were worth $309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Orrstown Financial Services Inc. boosted its position in shares of RTX by 1.2% in the fourth quarter. Orrstown Financial Services Inc. now owns 11,099 shares of the company’s stock worth $1,284,000 after purchasing an additional 134 shares during the period. Field & Main Bank lifted its holdings in shares of RTX by 0.8% in the fourth quarter. Field & Main Bank now owns 18,720 shares of the company’s stock worth $2,166,000 after buying an additional 150 shares in the last quarter. Strategic Blueprint LLC lifted its holdings in shares of RTX by 12.1% in the fourth quarter. Strategic Blueprint LLC now owns 8,235 shares of the company’s stock worth $953,000 after buying an additional 890 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of RTX by 5.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 383,440 shares of the company’s stock worth $44,372,000 after buying an additional 18,219 shares in the last quarter. Finally, Foster Group Inc. purchased a new position in shares of RTX in the fourth quarter worth $213,000. 86.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RTX has been the topic of several research analyst reports. Barclays boosted their target price on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Morgan Stanley upped their price target on shares of RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and upped their price target for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. UBS Group upped their price target on shares of RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. upped their price target on shares of RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $161.73.

RTX Stock Down 2.4 %

Shares of RTX stock opened at $125.25 on Thursday. 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 Co. has a 1 year low of $88.90 and a 1 year high of $132.43. The firm’s 50-day moving average is $118.79 and its two-hundred day moving average is $118.93. The stock 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 EPS for the quarter, beating 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, research analysts expect that RTX Co. will post 5.56 earnings per share for the current fiscal 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.