Boomfish Wealth Group LLC Acquires 228 Shares of RTX Co. (NYSE:RTX)

Boomfish Wealth Group LLC lifted its holdings in shares of RTX Co. (NYSE:RTX) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,341 shares of the company’s stock after purchasing an additional 228 shares during the quarter. Boomfish Wealth Group LLC’s holdings in RTX were worth $1,660,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Strategic Investment Solutions Inc. IL purchased a new stake in shares of RTX during the 2nd quarter valued at $132,000. Newbridge Financial Services Group Inc. raised its position in RTX by 6.4% during the second quarter. Newbridge Financial Services Group Inc. now owns 2,662 shares of the company’s stock valued at $267,000 after purchasing an additional 159 shares in the last quarter. Mattson Financial Services LLC bought a new stake in RTX during the second quarter worth about $1,257,000. Abacus Planning Group Inc. increased its position in shares of RTX by 7.8% during the 3rd quarter. Abacus Planning Group Inc. now owns 2,986 shares of the company’s stock valued at $362,000 after purchasing an additional 215 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its position in RTX by 2.6% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 240,719 shares of the company’s stock worth $29,166,000 after buying an additional 6,097 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RTX. Susquehanna upped their price objective on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research note on Wednesday. UBS Group boosted their target price on RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their price target on RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday. Morgan Stanley increased their price objective on RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and upped their price objective for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and a consensus target price of $163.07.

RTX Stock Up 3.2 %

Shares of RTX stock opened at $129.14 on Friday. The company has a 50-day simple moving average of $118.97 and a two-hundred day simple moving average of $119.00. RTX Co. has a 52-week low of $88.90 and a 52-week high of $132.43. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.73 and a current ratio of 0.99. The stock has a market capitalization of $171.89 billion, a PE ratio of 36.38, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, analysts anticipate that RTX Co. will post 6.1 EPS 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.