Liberty One Investment Management LLC grew its stake in RTX Co. (NYSE:RTX – Free Report) by 4.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 35,874 shares of the company’s stock after purchasing an additional 1,691 shares during the quarter. RTX makes up 0.5% of Liberty One Investment Management LLC’s holdings, making the stock its 29th largest holding. Liberty One Investment Management LLC’s holdings in RTX were worth $3,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently modified their holdings of RTX. Mather Group LLC. grew its holdings in RTX by 31.8% during the fourth quarter. Mather Group LLC. now owns 11,212 shares of the company’s stock worth $1,132,000 after purchasing an additional 2,704 shares during the period. Banque Pictet & Cie SA grew its holdings in RTX by 13.0% during the first quarter. Banque Pictet & Cie SA now owns 19,106 shares of the company’s stock worth $1,871,000 after purchasing an additional 2,200 shares during the period. CIBC Private Wealth Group LLC grew its holdings in RTX by 4.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,951,711 shares of the company’s stock worth $8,016,000 after purchasing an additional 202,376 shares during the period. Avantax Advisory Services Inc. grew its holdings in RTX by 46.7% during the first quarter. Avantax Advisory Services Inc. now owns 123,768 shares of the company’s stock worth $12,121,000 after purchasing an additional 39,387 shares during the period. Finally, AlphaCore Capital LLC lifted its position in RTX by 19.6% during the fourth quarter. AlphaCore Capital LLC now owns 11,107 shares of the company’s stock worth $1,121,000 after acquiring an additional 1,818 shares during the last quarter. Institutional investors own 79.06% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on RTX. Robert W. Baird cut their price objective on shares of RTX from $115.00 to $100.00 in a research report on Wednesday, July 26th. Royal Bank of Canada cut their price objective on shares of RTX from $110.00 to $105.00 in a research report on Wednesday, July 26th. Argus downgraded shares of RTX from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. StockNews.com started coverage on shares of RTX in a research report on Thursday, August 17th. They set a “buy” rating for the company. Finally, Citigroup dropped their price target on shares of RTX from $113.50 to $95.00 and set a “neutral” rating for the company in a research report on Thursday, July 27th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $104.33.
RTX Stock Performance
Shares of NYSE:RTX opened at $83.48 on Friday. The company’s 50 day simple moving average is $89.41 and its 200 day simple moving average is $94.88. The stock has a market capitalization of $121.51 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 2.14 and a beta of 0.97. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.10 and a quick ratio of 0.81. RTX Co. has a 1 year low of $80.27 and a 1 year high of $108.84.
RTX (NYSE:RTX – Get Free Report) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.11. The business had revenue of $18.32 billion during the quarter, compared to the consensus estimate of $17.68 billion. RTX had a return on equity of 9.98% and a net margin of 7.88%. RTX’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.16 earnings per share. As a group, research analysts predict that RTX Co. will post 5 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 worldwide. It operates through four segments: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for aircraft manufacturers and airlines, as well as regional, business, and general aviation; and for defense and commercial space operations.
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