Atomi Financial Group Inc. bought a new stake in RTX Co. (NYSE:RTX – Free Report) during the first quarter, HoldingsChannel reports. The firm bought 4,848 shares of the company’s stock, valued at approximately $475,000.
A number of other hedge funds have also bought and sold shares of RTX. IAG Wealth Partners LLC acquired a new stake in shares of RTX during the 1st quarter valued at approximately $27,000. Quarry LP acquired a new stake in shares of RTX during the first quarter worth $28,000. Pin Oak Investment Advisors Inc. lifted its position in shares of RTX by 60.5% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 353 shares of the company’s stock worth $36,000 after buying an additional 133 shares during the last quarter. Rebalance LLC acquired a new position in shares of RTX in the 4th quarter valued at about $36,000. Finally, Tanglewood Legacy Advisors LLC acquired a new stake in RTX during the fourth quarter worth about $41,000. 79.06% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have recently commented on the company. Robert W. Baird lowered their target price on RTX from $115.00 to $100.00 in a report on Wednesday, July 26th. Susquehanna dropped their target price on RTX from $117.00 to $110.00 in a research report on Wednesday, July 26th. Morgan Stanley restated an “equal weight” rating and set a $95.00 price target (down previously from $110.00) on shares of RTX in a research report on Wednesday, July 26th. Citigroup cut their price objective on shares of RTX from $113.50 to $95.00 and set a “neutral” rating on the stock in a research report on Thursday, July 27th. Finally, JPMorgan Chase & Co. decreased their target price on shares of RTX from $100.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $95.88.
RTX Price Performance
NYSE:RTX opened at $75.56 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.10 and a debt-to-equity ratio of 0.44. The business’s 50-day moving average price is $88.07 and its 200 day moving average price is $94.37. RTX Co. has a 52-week low of $73.66 and a 52-week high of $108.84. The firm has a market cap of $109.98 billion, a P/E ratio of 20.04, a PEG ratio of 2.14 and a beta of 0.97.
RTX (NYSE:RTX – Get Free Report) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.11. RTX had a net margin of 7.88% and a return on equity of 9.98%. The company had revenue of $18.32 billion for the quarter, compared to analysts’ expectations of $17.68 billion. During the same quarter in the previous year, the company posted $1.16 EPS. The business’s revenue was up 12.3% compared to the same quarter last year. As a group, sell-side analysts predict that RTX Co. will post 5 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 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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