Gunderson Capital Management Inc. Makes New $5.05 Million Investment in RTX Co. (NYSE:RTX)

Gunderson Capital Management Inc. bought a new stake in shares of RTX Co. (NYSE:RTXFree Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 51,582 shares of the company’s stock, valued at approximately $5,053,000. RTX makes up about 3.3% of Gunderson Capital Management Inc.’s investment portfolio, making the stock its 14th biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of RTX in the fourth quarter valued at about $1,580,608,000. Moneta Group Investment Advisors LLC increased its stake in RTX by 87,932.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 13,614,259 shares of the company’s stock worth $1,373,951,000 after buying an additional 13,598,794 shares in the last quarter. Sanders Capital LLC purchased a new position in shares of RTX in the first quarter valued at approximately $769,926,000. Morgan Stanley boosted its stake in shares of RTX by 11.3% in the fourth quarter. Morgan Stanley now owns 30,509,436 shares of the company’s stock worth $3,079,013,000 after acquiring an additional 3,104,282 shares during the last quarter. Finally, Capital World Investors increased its position in shares of RTX by 32.8% during the first quarter. Capital World Investors now owns 9,130,557 shares of the company’s stock worth $904,564,000 after purchasing an additional 2,256,475 shares in the last quarter. 79.06% of the stock is owned by hedge funds and other institutional investors.

RTX Stock Up 0.4 %

NYSE:RTX traded up $0.30 during midday trading on Friday, reaching $75.80. The company had a trading volume of 16,049,827 shares, compared to its average volume of 7,307,043. The stock’s fifty day simple moving average is $87.19 and its 200-day simple moving average is $94.08. The company has a current ratio of 1.10, a quick ratio of 0.81 and a debt-to-equity ratio of 0.44. RTX Co. has a 12-month low of $73.62 and a 12-month high of $108.84. The firm has a market capitalization of $110.33 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 1.92 and a beta of 0.97.

RTX (NYSE:RTXGet Free Report) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $1.29 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 during the quarter, compared to analysts’ expectations of $17.68 billion. During the same quarter in the previous year, the business posted $1.16 EPS. The firm’s revenue was up 12.3% on a year-over-year basis. On average, sell-side analysts anticipate that RTX Co. will post 4.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on RTX shares. Royal Bank of Canada lowered shares of RTX from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $105.00 to $82.00 in a report on Tuesday. TD Cowen lowered their target price on RTX from $109.00 to $99.00 and set an “outperform” rating on the stock in a report on Tuesday. Argus lowered RTX from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Robert W. Baird reduced their price target on RTX from $115.00 to $100.00 in a report on Wednesday, July 26th. Finally, Melius lowered shares of RTX from an “overweight” rating to a “neutral” rating and set a $92.00 price objective for the company. in a report on Monday, September 11th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from, the company presently has an average rating of “Hold” and a consensus target price of $95.88.

Get Our Latest Research Report on RTX

RTX Profile

(Free Report)

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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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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