Piscataqua Savings Bank Acquires 2,199 Shares of RTX Co. (NYSE:RTX)

Piscataqua Savings Bank increased its holdings in shares of RTX Co. (NYSE:RTX) by 15.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,654 shares of the company’s stock after buying an additional 2,199 shares during the quarter. RTX accounts for about 1.3% of Piscataqua Savings Bank’s holdings, making the stock its 21st biggest holding. Piscataqua Savings Bank’s holdings in RTX were worth $1,631,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of RTX. Jackson Hole Capital Partners LLC boosted its stake in RTX by 0.3% in the 4th quarter. Jackson Hole Capital Partners LLC now owns 39,562 shares of the company’s stock worth $3,993,000 after purchasing an additional 100 shares during the period. Tyler Stone Wealth Management raised its stake in RTX by 5.0% during the fourth quarter. Tyler Stone Wealth Management now owns 2,097 shares of the company’s stock valued at $212,000 after purchasing an additional 100 shares in the last quarter. Argent Advisors Inc. lifted its position in RTX by 2.8% during the first quarter. Argent Advisors Inc. now owns 3,720 shares of the company’s stock valued at $364,000 after purchasing an additional 100 shares during the last quarter. Legal Advantage Investments Inc. grew its stake in shares of RTX by 0.5% in the 1st quarter. Legal Advantage Investments Inc. now owns 18,734 shares of the company’s stock worth $1,835,000 after buying an additional 101 shares in the last quarter. Finally, Element Wealth LLC raised its position in shares of RTX by 3.7% during the 1st quarter. Element Wealth LLC now owns 2,893 shares of the company’s stock valued at $283,000 after buying an additional 103 shares in the last quarter. 79.06% of the stock is owned by institutional investors and hedge funds.

RTX Stock Performance

NYSE RTX opened at $75.17 on Tuesday. 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 twelve month low of $73.62 and a twelve month high of $108.84. The stock has a 50-day moving average of $86.75 and a 200 day moving average of $93.86. The stock has a market capitalization of $109.41 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 1.87 and a beta of 0.97.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, July 25th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.11. The firm had revenue of $18.32 billion for the quarter, compared to analyst estimates of $17.68 billion. RTX had a return on equity of 9.98% and a net margin of 7.88%. The business’s revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.16 EPS. Sell-side analysts anticipate that RTX Co. will post 4.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $95.00 price objective (down from $110.00) on shares of RTX in a research note on Wednesday, July 26th. Royal Bank of Canada lowered shares of RTX from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $105.00 to $82.00 in a report on Tuesday, September 12th. Bank of America lowered shares of RTX from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $95.00 to $75.00 in a research report on Thursday, September 14th. Barclays lowered shares of RTX from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $100.00 to $75.00 in a research note on Tuesday, September 12th. Finally, JPMorgan Chase & Co. reduced their price target on shares of RTX from $100.00 to $87.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 13th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $94.06.

About RTX

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.