RTX Co. (NYSE:RTX) Shares Purchased by Fortitude Family Office LLC

Fortitude Family Office LLC grew its holdings in shares of RTX Co. (NYSE:RTX) by 211.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,998 shares of the company’s stock after acquiring an additional 2,034 shares during the period. Fortitude Family Office LLC’s holdings in RTX were worth $347,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Elgethun Capital Management increased its holdings in RTX by 3.8% during the 2nd quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock worth $233,000 after purchasing an additional 85 shares during the last quarter. Avestar Capital LLC grew its position in shares of RTX by 0.6% during the third quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock worth $1,752,000 after buying an additional 85 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC increased its stake in shares of RTX by 20.1% in the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after buying an additional 86 shares during the last quarter. Blackston Financial Advisory Group LLC raised its holdings in RTX by 3.7% in the third quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock valued at $291,000 after acquiring an additional 86 shares in the last quarter. Finally, Canal Capital Management LLC boosted its stake in RTX by 2.1% during the 3rd quarter. Canal Capital Management LLC now owns 4,253 shares of the company’s stock valued at $515,000 after acquiring an additional 87 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Stock Up 1.1 %

RTX opened at $116.02 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. RTX Co. has a 12 month low of $84.43 and a 12 month high of $128.70. The stock’s 50 day moving average price is $118.26 and its 200 day moving average price is $116.71. The stock has a market cap of $154.42 billion, a P/E ratio of 33.15, a P/E/G ratio of 2.08 and a beta of 0.81.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. The company had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $1.25 earnings per share. As a group, research analysts predict that RTX Co. will post 5.56 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RTX. Wells Fargo & Company upped their target price on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday. TD Cowen upgraded RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Morgan Stanley lifted their target price on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and upped their price target for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Finally, UBS Group lifted their price objective on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $156.87.

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.