Graypoint LLC Buys 802 Shares of RTX Co. (NYSE:RTX)

Graypoint LLC lifted its stake in RTX Co. (NYSE:RTX) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,467 shares of the company’s stock after acquiring an additional 802 shares during the quarter. Graypoint LLC’s holdings in RTX were worth $2,021,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. bought a new stake in RTX during the third quarter valued at approximately $29,000. Modus Advisors LLC bought a new stake in RTX during the fourth quarter valued at approximately $39,000. Fairfield Financial Advisors LTD bought a new stake in RTX during the second quarter valued at approximately $41,000. Western Pacific Wealth Management LP bought a new stake in RTX during the third quarter valued at approximately $41,000. Finally, Kimelman & Baird LLC bought a new stake in RTX during the second quarter valued at approximately $46,000. 86.50% of the stock is currently owned by institutional investors.

RTX Price Performance

RTX stock opened at $115.06 on Friday. The company has a market cap of $153.15 billion, a price-to-earnings ratio of 32.87, a PEG ratio of 2.08 and a beta of 0.81. The firm’s fifty day moving average is $118.26 and its 200 day moving average is $116.71. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. RTX Co. has a 52-week low of $84.43 and a 52-week high of $128.70.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (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 the consensus estimate of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. RTX’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.25 earnings per share. Sell-side analysts forecast that RTX Co. will post 5.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on RTX shares. Citigroup boosted their target price on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Susquehanna dropped their price target on shares of RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research report on Wednesday. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Morgan Stanley upped their price target on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada upgraded shares of RTX from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $130.00 to $140.00 in a research report on Thursday, December 19th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $156.87.

About RTX

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.