Insight Inv LLC Boosts Stake in RTX Co. (NYSE:RTX)

Insight Inv LLC grew its holdings in shares of RTX Co. (NYSE:RTX) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,386 shares of the company’s stock after acquiring an additional 837 shares during the quarter. RTX comprises 1.5% of Insight Inv LLC’s investment portfolio, making the stock its 24th largest position. Insight Inv LLC’s holdings in RTX were worth $2,128,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MidAtlantic Capital Management Inc. bought a new stake in shares of RTX during the 3rd quarter worth $29,000. Modus Advisors LLC purchased a new stake in RTX during the fourth quarter valued at about $39,000. Western Pacific Wealth Management LP purchased a new position in shares of RTX in the 3rd quarter worth about $41,000. Kimelman & Baird LLC bought a new position in shares of RTX during the 2nd quarter valued at about $46,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of RTX during the 3rd quarter valued at about $50,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of recent research reports. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and increased their price target for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and increased their target price for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Royal Bank of Canada upgraded shares of RTX from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $130.00 to $140.00 in a research report on Thursday, December 19th. Wells Fargo & Company lifted their price objective on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Finally, TD Cowen upgraded RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and an average price target of $158.27.

RTX Stock Performance

Shares of RTX stock opened at $125.23 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The stock has a fifty day moving average of $118.38 and a 200 day moving average of $118.41. The firm has a market capitalization of $166.69 billion, a price-to-earnings ratio of 35.78, a PEG ratio of 1.99 and a beta of 0.81. RTX Co. has a 52 week low of $88.90 and a 52 week high of $128.70.

RTX 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.