Heck Capital Advisors LLC Invests $2.26 Million in RTX Co. (NYSE:RTX)

Heck Capital Advisors LLC bought a new stake in shares of RTX Co. (NYSE:RTX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,511 shares of the company’s stock, valued at approximately $2,258,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. CX Institutional grew its stake in shares of RTX by 21.9% in the fourth quarter. CX Institutional now owns 65,150 shares of the company’s stock worth $7,539,000 after purchasing an additional 11,706 shares during the last quarter. LRI Investments LLC grew its position in shares of RTX by 6.5% in the 3rd quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock worth $9,221,000 after buying an additional 4,732 shares during the last quarter. Napa Wealth Management purchased a new position in shares of RTX during the third quarter valued at approximately $1,307,000. Czech National Bank raised its holdings in shares of RTX by 6.5% during the fourth quarter. Czech National Bank now owns 288,591 shares of the company’s stock valued at $33,396,000 after acquiring an additional 17,608 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in RTX by 16.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock worth $9,510,000 after acquiring an additional 11,354 shares during the period. 86.50% of the stock is currently owned by institutional investors.

RTX Trading Up 0.1 %

Shares of NYSE RTX opened at $129.08 on Friday. The company has a market cap of $171.81 billion, a PE ratio of 36.36, a P/E/G ratio of 1.99 and a beta of 0.81. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.73 and a current ratio of 0.99. The firm’s 50 day moving average price is $119.14 and its 200-day moving average price is $119.20. RTX Co. has a 52-week low of $88.90 and a 52-week high of $132.43.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, equities research analysts expect that RTX Co. will post 6.1 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on RTX shares. Morgan Stanley upped their price objective on shares of RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday. Wells Fargo & Company increased their price target on shares of RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday. Royal Bank of Canada upped their target price on RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday. TD Cowen upgraded RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and upped their price target for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $163.07.

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.