Catalina Capital Group LLC Grows Position in RTX Co. (NYSE:RTX)

Catalina Capital Group LLC raised its holdings in RTX Co. (NYSE:RTX) by 8.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,197 shares of the company’s stock after purchasing an additional 483 shares during the period. Catalina Capital Group LLC’s holdings in RTX were worth $717,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Chicago Capital LLC raised its holdings in RTX by 3.5% during the 4th quarter. Chicago Capital LLC now owns 16,971 shares of the company’s stock valued at $1,964,000 after acquiring an additional 578 shares during the period. Abner Herrman & Brock LLC increased its position in shares of RTX by 7.1% during the fourth quarter. Abner Herrman & Brock LLC now owns 79,106 shares of the company’s stock valued at $9,154,000 after buying an additional 5,251 shares during the period. FSM Wealth Advisors LLC boosted its position in shares of RTX by 3.8% in the fourth quarter. FSM Wealth Advisors LLC now owns 5,855 shares of the company’s stock valued at $705,000 after acquiring an additional 216 shares during the period. KPP Advisory Services LLC lifted its stake in RTX by 6.2% in the 4th quarter. KPP Advisory Services LLC now owns 5,800 shares of the company’s stock worth $671,000 after purchasing an additional 341 shares in the last quarter. Finally, HHM Wealth Advisors LLC grew its position in shares of RTX by 97.1% during the 4th quarter. HHM Wealth Advisors LLC now owns 4,183 shares of the company’s stock valued at $484,000 after purchasing an additional 2,061 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

Shares of RTX stock opened at $129.08 on Monday. The stock has a market capitalization of $171.81 billion, a P/E ratio of 36.36, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82. RTX Co. has a one year low of $88.90 and a one year high of $132.43. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The business’s 50 day simple moving average is $119.14 and its two-hundred day simple moving average is $119.40.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. Analysts forecast that RTX Co. will post 6.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RTX. Vertical Research upgraded RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. StockNews.com lowered shares of RTX from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Barclays raised their price objective on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Royal Bank of Canada upped their target price on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company raised their price target on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and an average target price of $163.07.

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.