First Community Trust NA Buys 488 Shares of RTX Co. (NYSE:RTX)

First Community Trust NA raised its position in shares of RTX Co. (NYSE:RTX) by 11.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,880 shares of the company’s stock after acquiring an additional 488 shares during the period. First Community Trust NA’s holdings in RTX were worth $565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of RTX. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of RTX by 27.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 7,230 shares of the company’s stock worth $837,000 after buying an additional 1,565 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of RTX by 62.3% in the 4th quarter. Park Avenue Securities LLC now owns 62,913 shares of the company’s stock valued at $7,280,000 after acquiring an additional 24,138 shares during the last quarter. Kathmere Capital Management LLC grew its position in RTX by 24.3% in the fourth quarter. Kathmere Capital Management LLC now owns 6,761 shares of the company’s stock worth $782,000 after acquiring an additional 1,322 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in RTX by 545.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,478,784 shares of the company’s stock worth $286,845,000 after acquiring an additional 2,094,834 shares during the last quarter. Finally, Board of the Pension Protection Fund purchased a new stake in RTX during the fourth quarter valued at approximately $440,000. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Performance

Shares of RTX stock opened at $119.36 on Wednesday. RTX Co. has a 12 month low of $84.43 and a 12 month high of $128.70. The stock’s fifty day moving average price is $118.18 and its 200-day moving average price is $117.14. The firm has a market cap of $158.87 billion, a P/E ratio of 34.10, a P/E/G ratio of 2.08 and a beta of 0.81. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last posted its 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. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter last year, the firm posted $1.25 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities research analysts expect that RTX Co. will post 5.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Wells Fargo & Company boosted their target price on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and raised their target price for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. UBS Group increased their price objective on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Barclays boosted their target price on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus 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.