RTX Co. (NYSE:RTX) Shares Acquired by Bouvel Investment Partners LLC

Bouvel Investment Partners LLC increased its stake in shares of RTX Co. (NYSE:RTX) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,788 shares of the company’s stock after buying an additional 216 shares during the quarter. Bouvel Investment Partners LLC’s holdings in RTX were worth $3,331,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MidAtlantic Capital Management Inc. purchased a new position in RTX in the third quarter worth approximately $29,000. Western Pacific Wealth Management LP purchased a new position in shares of RTX during the 3rd quarter worth $41,000. Modus Advisors LLC acquired a new position in RTX in the fourth quarter valued at about $39,000. ORG Wealth Partners LLC acquired a new stake in shares of RTX in the third quarter valued at $50,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of RTX in the second quarter valued at $46,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on RTX shares. Susquehanna decreased their price target on shares of RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company lifted their price objective on shares of RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. TD Cowen raised shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and boosted their price objective for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Finally, Morgan Stanley lifted their price objective on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $156.87.

RTX Stock Performance

NYSE:RTX opened at $120.38 on Friday. The firm’s fifty day simple moving average is $118.14 and its 200 day simple moving average is $117.30. 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 Co. has a twelve month low of $84.43 and a twelve month high of $128.70. The firm has a market capitalization of $160.22 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 1.84 and a beta of 0.81.

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, topping the consensus estimate of $1.34 by $0.11. The firm 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%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.25 EPS. As a group, equities research analysts expect that RTX Co. will post 5.55 earnings per share for the current fiscal year.

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.