Genesis Private Wealth LLC Invests $280,000 in RTX Co. (NYSE:RTX)

Genesis Private Wealth LLC bought a new stake in RTX Co. (NYSE:RTX) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,419 shares of the company’s stock, valued at approximately $280,000.

Several other institutional investors have also recently bought and sold shares of RTX. MidAtlantic Capital Management Inc. bought a new stake in shares of RTX in the third quarter worth $29,000. Western Pacific Wealth Management LP bought a new stake in RTX during the 3rd quarter worth about $41,000. Modus Advisors LLC acquired a new position in shares of RTX during the 4th quarter worth about $39,000. ORG Wealth Partners LLC bought a new position in shares of RTX in the 3rd quarter valued at about $50,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of RTX in the second quarter valued at about $46,000. Institutional investors own 86.50% of the company’s stock.

RTX Stock Up 3.8 %

RTX stock opened at $125.75 on Wednesday. The business’s fifty day moving average price is $118.08 and its two-hundred day moving average price is $118.01. The stock has a market capitalization of $167.37 billion, a price-to-earnings ratio of 35.93, a PEG ratio of 1.93 and a beta of 0.81. RTX Co. has a fifty-two week low of $85.01 and a fifty-two week high of $128.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (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 firm had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter in the previous year, the firm posted $1.25 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities analysts anticipate that RTX Co. will post 5.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

RTX has been the subject of several recent research reports. Barclays increased their price target on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Morgan Stanley increased their price target 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. Royal Bank of Canada upgraded shares of RTX from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $130.00 to $140.00 in a research note on Thursday, December 19th. Finally, Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and raised their target price for the company from $132.00 to $153.00 in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $158.27.

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.