Nisa Investment Advisors LLC Increases Stock Holdings in RTX Co. (NYSE:RTX)

Nisa Investment Advisors LLC increased its stake in RTX Co. (NYSE:RTX) by 57.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 619,174 shares of the company’s stock after acquiring an additional 226,843 shares during the quarter. Nisa Investment Advisors LLC’s holdings in RTX were worth $71,651,000 at the end of the most recent reporting period.

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

RTX Trading Up 3.8 %

NYSE RTX opened at $125.75 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The stock has a market capitalization of $167.37 billion, a P/E ratio of 35.93, a PEG ratio of 1.93 and a beta of 0.81. The firm’s 50-day moving average is $118.08 and its two-hundred day moving average is $118.01. RTX Co. has a 12 month low of $85.01 and a 12 month high of $128.70.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $19.84 billion. During the same period in the prior year, the business posted $1.25 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, sell-side analysts anticipate that RTX Co. will post 5.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RTX. Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $130.00 to $140.00 in a report on Thursday, December 19th. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and raised their price target for the stock from $132.00 to $153.00 in a research note on Tuesday. Barclays upped their price objective on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. TD Cowen raised shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Finally, Susquehanna dropped their price target on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $158.27.

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.