Matthew Goff Investment Advisor LLC Grows Position in RTX Co. (NYSE:RTX)

Matthew Goff Investment Advisor LLC increased its position in shares of RTX Co. (NYSE:RTX) by 6.5% in the second quarter, Holdings Channel.com reports. The firm owned 55,860 shares of the company’s stock after purchasing an additional 3,430 shares during the quarter. RTX comprises approximately 1.3% of Matthew Goff Investment Advisor LLC’s investment portfolio, making the stock its 24th biggest position. Matthew Goff Investment Advisor LLC’s holdings in RTX were worth $5,471,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Jackson Hole Capital Partners LLC grew its holdings in shares of RTX by 0.3% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 39,562 shares of the company’s stock valued at $3,993,000 after purchasing an additional 100 shares in the last quarter. Tyler Stone Wealth Management grew its holdings in RTX by 5.0% during the 4th quarter. Tyler Stone Wealth Management now owns 2,097 shares of the company’s stock worth $212,000 after acquiring an additional 100 shares in the last quarter. Argent Advisors Inc. grew its holdings in RTX by 2.8% during the 1st quarter. Argent Advisors Inc. now owns 3,720 shares of the company’s stock worth $364,000 after acquiring an additional 100 shares in the last quarter. Legal Advantage Investments Inc. grew its holdings in RTX by 0.5% during the 1st quarter. Legal Advantage Investments Inc. now owns 18,734 shares of the company’s stock worth $1,835,000 after acquiring an additional 101 shares in the last quarter. Finally, Element Wealth LLC grew its holdings in RTX by 3.7% during the 1st quarter. Element Wealth LLC now owns 2,893 shares of the company’s stock worth $283,000 after acquiring an additional 103 shares in the last quarter. 79.06% of the stock is owned by hedge funds and other institutional investors.

RTX Stock Performance

Shares of RTX opened at $75.14 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.81 and a current ratio of 1.10. The stock has a market capitalization of $109.37 billion, a P/E ratio of 19.94, a P/E/G ratio of 1.87 and a beta of 0.97. The company’s fifty day moving average is $86.75 and its two-hundred day moving average is $93.86. RTX Co. has a 1 year low of $73.62 and a 1 year high of $108.84.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.11. The company had revenue of $18.32 billion for the quarter, compared to analysts’ expectations of $17.68 billion. RTX had a net margin of 7.88% and a return on equity of 9.98%. RTX’s revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.16 EPS. On average, sell-side analysts predict that RTX Co. will post 4.99 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on RTX. Wells Fargo & Company lowered their price target on shares of RTX from $100.00 to $78.00 and set an “equal weight” rating for the company in a report on Monday. JPMorgan Chase & Co. lowered their price target on shares of RTX from $100.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, September 13th. Robert W. Baird lowered their price target on shares of RTX from $115.00 to $100.00 in a report on Wednesday, July 26th. TD Cowen reduced their price objective on shares of RTX from $109.00 to $99.00 and set an “outperform” rating for the company in a research report on Tuesday, September 12th. Finally, Royal Bank of Canada downgraded shares of RTX from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $105.00 to $82.00 in a research report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $94.06.

RTX Profile

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for aircraft manufacturers and airlines, as well as regional, business, and general aviation; and for defense and commercial space operations.