Piscataqua Savings Bank lifted its position in shares of RTX Co. (NYSE:RTX – Free Report) by 15.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 16,654 shares of the company’s stock after purchasing an additional 2,199 shares during the period. RTX accounts for 1.3% of Piscataqua Savings Bank’s portfolio, making the stock its 21st biggest position. Piscataqua Savings Bank’s holdings in RTX were worth $1,631,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Jackson Hole Capital Partners LLC boosted its holdings in 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 during the period. Tyler Stone Wealth Management boosted its position in shares of 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. raised its position in shares of 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. lifted its stake in RTX by 0.5% during the first quarter. Legal Advantage Investments Inc. now owns 18,734 shares of the company’s stock worth $1,835,000 after purchasing an additional 101 shares during the last quarter. Finally, Element Wealth LLC boosted its holdings in RTX by 3.7% in the first quarter. Element Wealth LLC now owns 2,893 shares of the company’s stock valued at $283,000 after purchasing an additional 103 shares in the last quarter. 79.06% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on RTX. Royal Bank of Canada cut shares of RTX from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $105.00 to $82.00 in a research report on Tuesday, September 12th. DZ Bank cut RTX from a “buy” rating to a “hold” rating and set a $79.00 price objective for the company. in a research note on Thursday, September 14th. Melius cut shares of RTX from an “overweight” rating to a “neutral” rating and set a $92.00 price target for the company. in a research note on Monday, September 11th. Wells Fargo & Company decreased their price objective on RTX from $100.00 to $78.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, JPMorgan Chase & Co. cut their price target on RTX from $100.00 to $87.00 and set an “overweight” rating for the company in a research note on Wednesday, September 13th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, RTX currently has a consensus rating of “Hold” and an average target price of $94.06.
RTX Price Performance
NYSE:RTX opened at $75.17 on Tuesday. The firm has a market cap of $109.41 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 1.87 and a beta of 0.97. RTX Co. has a 12-month low of $73.62 and a 12-month high of $108.84. The company has a current ratio of 1.10, a quick ratio of 0.81 and a debt-to-equity ratio of 0.44. The company’s 50-day moving average is $86.75 and its two-hundred day moving average is $93.86.
RTX (NYSE:RTX – Get Free Report) last announced its earnings results on Tuesday, July 25th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.11. The firm had revenue of $18.32 billion for the quarter, compared to analyst estimates 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 quarter last year, the business earned $1.16 earnings per share. Research analysts expect that RTX Co. will post 4.99 EPS for the current year.
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.
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