Steigerwald Gordon & Koch Inc. Raises Stock Holdings in RTX Co. (NYSE:RTX)

Steigerwald Gordon & Koch Inc. boosted its holdings in shares of RTX Co. (NYSE:RTX) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 193,394 shares of the company’s stock after purchasing an additional 1,947 shares during the quarter. RTX makes up approximately 2.5% of Steigerwald Gordon & Koch Inc.’s holdings, making the stock its 15th largest holding. Steigerwald Gordon & Koch Inc.’s holdings in RTX were worth $22,380,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Assenagon Asset Management S.A. boosted its stake in RTX by 545.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,478,784 shares of the company’s stock valued at $286,845,000 after acquiring an additional 2,094,834 shares during the last quarter. Marshall Wace LLP raised its stake in shares of RTX by 1,247.1% in the 2nd quarter. Marshall Wace LLP now owns 2,053,706 shares of the company’s stock valued at $206,172,000 after purchasing an additional 1,901,256 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of RTX by 11,235.6% during the third quarter. International Assets Investment Management LLC now owns 1,701,013 shares of the company’s stock worth $206,095,000 after purchasing an additional 1,686,007 shares during the last quarter. Fisher Asset Management LLC grew its stake in RTX by 4.8% in the third quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock worth $2,238,004,000 after purchasing an additional 852,183 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in RTX by 256.6% in the third quarter. Janus Henderson Group PLC now owns 976,527 shares of the company’s stock valued at $118,309,000 after buying an additional 702,699 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Performance

RTX stock opened at $121.30 on Friday. The company has a market capitalization of $161.45 billion, a P/E ratio of 34.66, a PEG ratio of 1.84 and a beta of 0.81. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The company has a 50-day simple moving average of $118.10 and a 200 day simple moving average of $117.57. RTX Co. has a fifty-two week low of $84.43 and a fifty-two week high of $128.70.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping 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 company had revenue of $20.09 billion during 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. Sell-side analysts predict that RTX Co. will post 5.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

RTX has been the topic of a number of research analyst reports. UBS Group increased their target price on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Citigroup lifted their price objective on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $130.00 to $140.00 in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and lifted their price target for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Finally, Wells Fargo & Company raised their price target on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.87.

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.