AMI Investment Management Inc. Boosts Holdings in RTX Co. (NYSE:RTX)

AMI Investment Management Inc. boosted its stake in RTX Co. (NYSE:RTX) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,857 shares of the company’s stock after acquiring an additional 828 shares during the period. RTX accounts for about 1.4% of AMI Investment Management Inc.’s holdings, making the stock its 21st biggest position. AMI Investment Management Inc.’s holdings in RTX were worth $4,265,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of RTX. Federated Hermes Inc. increased its holdings in RTX by 36.1% in the 2nd quarter. Federated Hermes Inc. now owns 9,613 shares of the company’s stock worth $965,000 after acquiring an additional 2,552 shares during the last quarter. Edgestream Partners L.P. boosted its position in RTX by 140.5% during the second quarter. Edgestream Partners L.P. now owns 8,022 shares of the company’s stock worth $805,000 after purchasing an additional 4,686 shares during the period. Intech Investment Management LLC increased its stake in shares of RTX by 49.4% in the second quarter. Intech Investment Management LLC now owns 38,052 shares of the company’s stock worth $3,820,000 after purchasing an additional 12,583 shares in the last quarter. AE Wealth Management LLC raised its position in shares of RTX by 31.4% in the second quarter. AE Wealth Management LLC now owns 79,272 shares of the company’s stock valued at $7,958,000 after purchasing an additional 18,938 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in shares of RTX by 4.6% during the 2nd quarter. Pacer Advisors Inc. now owns 95,289 shares of the company’s stock valued at $9,566,000 after buying an additional 4,148 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on RTX shares. Morgan Stanley lifted their price objective 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 RTX from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $130.00 to $140.00 in a research report on Thursday, December 19th. TD Cowen raised RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Susquehanna reduced their target price on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Finally, UBS Group upped their price target on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $156.87.

RTX Stock Up 0.7 %

Shares of NYSE:RTX opened at $121.30 on Monday. The firm has a market capitalization of $161.45 billion, a PE ratio of 34.66, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. RTX Co. has a 52-week low of $84.43 and a 52-week high of $128.70. The firm has a fifty day moving average of $118.10 and a 200 day moving average of $117.69.

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, topping analysts’ consensus estimates of $1.34 by $0.11. The firm had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.25 EPS. As a group, research analysts anticipate that RTX Co. will post 5.55 EPS for the current fiscal year.

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.