LaFleur & Godfrey LLC Boosts Stock Holdings in RTX Co. (NYSE:RTX)

LaFleur & Godfrey LLC increased its position in shares of RTX Co. (NYSE:RTX) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 178,191 shares of the company’s stock after buying an additional 900 shares during the period. RTX accounts for 2.8% of LaFleur & Godfrey LLC’s holdings, making the stock its 6th biggest holding. LaFleur & Godfrey LLC’s holdings in RTX were worth $20,620,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of RTX. LRI Investments LLC boosted its holdings in shares of RTX by 6.5% during the 3rd quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock worth $9,221,000 after buying an additional 4,732 shares in the last quarter. Napa Wealth Management bought a new position in RTX during the third quarter worth $1,307,000. Czech National Bank grew its holdings in RTX by 6.5% in the fourth quarter. Czech National Bank now owns 288,591 shares of the company’s stock worth $33,396,000 after purchasing an additional 17,608 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in RTX by 16.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock valued at $9,510,000 after purchasing an additional 11,354 shares in the last quarter. Finally, Empirical Asset Management LLC acquired a new position in shares of RTX during the fourth quarter valued at about $8,387,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Price Performance

Shares of NYSE RTX opened at $121.30 on Monday. The company has a market capitalization of $161.45 billion, a PE 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 stock’s 50 day moving average price is $118.10 and its 200-day moving average price is $117.69. RTX Co. has a twelve month low of $84.43 and a twelve month high of $128.70.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business had revenue of $20.09 billion for the quarter, compared to analysts’ expectations of $19.84 billion. During the same quarter in the previous year, the firm earned $1.25 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. On average, equities analysts anticipate that RTX Co. will post 5.55 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $130.00 to $140.00 in a research report on Thursday, December 19th. Susquehanna lowered their target price on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. 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 upped 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. Finally, Wells Fargo & Company lifted their price objective on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $156.87.

RTX Company 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.