MCF Advisors LLC Purchases 87 Shares of RTX Co. (NYSE:RTX)

MCF Advisors LLC grew its holdings in shares of RTX Co. (NYSE:RTX) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,053 shares of the company’s stock after acquiring an additional 87 shares during the quarter. MCF Advisors LLC’s holdings in RTX were worth $1,163,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its stake in RTX by 23.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 289,915 shares of the company’s stock worth $29,105,000 after buying an additional 55,196 shares during the period. ProShare Advisors LLC grew its position in RTX by 6.8% during the second quarter. ProShare Advisors LLC now owns 183,653 shares of the company’s stock valued at $18,437,000 after buying an additional 11,770 shares during the period. Frank Rimerman Advisors LLC raised its holdings in shares of RTX by 3,170.6% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 8,569 shares of the company’s stock worth $860,000 after purchasing an additional 8,307 shares during the period. Gabelli Funds LLC lifted its stake in RTX by 5.6% in the second quarter. Gabelli Funds LLC now owns 56,640 shares of the company’s stock valued at $5,686,000 after purchasing an additional 3,000 shares during the last quarter. Finally, DRW Securities LLC purchased a new stake in RTX in the second quarter worth $357,000. Institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $125.75 on Wednesday. RTX Co. has a 12 month low of $85.01 and a 12 month high of $128.70. The stock has a market cap of $167.37 billion, a PE ratio of 35.93, a price-to-earnings-growth ratio of 1.93 and a beta of 0.81. The company’s fifty day moving average price is $118.08 and its 200-day moving average price is $118.01. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The firm had revenue of $20.09 billion for 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 business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.25 EPS. On average, equities analysts expect that RTX Co. will post 5.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RTX. Morgan Stanley increased their target price on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $132.00 to $153.00 in a research note on Tuesday. Barclays increased their target price on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Wells Fargo & Company boosted their price objective on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Finally, Susquehanna cut their target price on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $158.27.

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.