Legacy Trust Buys 1,442 Shares of RTX Co. (NYSE:RTX)

Legacy Trust boosted its position in shares of RTX Co. (NYSE:RTX) by 2.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 55,310 shares of the company’s stock after acquiring an additional 1,442 shares during the quarter. RTX accounts for 1.5% of Legacy Trust’s investment portfolio, making the stock its 25th largest holding. Legacy Trust’s holdings in RTX were worth $6,400,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. purchased a new position in shares of RTX during the 3rd quarter valued at $29,000. Modus Advisors LLC purchased a new position in shares of RTX in the fourth quarter valued at about $39,000. Western Pacific Wealth Management LP bought a new position in shares of RTX in the third quarter worth about $41,000. ORG Wealth Partners LLC purchased a new stake in shares of RTX during the third quarter worth about $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its holdings in RTX by 20.1% in the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after purchasing an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

RTX has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and lifted their price objective for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and lifted their price target for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. Wells Fargo & Company increased 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. Royal Bank of Canada lifted their target price on RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Barclays increased their price target on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, RTX has an average rating of “Moderate Buy” and an average price target of $161.73.

RTX Stock Performance

NYSE:RTX opened at $125.25 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The stock’s fifty day moving average is $118.79 and its 200 day moving average is $118.93. The firm has a market capitalization of $166.71 billion, a PE ratio of 35.79, a PEG ratio of 1.99 and a beta of 0.81. RTX Co. has a fifty-two week low of $88.90 and a fifty-two week high of $132.43.

RTX (NYSE:RTX) last released its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.97% and a return on equity of 11.96%. On average, sell-side analysts anticipate that RTX Co. will post 5.56 earnings per share for the current year.

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.