Goldstone Financial Group LLC Purchases 329 Shares of RTX Co. (NYSE:RTX)

Goldstone Financial Group LLC increased its position in shares of RTX Co. (NYSE:RTX) by 14.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,600 shares of the company’s stock after purchasing an additional 329 shares during the period. Goldstone Financial Group LLC’s holdings in RTX were worth $301,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Elgethun Capital Management lifted its stake in shares of RTX by 3.8% in the 2nd quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock valued at $233,000 after purchasing an additional 85 shares during the last quarter. Avestar Capital LLC increased its stake in RTX by 0.6% in the 3rd quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock worth $1,752,000 after buying an additional 85 shares during the period. Arbor Wealth Advisors LLC grew its stake in RTX by 3.7% in the fourth quarter. Arbor Wealth Advisors LLC now owns 2,382 shares of the company’s stock worth $276,000 after purchasing an additional 85 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC raised its holdings in shares of RTX by 20.1% in the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock valued at $62,000 after acquiring an additional 86 shares in the last quarter. Finally, Blackston Financial Advisory Group LLC boosted its stake in shares of RTX by 3.7% during the third quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock valued at $291,000 after purchasing an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

RTX has been the topic of a number of analyst reports. Barclays lifted their price objective on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $130.00 to $140.00 in a report on Thursday, December 19th. UBS Group raised 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. Deutsche Bank Aktiengesellschaft raised 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 report on Thursday, January 2nd. Finally, Morgan Stanley raised their price objective on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $156.87.

RTX Price Performance

Shares of RTX opened at $121.30 on Friday. The firm has a 50-day simple moving average of $118.10 and a 200-day simple moving average of $117.45. 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 company has a market capitalization of $161.45 billion, a price-to-earnings ratio of 34.66, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81. 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The business had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.25 earnings per share. On average, equities research analysts anticipate that RTX Co. will post 5.55 earnings per share for the current 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.