RTX Co. (NYSE:RTX) Shares Acquired by Barry Investment Advisors LLC

Barry Investment Advisors LLC boosted its holdings in RTX Co. (NYSE:RTX) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,044 shares of the company’s stock after acquiring an additional 518 shares during the period. RTX accounts for about 2.0% of Barry Investment Advisors LLC’s investment portfolio, making the stock its 16th largest position. Barry Investment Advisors LLC’s holdings in RTX were worth $6,370,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of RTX. Avestar Capital LLC grew its position in shares of RTX by 0.6% during the third quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock worth $1,752,000 after buying an additional 85 shares in the last quarter. Arbor Wealth Advisors LLC raised its stake in shares of RTX by 3.7% during the fourth quarter. Arbor Wealth Advisors LLC now owns 2,382 shares of the company’s stock valued at $276,000 after purchasing an additional 85 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC raised its position in RTX by 20.1% in the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after acquiring an additional 86 shares in the last quarter. Blackston Financial Advisory Group LLC raised its position in RTX by 3.7% in the third quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock worth $291,000 after acquiring an additional 86 shares in the last quarter. Finally, Traveka Wealth LLC lifted its stake in RTX by 3.2% during the fourth quarter. Traveka Wealth LLC now owns 2,789 shares of the company’s stock valued at $323,000 after buying an additional 86 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RTX has been the topic of a number of research reports. Susquehanna dropped their price objective on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Morgan Stanley raised their target price on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. TD Cowen upgraded RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and raised their target price for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft upgraded 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. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $158.27.

RTX Stock Performance

NYSE:RTX opened at $128.21 on Wednesday. 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 fifty-two week low of $88.90 and a fifty-two week high of $132.43. The company has a market cap of $170.65 billion, a price-to-earnings ratio of 36.63, a PEG ratio of 1.99 and a beta of 0.81. The stock has a fifty day moving average price of $118.67 and a 200-day moving average price of $118.89.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 11.96% and a net margin of 5.97%. As a group, equities analysts anticipate that RTX Co. will post 5.56 EPS for the current fiscal 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.