Foster Group Inc. bought a new position in RTX Co. (NYSE:RTX – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 1,837 shares of the company’s stock, valued at approximately $213,000.
Several other large investors have also recently modified their holdings of the stock. Avestar Capital LLC boosted 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 valued at $1,752,000 after buying an additional 85 shares during the period. Arbor Wealth Advisors LLC lifted its stake in shares of RTX by 3.7% during the 4th quarter. Arbor Wealth Advisors LLC now owns 2,382 shares of the company’s stock worth $276,000 after acquiring an additional 85 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC boosted its holdings in RTX by 20.1% during the 3rd 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 during the period. Blackston Financial Advisory Group LLC grew its position in RTX by 3.7% in the 3rd quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock valued at $291,000 after acquiring an additional 86 shares during the last quarter. Finally, Traveka Wealth LLC increased its stake in RTX by 3.2% in the fourth quarter. Traveka Wealth LLC now owns 2,789 shares of the company’s stock worth $323,000 after purchasing an additional 86 shares during the period. Institutional investors own 86.50% of the company’s stock.
RTX Stock Performance
Shares of RTX stock opened at $125.25 on Thursday. The company has a market capitalization of $166.71 billion, a PE ratio of 35.79, a P/E/G ratio of 1.99 and a beta of 0.81. The company has a 50-day simple moving average of $118.79 and a two-hundred day simple moving average of $118.93. RTX Co. has a one year low of $88.90 and a one year high of $132.43. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99.
Analysts Set New Price Targets
A number of research firms have recently commented on RTX. Barclays upped their price target on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and raised their target price for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Susquehanna increased their price objective on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their price objective on RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Morgan Stanley upped their target price on RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday. Six 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. According to data from MarketBeat, RTX currently has an average rating of “Moderate Buy” and a consensus price target of $161.73.
Check Out Our Latest Analysis on RTX
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.
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