Crews Bank & Trust Acquires New Stake in RTX Co. (NYSE:RTX)

Crews Bank & Trust acquired a new stake in RTX Co. (NYSE:RTX) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,944 shares of the company’s stock, valued at approximately $341,000.

Other hedge funds have also recently added to or reduced their stakes in the company. CX Institutional increased its stake in shares of RTX by 21.9% in the 4th quarter. CX Institutional now owns 65,150 shares of the company’s stock worth $7,539,000 after acquiring an additional 11,706 shares during the last quarter. LRI Investments LLC grew its holdings in shares of RTX by 6.5% during the 3rd quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock worth $9,221,000 after purchasing an additional 4,732 shares during the period. Napa Wealth Management purchased a new position in shares of RTX during the 3rd quarter worth $1,307,000. Czech National Bank grew its holdings in shares of RTX by 6.5% during the 4th quarter. Czech National Bank now owns 288,591 shares of the company’s stock worth $33,396,000 after purchasing an additional 17,608 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of RTX by 16.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock worth $9,510,000 after purchasing an additional 11,354 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Performance

Shares of RTX opened at $129.14 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.73 and a current ratio of 0.99. RTX Co. has a 1 year low of $88.90 and a 1 year high of $132.43. The stock has a market capitalization of $171.89 billion, a PE ratio of 36.38, a PEG ratio of 1.99 and a beta of 0.81. The stock has a 50-day simple moving average of $118.97 and a 200-day simple moving average of $119.00.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, analysts predict that RTX Co. will post 6.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

RTX has been the subject of a number of research analyst reports. Barclays increased their price target on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Morgan Stanley raised their target price on RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday. Wells Fargo & Company raised their target price on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and raised their target price for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. Finally, Bank of America raised their target price on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a report on Thursday. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $163.07.

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.