Turtle Creek Wealth Advisors LLC Grows Stake in RTX Co. (NYSE:RTX)

Turtle Creek Wealth Advisors LLC grew its holdings in RTX Co. (NYSE:RTX) by 3.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,547 shares of the company’s stock after acquiring an additional 426 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in RTX were worth $1,452,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in RTX. Strategic Investment Solutions Inc. IL purchased a new position in RTX during the 2nd quarter worth approximately $132,000. Newbridge Financial Services Group Inc. grew its stake in RTX by 6.4% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 2,662 shares of the company’s stock worth $267,000 after buying an additional 159 shares during the last quarter. Mattson Financial Services LLC purchased a new position in RTX during the 2nd quarter worth approximately $1,257,000. Abacus Planning Group Inc. grew its stake in RTX by 7.8% during the 3rd quarter. Abacus Planning Group Inc. now owns 2,986 shares of the company’s stock worth $362,000 after buying an additional 215 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its stake in shares of RTX by 2.6% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 240,719 shares of the company’s stock valued at $29,166,000 after purchasing an additional 6,097 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $129.14 on Friday. The stock has a fifty day moving average price of $118.97 and a 200 day moving average price of $119.00. The stock has a market cap of $171.89 billion, a PE ratio of 36.38, a P/E/G ratio of 1.99 and a beta of 0.81. RTX Co. has a 1 year low of $88.90 and a 1 year high of $132.43. 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 (NYSE:RTX) last issued its quarterly earnings data 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 return on equity of 12.45% and a net margin of 5.91%. Sell-side analysts forecast that RTX Co. will post 6.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on RTX. Bank of America lifted their target price on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and lifted their target price for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. StockNews.com downgraded RTX from a “buy” rating to a “hold” rating in a research note on Wednesday. Barclays lifted their target price on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Finally, Citigroup raised RTX from a “neutral” rating to a “buy” rating and raised their price target for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $163.07.

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.