Trace Wealth Advisors LLC Buys Shares of 3,289 RTX Corporation $RTX

Trace Wealth Advisors LLC purchased a new position in shares of RTX Corporation (NYSE:RTXFree Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,289 shares of the company’s stock, valued at approximately $550,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LFA Lugano Financial Advisors SA purchased a new stake in shares of RTX in the 2nd quarter valued at approximately $29,000. Valley Wealth Managers Inc. acquired a new stake in RTX during the third quarter worth $30,000. Access Investment Management LLC purchased a new stake in RTX in the second quarter valued at $31,000. SOA Wealth Advisors LLC. lifted its stake in shares of RTX by 57.4% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 192 shares of the company’s stock valued at $32,000 after purchasing an additional 70 shares during the last quarter. Finally, Clayton Financial Group LLC purchased a new position in shares of RTX during the 3rd quarter worth $36,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Performance

NYSE:RTX opened at $198.78 on Friday. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $206.48. The company has a fifty day simple moving average of $187.63 and a two-hundred day simple moving average of $172.10. The company has a quick ratio of 0.80, a current ratio of 1.03 and a debt-to-equity ratio of 0.51. The company has a market cap of $266.52 billion, a price-to-earnings ratio of 40.08, a price-to-earnings-growth ratio of 2.83 and a beta of 0.43.

RTX (NYSE:RTXGet Free Report) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.08. RTX had a return on equity of 13.08% and a net margin of 7.60%.The business had revenue of $24.24 billion for the quarter, compared to analysts’ expectations of $22.65 billion. During the same period last year, the firm earned $1.54 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, equities analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RTX. Bank of America boosted their price objective on shares of RTX from $175.00 to $215.00 and gave the company a “buy” rating in a report on Monday, October 27th. Morgan Stanley reiterated an “overweight” rating and set a $235.00 price target on shares of RTX in a research report on Wednesday, January 28th. Vertical Research restated a “buy” rating and issued a $227.00 price objective on shares of RTX in a report on Tuesday, January 27th. Jefferies Financial Group reaffirmed a “hold” rating and set a $225.00 price objective on shares of RTX in a research report on Wednesday, January 28th. Finally, BNP Paribas Exane assumed coverage on RTX in a research report on Tuesday, November 18th. They issued an “outperform” rating and a $210.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $199.50.

Check Out Our Latest Stock Report on RTX

Key RTX News

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RTX Profile

(Free Report)

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.

See Also

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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