Pure Financial Advisors LLC Acquires 114 Shares of RTX Co. (NYSE:RTX)

Pure Financial Advisors LLC grew its stake in shares of RTX Co. (NYSE:RTX) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,852 shares of the company’s stock after buying an additional 114 shares during the quarter. Pure Financial Advisors LLC’s holdings in RTX were worth $1,950,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of RTX. MidAtlantic Capital Management Inc. purchased a new position in RTX in the 3rd quarter worth approximately $29,000. Modus Advisors LLC bought a new stake in shares of RTX in the 4th quarter worth approximately $39,000. Western Pacific Wealth Management LP purchased a new position in shares of RTX during the third quarter valued at approximately $41,000. Kimelman & Baird LLC bought a new position in shares of RTX during the second quarter valued at approximately $46,000. Finally, ORG Wealth Partners LLC purchased a new stake in RTX in the third quarter worth $50,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Price Performance

Shares of RTX opened at $121.30 on Tuesday. RTX Co. has a twelve month low of $84.43 and a twelve month high of $128.70. The company has a market capitalization of $161.45 billion, a P/E ratio of 34.66, a price-to-earnings-growth ratio of 1.93 and a beta of 0.81. The firm has a 50 day moving average of $118.03 and a 200 day moving average of $117.84. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The firm had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. During the same quarter in the previous year, the business earned $1.25 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. As a group, equities research analysts anticipate that RTX Co. will post 5.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on RTX shares. Citigroup upped their price objective on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Barclays increased their price target on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Susquehanna cut their price objective on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. TD Cowen raised RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Finally, Wells Fargo & Company lifted their price target on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.87.

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.