RTX Co. (NYSE:RTX) Shares Purchased by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC raised its holdings in RTX Co. (NYSE:RTX) by 16.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,693 shares of the company’s stock after buying an additional 2,097 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in RTX were worth $1,700,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Accurate Wealth Management LLC increased its position in RTX by 9.0% during the fourth quarter. Accurate Wealth Management LLC now owns 6,774 shares of the company’s stock worth $780,000 after purchasing an additional 559 shares during the last quarter. Wynn Capital LLC grew its stake in shares of RTX by 1.2% during the 4th quarter. Wynn Capital LLC now owns 13,602 shares of the company’s stock valued at $1,574,000 after buying an additional 155 shares during the period. Quad Cities Investment Group LLC acquired a new stake in shares of RTX during the 4th quarter worth $253,000. Ignite Planners LLC raised its position in shares of RTX by 26.5% in the 4th quarter. Ignite Planners LLC now owns 2,222 shares of the company’s stock worth $257,000 after buying an additional 466 shares during the period. Finally, Rosenberg Matthew Hamilton boosted its holdings in RTX by 24.9% in the fourth quarter. Rosenberg Matthew Hamilton now owns 2,809 shares of the company’s stock valued at $325,000 after acquiring an additional 560 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on RTX shares. UBS Group raised their price objective on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Wells Fargo & Company raised their target price on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Finally, Susquehanna decreased their price target on shares of RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $156.87.

RTX Stock Up 1.4 %

Shares of RTX stock opened at $119.36 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. RTX Co. has a 1-year low of $84.43 and a 1-year high of $128.70. The business has a 50-day moving average of $118.18 and a 200-day moving average of $117.14. The company has a market capitalization of $158.87 billion, a PE ratio of 34.10, a P/E/G ratio of 2.08 and a beta of 0.81.

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

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.