FLC Capital Advisors Grows Stock Holdings in RTX Co. (NYSE:RTX)

FLC Capital Advisors boosted its stake in RTX Co. (NYSE:RTX) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,044 shares of the company’s stock after acquiring an additional 216 shares during the period. FLC Capital Advisors’ holdings in RTX were worth $1,278,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. AMI Investment Management Inc. raised its position in RTX by 2.3% during the 4th quarter. AMI Investment Management Inc. now owns 36,857 shares of the company’s stock worth $4,265,000 after buying an additional 828 shares during the last quarter. UMB Bank n.a. increased its stake in shares of RTX by 1.3% during the fourth quarter. UMB Bank n.a. now owns 100,153 shares of the company’s stock worth $11,590,000 after acquiring an additional 1,237 shares during the period. Strong Tower Advisory Services raised its holdings in RTX by 8.5% during the fourth quarter. Strong Tower Advisory Services now owns 21,173 shares of the company’s stock worth $2,450,000 after purchasing an additional 1,654 shares in the last quarter. Wealth Management Partners LLC acquired a new stake in RTX in the fourth quarter valued at about $499,000. Finally, Diversify Wealth Management LLC boosted its holdings in RTX by 9.1% in the 4th quarter. Diversify Wealth Management LLC now owns 37,316 shares of the company’s stock valued at $4,295,000 after purchasing an additional 3,123 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Stock Performance

RTX stock opened at $121.30 on Monday. RTX Co. has a fifty-two week low of $84.43 and a fifty-two week high of $128.70. The company has a market capitalization of $161.45 billion, a price-to-earnings ratio of 34.66, a PEG ratio of 1.84 and a beta of 0.81. The stock has a fifty day moving average of $118.10 and a two-hundred day moving average of $117.69. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The firm had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.25 EPS. On average, analysts anticipate that RTX Co. will post 5.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $130.00 to $140.00 in a research note on Thursday, December 19th. Barclays raised their target price on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. UBS Group upped their price target on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and raised their price objective for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Finally, Citigroup upped their target price on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $156.87.

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.