Moss Adams Wealth Advisors LLC Has $483,000 Position in RTX Co. (NYSE:RTX)

Moss Adams Wealth Advisors LLC increased its holdings in shares of RTX Co. (NYSE:RTX) by 5.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,177 shares of the company’s stock after buying an additional 229 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in RTX were worth $483,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its position in RTX by 26.4% during the 2nd quarter. Acadian Asset Management LLC now owns 1,700 shares of the company’s stock worth $170,000 after purchasing an additional 355 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of RTX by 36.1% in the second quarter. Federated Hermes Inc. now owns 9,613 shares of the company’s stock valued at $965,000 after buying an additional 2,552 shares during the period. Edgestream Partners L.P. raised its position in shares of RTX by 140.5% during the second quarter. Edgestream Partners L.P. now owns 8,022 shares of the company’s stock worth $805,000 after acquiring an additional 4,686 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of RTX by 49.4% in the second quarter. Intech Investment Management LLC now owns 38,052 shares of the company’s stock worth $3,820,000 after acquiring an additional 12,583 shares during the period. Finally, Brighton Jones LLC boosted its holdings in RTX by 5.1% in the second quarter. Brighton Jones LLC now owns 14,841 shares of the company’s stock valued at $1,490,000 after acquiring an additional 718 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

RTX Price Performance

Shares of RTX opened at $121.30 on Friday. The business’s fifty day moving average is $118.10 and its 200 day moving average is $117.57. RTX Co. has a 12-month low of $84.43 and a 12-month high of $128.70. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The stock has a market cap of $161.45 billion, a P/E ratio of 34.66, a P/E/G ratio of 1.84 and a beta of 0.81.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. The firm had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $1.25 earnings per share. Sell-side analysts anticipate that RTX Co. will post 5.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RTX. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and boosted their price target for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Wells Fargo & Company boosted their target price on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $130.00 to $140.00 in a report on Thursday, December 19th. Morgan Stanley lifted their price objective on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Finally, UBS Group upped their target price on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $156.87.

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.