New Century Financial Group LLC Acquires 8,750 Shares of RTX Co. (NYSE:RTX)

New Century Financial Group LLC grew its holdings in RTX Co. (NYSE:RTX) by 502.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 10,492 shares of the company’s stock after buying an additional 8,750 shares during the quarter. New Century Financial Group LLC’s holdings in RTX were worth $1,216,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Elgethun Capital Management lifted its position in shares of RTX by 3.8% during the second quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock worth $233,000 after acquiring an additional 85 shares in the last quarter. Avestar Capital LLC lifted its holdings in RTX by 0.6% during the 3rd quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock worth $1,752,000 after purchasing an additional 85 shares in the last quarter. Arbor Wealth Advisors LLC boosted its stake in RTX by 3.7% in the 4th quarter. Arbor Wealth Advisors LLC now owns 2,382 shares of the company’s stock worth $276,000 after purchasing an additional 85 shares during the period. Mowery & Schoenfeld Wealth Management LLC grew its holdings in RTX by 20.1% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock valued at $62,000 after buying an additional 86 shares in the last quarter. Finally, Blackston Financial Advisory Group LLC increased its position in shares of RTX by 3.7% during the third quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock valued at $291,000 after buying an additional 86 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Price Performance

RTX stock opened at $126.34 on Friday. The firm has a market cap of $168.17 billion, a P/E ratio of 36.10, a P/E/G ratio of 1.99 and a beta of 0.81. The firm’s fifty day moving average is $118.25 and its 200 day moving average is $118.12. RTX Co. has a 52 week low of $88.70 and a 52 week high of $128.70. 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 announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) 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 analysts’ expectations of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company’s revenue for the quarter 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. Research analysts predict that RTX Co. will post 5.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on RTX. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. Wells Fargo & Company boosted their price target on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Barclays increased their price objective on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Morgan Stanley raised their price target on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Finally, TD Cowen raised RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.27.

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.