SeaBridge Investment Advisors LLC Grows Holdings in RTX Co. (NYSE:RTX)

SeaBridge Investment Advisors LLC raised its position in shares of RTX Co. (NYSE:RTX) by 8.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,641 shares of the company’s stock after purchasing an additional 1,936 shares during the quarter. SeaBridge Investment Advisors LLC’s holdings in RTX were worth $2,736,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RTX. MidAtlantic Capital Management Inc. bought a new position in RTX during the third quarter valued at $29,000. Modus Advisors LLC bought a new stake in RTX in the fourth quarter worth about $39,000. Western Pacific Wealth Management LP purchased a new position in shares of RTX during the third quarter valued at approximately $41,000. ORG Wealth Partners LLC bought a new position in shares of RTX during the third quarter valued at approximately $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its position in shares of RTX by 20.1% during the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after purchasing an additional 86 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

RTX stock opened at $129.08 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.63. RTX Co. has a 12-month low of $88.90 and a 12-month high of $132.43. The stock’s 50 day simple moving average is $119.14 and its 200 day simple moving average is $119.20. The firm has a market cap of $171.81 billion, a P/E ratio of 36.36, a P/E/G ratio of 1.99 and a beta of 0.81.

RTX (NYSE:RTX) last released its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, equities research analysts predict that RTX Co. will post 6.1 EPS for the current year.

Analyst Ratings Changes

RTX has been the subject of several recent analyst reports. Susquehanna raised their target price on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Bank of America lifted their target price on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. raised their target price on RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Citigroup raised RTX from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $132.00 to $153.00 in a research report on Tuesday, January 21st. Six analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $163.07.

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.