SteelPeak Wealth LLC Acquires 615 Shares of RTX Co. (NYSE:RTX)

SteelPeak Wealth LLC increased its holdings in RTX Co. (NYSE:RTX) by 12.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,476 shares of the company’s stock after buying an additional 615 shares during the period. SteelPeak Wealth LLC’s holdings in RTX were worth $634,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. MidAtlantic Capital Management Inc. bought a new stake in shares of RTX during the 3rd quarter valued at $29,000. Western Pacific Wealth Management LP purchased a new stake in shares of RTX in the third quarter worth about $41,000. Modus Advisors LLC bought a new position in shares of RTX in the fourth quarter valued at approximately $39,000. ORG Wealth Partners LLC purchased a new position in RTX during the third quarter valued at approximately $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC increased 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 worth $62,000 after acquiring an additional 86 shares during the period. Institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Royal Bank of Canada boosted their price target on shares of RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday. StockNews.com lowered RTX from a “buy” rating to a “hold” rating in a research note on Wednesday. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and lifted their price target for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. Bank of America upped their price objective on shares of RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Morgan Stanley lifted their target price on shares of RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.07.

RTX Trading Up 3.2 %

NYSE RTX opened at $129.14 on Friday. The firm has a market cap of $171.89 billion, a PE ratio of 36.90, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. RTX Co. has a 1-year low of $88.90 and a 1-year high of $132.43. The stock has a 50-day moving average of $118.97 and a 200-day moving average of $119.00. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 11.96% and a net margin of 5.97%. As a group, sell-side analysts forecast that RTX Co. will post 5.56 EPS for the current 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.