RTX Co. (NYSE:RTX) Shares Bought by Saxon Interests Inc.

Saxon Interests Inc. grew its stake in RTX Co. (NYSE:RTX) by 25.7% during the fourth quarter, HoldingsChannel reports. The firm owned 3,248 shares of the company’s stock after purchasing an additional 665 shares during the quarter. Saxon Interests Inc.’s holdings in RTX were worth $376,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of RTX. MidAtlantic Capital Management Inc. purchased a new position in RTX in the 3rd quarter valued at $29,000. Modus Advisors LLC acquired a new stake in RTX in the fourth quarter valued at about $39,000. Western Pacific Wealth Management LP acquired a new position in shares of RTX during the 3rd quarter worth $41,000. Kimelman & Baird LLC purchased a new position in RTX in the second quarter valued at about $46,000. Finally, ORG Wealth Partners LLC purchased a new position in RTX in the 3rd quarter valued at approximately $50,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Up 0.1 %

Shares of RTX stock opened at $120.63 on Friday. The firm has a market cap of $160.55 billion, a P/E ratio of 34.48, a P/E/G ratio of 1.84 and a beta of 0.81. The business has a 50-day moving average price of $118.14 and a 200 day moving average price of $117.30. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. RTX Co. has a fifty-two week low of $84.43 and a fifty-two week high of $128.70.

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

Analysts Set New Price Targets

Several research firms have weighed in on RTX. TD Cowen raised RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Barclays raised their target price on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Morgan Stanley increased their price target on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company lifted their price objective on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and increased their target price for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Six investment 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.