RTX Co. (NYSE:RTX) Shares Acquired by Smith Salley Wealth Management

Smith Salley Wealth Management boosted its position in RTX Co. (NYSE:RTX) by 1.9% in the 4th quarter, Holdings Channel reports. The fund owned 195,885 shares of the company’s stock after purchasing an additional 3,675 shares during the period. RTX makes up about 1.5% of Smith Salley Wealth Management’s investment portfolio, making the stock its 18th biggest position. Smith Salley Wealth Management’s holdings in RTX were worth $22,668,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in RTX. MidAtlantic Capital Management Inc. purchased a new position in RTX during the third quarter worth approximately $29,000. Modus Advisors LLC acquired a new position in RTX in the fourth quarter valued at $39,000. Western Pacific Wealth Management LP purchased a new stake in RTX during the third quarter valued at about $41,000. Kimelman & Baird LLC purchased a new position in shares of RTX in the 2nd quarter worth about $46,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of RTX in the 3rd quarter valued at about $50,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Performance

RTX stock opened at $121.30 on Friday. RTX Co. has a 52 week low of $84.43 and a 52 week high of $128.70. The company has a current ratio of 0.99, a quick ratio of 0.73 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 price-to-earnings-growth ratio of 1.84 and a beta of 0.81. The stock has a 50 day moving average of $118.10 and a 200-day moving average of $117.57.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 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 the consensus estimate of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.25 EPS. On average, analysts expect that RTX Co. will post 5.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on RTX shares. Citigroup increased their target price on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. 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 research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and upped their price target for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Morgan Stanley boosted their price objective on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Finally, Susquehanna lowered their target price on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.