Godsey & Gibb Inc. Has $23.43 Million Stock Position in RTX Co. (NYSE:RTX)

Godsey & Gibb Inc. boosted its position in RTX Co. (NYSE:RTX) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 202,492 shares of the company’s stock after buying an additional 641 shares during the quarter. RTX makes up about 2.3% of Godsey & Gibb Inc.’s holdings, making the stock its 14th biggest position. Godsey & Gibb Inc.’s holdings in RTX were worth $23,432,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of RTX by 1.9% in the third quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company’s stock worth $3,290,622,000 after purchasing an additional 508,344 shares during the period. Fisher Asset Management LLC increased its position in RTX by 4.8% in the 3rd quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock worth $2,238,004,000 after buying an additional 852,183 shares during the period. Legal & General Group Plc lifted its holdings in shares of RTX by 4.4% during the second quarter. Legal & General Group Plc now owns 8,577,770 shares of the company’s stock worth $861,122,000 after buying an additional 362,340 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of RTX by 5.2% in the second quarter. Ameriprise Financial Inc. now owns 8,284,944 shares of the company’s stock valued at $831,740,000 after acquiring an additional 408,551 shares during the period. Finally, FMR LLC grew its stake in shares of RTX by 8.7% in the third quarter. FMR LLC now owns 6,102,848 shares of the company’s stock worth $739,421,000 after acquiring an additional 490,109 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Trading Down 0.3 %

Shares of RTX stock opened at $119.07 on Thursday. The company has a market capitalization of $158.48 billion, a P/E ratio of 34.02, a P/E/G ratio of 1.84 and a beta of 0.81. RTX Co. has a 12-month low of $84.43 and a 12-month high of $128.70. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $118.19 and a 200 day moving average price of $117.27.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, October 22nd. The company reported $1.45 EPS 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 business had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same period in the previous year, the business earned $1.25 EPS. RTX’s revenue was up 6.0% compared to the same quarter last year. Research analysts forecast that RTX Co. will post 5.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on RTX. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Susquehanna reduced their target price on shares of RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and boosted their price target for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Wells Fargo & Company raised 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, Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. Six equities research 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.