Northside Capital Management LLC Purchases 200 Shares of RTX Co. (NYSE:RTX)

Northside Capital Management LLC increased its position in shares of RTX Co. (NYSE:RTX) by 3.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,357 shares of the company’s stock after acquiring an additional 200 shares during the period. Northside Capital Management LLC’s holdings in RTX were worth $620,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of RTX. MidAtlantic Capital Management Inc. bought a new stake in shares of RTX during the third quarter worth about $29,000. Modus Advisors LLC bought a new stake in RTX during the 4th quarter worth approximately $39,000. Western Pacific Wealth Management LP acquired a new position in RTX in the 3rd quarter valued at approximately $41,000. Kimelman & Baird LLC bought a new position in shares of RTX during the second quarter valued at $46,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of RTX during the third quarter worth $50,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $119.07 on Thursday. The company has a market cap of $158.48 billion, a PE ratio of 34.02, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81. 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 52 week low of $84.43 and a 52 week high of $128.70. The business has a 50 day moving average price of $118.14 and a 200-day moving average price of $117.28.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating 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 analysts’ expectations of $19.84 billion. During the same period last year, the business earned $1.25 EPS. The business’s revenue was up 6.0% on a year-over-year basis. Equities analysts anticipate that RTX Co. will post 5.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RTX has been the subject of several analyst reports. Morgan Stanley raised their target price on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Barclays boosted their price target on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Susquehanna lowered 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 increased their price target for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Finally, Wells Fargo & Company increased their price target on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, RTX currently has an average rating of “Moderate Buy” and an average 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.