Marietta Wealth Management LLC Buys 435 Shares of RTX Co. (NYSE:RTX)

Marietta Wealth Management LLC lifted its position in RTX Co. (NYSE:RTX) by 0.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 67,674 shares of the company’s stock after purchasing an additional 435 shares during the period. Marietta Wealth Management LLC’s holdings in RTX were worth $7,831,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. purchased a new position in shares of RTX during the third quarter valued at approximately $29,000. Modus Advisors LLC purchased a new position in RTX during the 4th quarter valued at $39,000. Western Pacific Wealth Management LP bought a new position in RTX in the 3rd quarter worth $41,000. ORG Wealth Partners LLC purchased a new stake in shares of RTX in the 3rd quarter worth about $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC boosted its stake in shares of RTX by 20.1% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock valued at $62,000 after purchasing an additional 86 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Stock Up 0.1 %

RTX stock opened at $129.08 on Friday. The stock has a market capitalization of $171.81 billion, a P/E ratio of 36.36, a P/E/G ratio of 1.99 and a beta of 0.81. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.73. RTX Co. has a 1-year low of $88.90 and a 1-year high of $132.43. The business has a fifty day moving average price of $119.14 and a 200-day moving average price of $119.20.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Equities analysts forecast that RTX Co. will post 6.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Royal Bank of Canada raised their price objective on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday. StockNews.com cut RTX from a “buy” rating to a “hold” rating in a research note on Wednesday. Bank of America upped their price target on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday. Barclays raised their price objective on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Finally, Susquehanna upped their target price on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $163.07.

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.