Thurston Springer Miller Herd & Titak Inc. Has $837,000 Holdings in RTX Co. (NYSE:RTX)

Thurston Springer Miller Herd & Titak Inc. boosted its holdings in RTX Co. (NYSE:RTX) by 27.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,230 shares of the company’s stock after purchasing an additional 1,565 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in RTX were worth $837,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX in the third quarter valued at approximately $29,000. Modus Advisors LLC acquired a new stake in RTX during the fourth quarter worth approximately $39,000. Western Pacific Wealth Management LP bought a new position in RTX during the 3rd quarter worth $41,000. Kimelman & Baird LLC acquired a new position in RTX in the 2nd quarter valued at $46,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of RTX during the 3rd quarter valued at $50,000. Institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

RTX has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Morgan Stanley boosted their target price 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. TD Cowen raised shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. Finally, Barclays upped their target price on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Six 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $156.87.

RTX Trading Down 0.3 %

Shares of RTX stock opened at $119.07 on Thursday. 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 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 twelve month low of $84.43 and a twelve month high of $128.70. The stock’s fifty day simple moving average is $118.19 and its 200 day simple moving average is $117.27.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) 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 company had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter in the prior year, the firm posted $1.25 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts predict that RTX Co. will post 5.55 EPS for the current fiscal year.

RTX 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.