Orca Wealth Management LLC Makes New Investment in RTX Co. (NYSE:RTX)

Orca Wealth Management LLC bought a new stake in RTX Co. (NYSE:RTX) during the fourth quarter, Holdings Channel reports. The institutional investor bought 33,009 shares of the company’s stock, valued at approximately $3,820,000. RTX accounts for approximately 3.4% of Orca Wealth Management LLC’s investment portfolio, making the stock its 7th largest holding.

A number of other large investors also recently modified their holdings of the stock. Avestar Capital LLC increased its position in shares of RTX by 0.6% during the third quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock valued at $1,752,000 after acquiring an additional 85 shares during the last quarter. Arbor Wealth Advisors LLC increased its position in shares of RTX by 3.7% during the fourth quarter. Arbor Wealth Advisors LLC now owns 2,382 shares of the company’s stock valued at $276,000 after acquiring an additional 85 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC increased its position in shares of RTX by 20.1% during the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock valued at $62,000 after acquiring an additional 86 shares during the last quarter. Blackston Financial Advisory Group LLC increased its position in shares of RTX by 3.7% during the third quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock valued at $291,000 after acquiring an additional 86 shares during the last quarter. Finally, Traveka Wealth LLC increased its position in shares of RTX by 3.2% during the fourth quarter. Traveka Wealth LLC now owns 2,789 shares of the company’s stock valued at $323,000 after acquiring an additional 86 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Stock Up 2.5 %

Shares of NYSE:RTX opened at $128.21 on Wednesday. RTX Co. has a 1 year low of $88.90 and a 1 year high of $132.43. The company has a market cap of $170.65 billion, a PE ratio of 36.63, a P/E/G ratio of 1.99 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The stock’s 50-day moving average is $118.67 and its 200 day moving average is $118.89.

RTX (NYSE:RTX) last posted 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 11.96% and a net margin of 5.97%. Sell-side analysts anticipate that RTX Co. will post 5.56 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on RTX shares. Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $130.00 to $140.00 in a research report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and raised their target price for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Wells Fargo & Company raised 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. TD Cowen raised RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Finally, UBS Group raised their price target on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, RTX has a consensus rating of “Moderate Buy” and an average price target of $158.27.

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.