Strategic Blueprint LLC Buys 890 Shares of RTX Co. (NYSE:RTX)

Strategic Blueprint LLC lifted its position in RTX Co. (NYSE:RTX) by 12.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 8,235 shares of the company’s stock after acquiring an additional 890 shares during the quarter. Strategic Blueprint LLC’s holdings in RTX were worth $953,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. bought a new position in RTX in the 3rd quarter valued at $29,000. Modus Advisors LLC bought a new position in RTX during the fourth quarter valued at about $39,000. Western Pacific Wealth Management LP purchased a new stake in RTX during the third quarter worth about $41,000. ORG Wealth Partners LLC bought a new stake in RTX in the third quarter worth about $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC boosted its stake in RTX by 20.1% in 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. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. UBS Group lifted their price target on shares of RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a report on Wednesday. TD Cowen upgraded RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Bank of America increased their price target on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and upped their price objective for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Finally, Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and an average price target of $163.07.

RTX Trading Up 3.2 %

Shares of RTX stock opened at $129.14 on Friday. The company has a market capitalization of $171.89 billion, a PE ratio of 36.90, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. RTX Co. has a 52-week low of $88.90 and a 52-week high of $132.43. The business’s fifty day moving average is $118.97 and its 200 day moving average is $119.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts anticipate that RTX Co. will post 5.56 EPS for the current fiscal year.

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.