Evernest Financial Advisors LLC Boosts Stake in RTX Co. (NYSE:RTX)

Evernest Financial Advisors LLC boosted its holdings in RTX Co. (NYSE:RTX) by 2.8% in the 4th quarter, HoldingsChannel reports. The fund owned 6,564 shares of the company’s stock after acquiring an additional 177 shares during the quarter. Evernest Financial Advisors LLC’s holdings in RTX were worth $760,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX in the third quarter valued at about $29,000. Modus Advisors LLC purchased a new position in RTX in the fourth quarter valued at about $39,000. Western Pacific Wealth Management LP purchased a new stake in shares of RTX during the 3rd quarter worth approximately $41,000. ORG Wealth Partners LLC acquired a new stake in shares of RTX in the 3rd quarter worth approximately $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC increased its stake in RTX by 20.1% in 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 currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday. StockNews.com cut shares of RTX from a “buy” rating to a “hold” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and increased their target price for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Bank of America boosted their price target on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Barclays increased their price objective on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $163.07.

RTX Price Performance

RTX stock opened at $129.14 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.73 and a current ratio of 0.99. The company has a market cap of $171.89 billion, a price-to-earnings ratio of 36.38, a PEG ratio of 1.99 and a beta of 0.81. RTX Co. has a 1 year low of $88.90 and a 1 year high of $132.43. The firm has a 50 day moving average price of $118.97 and a 200 day moving average price of $119.00.

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

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.