MinichMacGregor Wealth Management LLC Has $226,000 Stock Position in RTX Co. (NYSE:RTX)

MinichMacGregor Wealth Management LLC boosted its holdings in RTX Co. (NYSE:RTX) by 16.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,951 shares of the company’s stock after acquiring an additional 269 shares during the quarter. MinichMacGregor Wealth Management LLC’s holdings in RTX were worth $226,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Asset Planning Services Inc. LA ADV boosted its stake in shares of RTX by 0.8% during the fourth quarter. Asset Planning Services Inc. LA ADV now owns 61,596 shares of the company’s stock valued at $7,128,000 after purchasing an additional 500 shares in the last quarter. True North Advisors LLC boosted its stake in shares of RTX by 18.5% in the 4th quarter. True North Advisors LLC now owns 4,365 shares of the company’s stock valued at $505,000 after purchasing an additional 681 shares during the last quarter. Traynor Capital Management Inc. grew its holdings in RTX by 19.3% during the 4th quarter. Traynor Capital Management Inc. now owns 2,410 shares of the company’s stock worth $279,000 after acquiring an additional 390 shares during the period. Sharp Financial Services LLC increased its holdings in RTX by 13.5% in the fourth quarter. Sharp Financial Services LLC now owns 4,395 shares of the company’s stock worth $509,000 after purchasing an additional 523 shares in the last quarter. Finally, Phillips Wealth Planners LLC increased its stake in shares of RTX by 24.3% in the 4th quarter. Phillips Wealth Planners LLC now owns 4,235 shares of the company’s stock valued at $487,000 after acquiring an additional 829 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

RTX has been the topic of a number of research reports. Susquehanna lowered their target price on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Morgan Stanley boosted their price objective on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Barclays raised their target price on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. UBS Group upped 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. Finally, Wells Fargo & Company raised their price objective on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $158.27.

RTX Stock Down 1.0 %

RTX stock opened at $124.49 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 company has a market capitalization of $165.69 billion, a P/E ratio of 35.57, a P/E/G ratio of 2.01 and a beta of 0.81. The firm has a 50 day moving average price of $118.10 and a 200-day moving average price of $118.06. RTX Co. has a twelve month low of $87.96 and a twelve month high of $128.70.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same period last year, the business posted $1.25 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities analysts predict that RTX Co. will post 5.56 EPS for the current 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.