New Century Financial Group LLC Has $1.22 Million Stock Holdings in RTX Co. (NYSE:RTX)

New Century Financial Group LLC increased its holdings in shares of RTX Co. (NYSE:RTX) by 502.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,492 shares of the company’s stock after purchasing an additional 8,750 shares during the period. New Century Financial Group LLC’s holdings in RTX were worth $1,216,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. bought a new stake in shares of RTX in the 3rd quarter valued at $29,000. Modus Advisors LLC acquired a new stake in RTX in the fourth quarter worth $39,000. Western Pacific Wealth Management LP acquired a new position in shares of RTX during the third quarter valued at about $41,000. Kimelman & Baird LLC bought a new position in shares of RTX during the 2nd quarter worth about $46,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of RTX in the 3rd quarter valued at about $50,000. 86.50% of the stock is currently owned by institutional investors.

RTX Trading Up 1.6 %

NYSE RTX opened at $126.34 on Friday. The stock has a market capitalization of $168.17 billion, a price-to-earnings ratio of 36.10, a PEG ratio of 1.99 and a beta of 0.81. The business’s fifty day moving average is $118.25 and its 200-day moving average is $118.12. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. RTX Co. has a one year low of $88.70 and a one year high of $128.70.

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

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wells Fargo & Company increased 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. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and increased their target price for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. UBS Group boosted their price target on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada upgraded 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 report on Thursday, December 19th. Finally, Barclays upped their target price on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, RTX has an average rating of “Moderate Buy” and a consensus target price of $158.27.

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.