3,019 Shares in RTX Co. (NYSE:RTX) Acquired by Lewis Asset Management LLC

Lewis Asset Management LLC acquired a new stake in RTX Co. (NYSE:RTX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,019 shares of the company’s stock, valued at approximately $349,000.

Other institutional investors have also recently bought and sold shares of the company. Ascent Group LLC acquired a new stake in shares of RTX during the second quarter worth $251,000. KPP Advisory Services LLC boosted its holdings in RTX by 7.2% during the second quarter. KPP Advisory Services LLC now owns 5,203 shares of the company’s stock worth $522,000 after buying an additional 351 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of RTX during the 2nd quarter worth about $132,000. Brown Financial Advisors bought a new stake in shares of RTX in the 2nd quarter valued at about $715,000. Finally, Sanctuary Advisors LLC bought a new position in RTX during the 2nd quarter worth approximately $35,285,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Ratings Changes

RTX has been the subject of several recent analyst reports. TD Cowen raised shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Wells Fargo & Company raised their price objective on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Morgan Stanley boosted their target price on RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a research note on Wednesday. StockNews.com downgraded RTX from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and lifted their price objective for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $161.73.

RTX Stock Down 2.4 %

RTX stock opened at $125.25 on Thursday. RTX Co. has a twelve month low of $88.90 and a twelve month high of $132.43. The company has a market cap of $166.71 billion, a price-to-earnings ratio of 35.79, a P/E/G ratio of 1.99 and a beta of 0.81. 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 business has a 50 day moving average price of $118.79 and a two-hundred day moving average price of $118.93.

RTX (NYSE:RTX) last issued 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 net margin of 5.97% and a return on equity of 11.96%. Analysts anticipate that RTX Co. will post 5.56 EPS for the current fiscal 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.