Fulton Bank N.A. Purchases 3,182 Shares of RTX Co. (NYSE:RTX)

Fulton Bank N.A. increased its position in shares of RTX Co. (NYSE:RTX) by 14.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,633 shares of the company’s stock after acquiring an additional 3,182 shares during the period. Fulton Bank N.A.’s holdings in RTX were worth $2,966,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in RTX by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company’s stock valued at $3,290,622,000 after buying an additional 508,344 shares during the last quarter. Fisher Asset Management LLC increased its position in RTX by 4.8% in the 3rd quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock valued at $2,238,004,000 after acquiring an additional 852,183 shares during the period. Legal & General Group Plc raised its stake in shares of RTX by 4.4% during the second quarter. Legal & General Group Plc now owns 8,577,770 shares of the company’s stock valued at $861,122,000 after acquiring an additional 362,340 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of RTX by 5.2% during the second quarter. Ameriprise Financial Inc. now owns 8,284,944 shares of the company’s stock worth $831,740,000 after purchasing an additional 408,551 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of RTX by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 7,444,471 shares of the company’s stock worth $747,347,000 after purchasing an additional 417,789 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on RTX. UBS Group lifted their target price on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Barclays increased their target price on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Susquehanna dropped their price target on shares of RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research report on Wednesday. Finally, TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $156.87.

RTX Stock Up 0.2 %

Shares of NYSE RTX traded up $0.20 during midday trading on Wednesday, hitting $115.00. 1,192,318 shares of the stock traded hands, compared to its average volume of 2,935,067. 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 Co. has a one year low of $84.43 and a one year high of $128.70. The business has a 50 day moving average price of $118.48 and a two-hundred day moving average price of $116.72. The company has a market cap of $153.07 billion, a PE ratio of 32.86, a P/E/G ratio of 2.08 and a beta of 0.81.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.11. The firm had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.25 earnings per share. On average, 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.