Flywheel Private Wealth LLC Takes Position in RTX Co. (NYSE:RTX)

Flywheel Private Wealth LLC acquired a new position in RTX Co. (NYSE:RTX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,439 shares of the company’s stock, valued at approximately $398,000.

Other institutional investors also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. bought a new position in shares of RTX during the 3rd quarter worth $29,000. Modus Advisors LLC purchased a new stake in RTX in the fourth quarter worth about $39,000. Western Pacific Wealth Management LP bought a new position in RTX during the 3rd quarter worth about $41,000. Kimelman & Baird LLC purchased a new position in RTX during the 2nd quarter valued at about $46,000. Finally, ORG Wealth Partners LLC bought 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 hedge funds and other institutional investors.

RTX Stock Down 0.3 %

RTX stock opened at $119.07 on Thursday. The stock has a market capitalization of $158.48 billion, a PE ratio of 34.02, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81. RTX Co. has a 52 week low of $84.43 and a 52 week high of $128.70. 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 firm has a 50 day moving average of $118.14 and a 200 day moving average of $117.28.

RTX (NYSE:RTX) last announced its quarterly earnings data 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 analyst estimates of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.25 earnings per share. Sell-side analysts forecast that RTX Co. will post 5.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Susquehanna dropped their price objective on shares of RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised 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 research report on Thursday, January 2nd. UBS Group boosted their price target on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Morgan Stanley raised their price objective on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company boosted their target price on shares of RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $156.87.

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.