Foundations Investment Advisors LLC Grows Holdings in RTX Co. (NYSE:RTX)

Foundations Investment Advisors LLC increased its position in shares of RTX Co. (NYSE:RTX) by 30.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,618 shares of the company’s stock after buying an additional 17,559 shares during the period. Foundations Investment Advisors LLC’s holdings in RTX were worth $8,635,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parsons Capital Management Inc. RI grew its holdings in RTX by 129.9% during the 4th quarter. Parsons Capital Management Inc. RI now owns 122,082 shares of the company’s stock worth $14,127,000 after acquiring an additional 68,969 shares in the last quarter. Cornell Pochily Investment Advisors Inc. grew its holdings in RTX by 0.8% during the 4th quarter. Cornell Pochily Investment Advisors Inc. now owns 14,416 shares of the company’s stock worth $1,668,000 after acquiring an additional 119 shares in the last quarter. Pacer Advisors Inc. grew its holdings in RTX by 23.4% during the 4th quarter. Pacer Advisors Inc. now owns 122,105 shares of the company’s stock worth $14,130,000 after acquiring an additional 23,140 shares in the last quarter. Cornerstone Wealth Group LLC grew its holdings in RTX by 3.1% during the 4th quarter. Cornerstone Wealth Group LLC now owns 2,923 shares of the company’s stock worth $338,000 after acquiring an additional 88 shares in the last quarter. Finally, KBC Group NV grew its holdings in RTX by 3.3% during the 4th quarter. KBC Group NV now owns 108,768 shares of the company’s stock worth $12,587,000 after acquiring an additional 3,471 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Up 0.7 %

RTX stock opened at $126.17 on Monday. RTX Co. has a 52 week low of $88.90 and a 52 week high of $128.70. The company has a market capitalization of $167.94 billion, a price-to-earnings ratio of 36.01, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. The firm’s 50-day moving average is $118.38 and its two-hundred day moving average is $118.54. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62.

Analysts Set New Price Targets

RTX has been the subject of several research reports. Morgan Stanley lifted their price target on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and lifted their price target for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Barclays lifted their price target on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. Finally, TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.