Fulton Breakefield Broenniman LLC Has $801,000 Position in RTX Co. (NYSE:RTX)

Fulton Breakefield Broenniman LLC trimmed its position in shares of RTX Co. (NYSE:RTX) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,925 shares of the company’s stock after selling 235 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in RTX were worth $801,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. MidAtlantic Capital Management Inc. acquired a new stake in RTX in the 3rd quarter valued at $29,000. Western Pacific Wealth Management LP acquired a new stake in RTX in the 3rd quarter worth about $41,000. Modus Advisors LLC acquired a new position in shares of RTX in the 4th quarter valued at approximately $39,000. ORG Wealth Partners LLC acquired a new position in RTX during the 3rd quarter worth approximately $50,000. Finally, Kimelman & Baird LLC bought a new stake in shares of RTX in the 2nd quarter valued at $46,000. 86.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on RTX. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. Morgan Stanley increased their target price on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and increased their price objective for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. Finally, TD Cowen raised RTX to a “strong-buy” rating in a research note 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 issued a strong buy rating to the company. According to data from MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and an average target price of $158.27.

RTX Trading Up 2.5 %

NYSE RTX opened at $128.21 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The company’s fifty day simple moving average is $118.67 and its 200-day simple moving average is $118.89. The stock has a market cap of $170.65 billion, a P/E ratio of 36.63, a PEG ratio of 1.99 and a beta of 0.81. RTX Co. has a 52 week low of $88.90 and a 52 week high of $132.43.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating 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%. Equities research analysts predict that RTX Co. will post 5.56 EPS for the current fiscal 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.