Turtle Creek Wealth Advisors LLC Grows Position in RTX Co. (NYSE:RTX)

Turtle Creek Wealth Advisors LLC grew its stake in shares of RTX Co. (NYSE:RTX) by 3.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,547 shares of the company’s stock after acquiring an additional 426 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in RTX were worth $1,452,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. CX Institutional grew its position in shares of RTX by 21.9% in the fourth quarter. CX Institutional now owns 65,150 shares of the company’s stock valued at $7,539,000 after purchasing an additional 11,706 shares during the period. LRI Investments LLC grew its position in shares of RTX by 6.5% in the third quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock valued at $9,221,000 after purchasing an additional 4,732 shares during the period. Napa Wealth Management purchased a new stake in shares of RTX in the third quarter valued at $1,307,000. Czech National Bank grew its position in shares of RTX by 6.5% in the fourth quarter. Czech National Bank now owns 288,591 shares of the company’s stock valued at $33,396,000 after purchasing an additional 17,608 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of RTX by 16.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock valued at $9,510,000 after purchasing an additional 11,354 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

RTX has been the subject of a number of research reports. Royal Bank of Canada boosted their price target on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday. StockNews.com downgraded RTX from a “buy” rating to a “hold” rating in a research report on Wednesday. Morgan Stanley boosted their price target on RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday. Barclays boosted their price target on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and boosted their price target for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and an average target price of $163.07.

RTX Trading Up 3.2 %

NYSE:RTX opened at $129.14 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.73 and a current ratio of 0.99. RTX Co. has a one year low of $88.90 and a one year high of $132.43. The business’s 50-day simple moving average is $118.97 and its 200 day simple moving average is $119.00. The stock has a market cap of $171.89 billion, a price-to-earnings ratio of 36.38, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. As a group, sell-side analysts predict that RTX Co. will post 6.1 earnings per share for the current fiscal year.

RTX Company 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.