Crews Bank & Trust Makes New Investment in RTX Co. (NYSE:RTX)

Crews Bank & Trust purchased a new position in shares of RTX Co. (NYSE:RTX) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 2,944 shares of the company’s stock, valued at approximately $341,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in RTX by 1.9% during the third quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company’s stock worth $3,290,622,000 after buying an additional 508,344 shares during the period. Fisher Asset Management LLC increased its holdings in shares of RTX by 4.8% in the third quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock valued at $2,238,004,000 after purchasing an additional 852,183 shares during the period. FMR LLC increased its holdings in shares of RTX by 8.7% in the third quarter. FMR LLC now owns 6,102,848 shares of the company’s stock valued at $739,421,000 after purchasing an additional 490,109 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of RTX by 2.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,886,614 shares of the company’s stock valued at $713,222,000 after purchasing an additional 140,697 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of RTX by 1.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,937,660 shares of the company’s stock valued at $355,927,000 after purchasing an additional 38,930 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RTX. Barclays boosted their target price on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and boosted their target price for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Bank of America boosted their target price on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a report on Thursday. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and lifted their price target for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Finally, Susquehanna lifted their price target on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $163.07.

RTX Stock Up 3.2 %

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

RTX (NYSE:RTX) last posted its earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Analysts anticipate that RTX Co. will post 6.1 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.