YHB Investment Advisors Inc. Buys 307 Shares of RTX Co. (NYSE:RTX)

YHB Investment Advisors Inc. increased its stake in shares of RTX Co. (NYSE:RTXFree Report) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,621 shares of the company’s stock after acquiring an additional 307 shares during the quarter. YHB Investment Advisors Inc.’s holdings in RTX were worth $5,511,000 at the end of the most recent quarter.

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

RTX Stock Down 0.5 %

Shares of RTX opened at $124.72 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The stock has a market capitalization of $166.00 billion, a PE ratio of 35.63, a P/E/G ratio of 1.99 and a beta of 0.81. The company’s 50-day simple moving average is $118.49 and its 200-day simple moving average is $118.70. RTX Co. has a 1 year low of $88.90 and a 1 year high of $128.70.

RTX (NYSE:RTXGet Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.97% and a return on equity of 11.96%. Analysts forecast that RTX Co. will post 5.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RTX has been the topic of several research reports. TD Cowen raised RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and lifted their target price for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Barclays increased their price target on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. UBS Group lifted their price objective on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada upgraded shares of RTX from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $130.00 to $140.00 in a research note on Thursday, December 19th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $158.27.

Read Our Latest Stock Analysis on RTX

About RTX

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding RTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RTX Co. (NYSE:RTXFree Report).

Institutional Ownership by Quarter for RTX (NYSE:RTX)

Receive News & Ratings for RTX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RTX and related companies with MarketBeat.com's FREE daily email newsletter.