Wolff Wiese Magana LLC Buys 213 Shares of RTX Co. (NYSE:RTX)

Wolff Wiese Magana LLC raised its stake in RTX Co. (NYSE:RTX) by 1.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 21,564 shares of the company’s stock after acquiring an additional 213 shares during the period. RTX accounts for about 1.7% of Wolff Wiese Magana LLC’s holdings, making the stock its 19th biggest holding. Wolff Wiese Magana LLC’s holdings in RTX were worth $2,495,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of RTX. MidAtlantic Capital Management Inc. bought a new stake in shares of RTX in the third quarter worth $29,000. Western Pacific Wealth Management LP acquired a new position in RTX during the third quarter worth $41,000. Modus Advisors LLC acquired a new position in RTX during the fourth quarter worth $39,000. ORG Wealth Partners LLC acquired a new position in RTX during the third quarter worth $50,000. Finally, Kimelman & Baird LLC acquired a new position in RTX during the second quarter worth $46,000. Institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

NYSE:RTX opened at $119.78 on Wednesday. The company has a market capitalization of $159.43 billion, a PE ratio of 34.22, a P/E/G ratio of 2.08 and a beta of 0.81. The company has a 50 day simple moving average of $118.18 and a two-hundred day simple moving average of $117.14. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. RTX Co. has a fifty-two week low of $84.43 and a fifty-two week high of $128.70.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The company had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter last year, the firm posted $1.25 EPS. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Research analysts anticipate that RTX Co. will post 5.56 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RTX. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and boosted their target price for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Barclays upped their price objective 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. Susquehanna decreased their price objective on shares of RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Morgan Stanley upped their price target on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company upped their price target on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $156.87.

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.