Relyea Zuckerberg Hanson LLC Has $644,000 Holdings in RTX Co. (NYSE:RTX)

Relyea Zuckerberg Hanson LLC raised its stake in RTX Co. (NYSE:RTX) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,567 shares of the company’s stock after acquiring an additional 119 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in RTX were worth $644,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in RTX. Elgethun Capital Management lifted its position in shares of RTX by 3.8% in the 2nd quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock worth $233,000 after purchasing an additional 85 shares during the period. Avestar Capital LLC lifted its holdings in RTX by 0.6% in the third quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock worth $1,752,000 after buying an additional 85 shares during the period. Arbor Wealth Advisors LLC boosted its position in RTX by 3.7% during the 4th quarter. Arbor Wealth Advisors LLC now owns 2,382 shares of the company’s stock valued at $276,000 after acquiring an additional 85 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC grew its holdings in shares of RTX by 20.1% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after acquiring an additional 86 shares during the period. Finally, Blackston Financial Advisory Group LLC grew its holdings in shares of RTX by 3.7% during the 3rd quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock worth $291,000 after acquiring an additional 86 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on RTX shares. Citigroup lifted their price target on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Wells Fargo & Company increased their price target on shares of RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Barclays boosted their price objective on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Finally, UBS Group raised their target price 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. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $156.87.

RTX Price Performance

Shares of RTX stock traded up $0.30 during trading hours on Friday, hitting $120.76. The company’s stock had a trading volume of 901,185 shares, compared to its average volume of 3,664,717. 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 12-month low of $84.43 and a 12-month high of $128.70. The business has a 50 day moving average price of $118.14 and a two-hundred day moving average price of $117.30. The company has a market cap of $160.74 billion, a PE ratio of 34.50, a PEG ratio of 1.84 and a beta of 0.81.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same period in the prior year, the company posted $1.25 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Analysts expect that RTX Co. will post 5.55 earnings per share for the current fiscal year.

About RTX

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.