Matthew Goff Investment Advisor LLC Purchases 164 Shares of RTX Co. (NYSE:RTX)

Matthew Goff Investment Advisor LLC grew its position in shares of RTX Co. (NYSE:RTX) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,698 shares of the company’s stock after buying an additional 164 shares during the period. RTX makes up 1.6% of Matthew Goff Investment Advisor LLC’s holdings, making the stock its 20th biggest position. Matthew Goff Investment Advisor LLC’s holdings in RTX were worth $8,413,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Financial Partners Group LLC grew its stake in shares of RTX by 20.5% in the fourth quarter. Financial Partners Group LLC now owns 10,940 shares of the company’s stock valued at $1,266,000 after acquiring an additional 1,858 shares in the last quarter. Cornerstone Wealth Management LLC raised its holdings in RTX by 3.7% in the 4th quarter. Cornerstone Wealth Management LLC now owns 52,732 shares of the company’s stock valued at $6,102,000 after acquiring an additional 1,887 shares in the last quarter. Brighton Jones LLC lifted its position in shares of RTX by 24.3% during the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after acquiring an additional 3,332 shares during the period. Cerro Pacific Wealth Advisors LLC grew its holdings in shares of RTX by 10.1% during the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 4,766 shares of the company’s stock worth $577,000 after purchasing an additional 438 shares in the last quarter. Finally, New Century Financial Group LLC increased its position in shares of RTX by 502.3% in the fourth quarter. New Century Financial Group LLC now owns 10,492 shares of the company’s stock worth $1,216,000 after purchasing an additional 8,750 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on RTX shares. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. 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. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and upped their target price for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Morgan Stanley upped their price objective on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Finally, Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and lifted their target price for the company from $132.00 to $153.00 in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $158.27.

RTX Stock Performance

NYSE:RTX opened at $126.34 on Friday. The company has a market capitalization of $168.17 billion, a PE ratio of 36.10, a P/E/G ratio of 1.99 and a beta of 0.81. RTX Co. has a fifty-two week low of $88.70 and a fifty-two week high of $128.70. 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 company has a 50 day simple moving average of $118.25 and a two-hundred day simple moving average of $118.12.

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