Brighton Jones LLC Has $1.97 Million Stock Holdings in RTX Co. (NYSE:RTX)

Brighton Jones LLC increased its stake in shares of RTX Co. (NYSE:RTX) by 24.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,018 shares of the company’s stock after buying an additional 3,332 shares during the period. Brighton Jones LLC’s holdings in RTX were worth $1,969,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in RTX. AQR Capital Management LLC lifted its position in RTX by 23.2% during the 2nd quarter. AQR Capital Management LLC now owns 366,824 shares of the company’s stock valued at $36,825,000 after purchasing an additional 69,112 shares during the period. Drucker Wealth 3.0 LLC bought a new stake in shares of RTX during the second quarter worth approximately $307,000. Dark Forest Capital Management LP acquired a new position in RTX in the second quarter valued at approximately $248,000. MBB Public Markets I LLC boosted its stake in RTX by 2,154.5% in the second quarter. MBB Public Markets I LLC now owns 94,712 shares of the company’s stock valued at $9,508,000 after acquiring an additional 90,511 shares during the last quarter. Finally, Mark Asset Management LP raised its position in shares of RTX by 22.8% during the 2nd quarter. Mark Asset Management LP now owns 109,692 shares of the company’s stock valued at $11,012,000 after acquiring an additional 20,358 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Stock Down 0.8 %

NYSE:RTX opened at $125.23 on Friday. The company has a market cap of $166.69 billion, a PE ratio of 35.78, a PEG ratio of 1.99 and a beta of 0.81. The stock has a 50-day simple moving average of $118.38 and a 200 day simple moving average of $118.29. 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 52-week low of $88.90 and a 52-week high of $128.70.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $19.84 billion. During the same period last year, the company earned $1.25 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. On average, sell-side analysts expect that RTX Co. will post 5.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wells Fargo & Company raised their price target on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded 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 research report on Thursday, January 2nd. UBS Group upped 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. Morgan Stanley lifted their price target on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Finally, Susquehanna lowered their price objective on shares of RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $158.27.

RTX Company 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.