Trace Wealth Advisors LLC Takes Position in RTX Corporation $RTX

Trace Wealth Advisors LLC acquired a new position in shares of RTX Corporation (NYSE:RTXFree Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 3,289 shares of the company’s stock, valued at approximately $550,000.

Several other large investors have also recently bought and sold shares of RTX. LFA Lugano Financial Advisors SA purchased a new position in shares of RTX in the 2nd quarter valued at about $29,000. Valley Wealth Managers Inc. acquired a new stake in RTX during the third quarter worth approximately $30,000. Access Investment Management LLC purchased a new stake in shares of RTX during the 2nd quarter worth approximately $31,000. SOA Wealth Advisors LLC. lifted its position in shares of RTX by 57.4% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 192 shares of the company’s stock worth $32,000 after buying an additional 70 shares during the last quarter. Finally, Clayton Financial Group LLC acquired a new position in shares of RTX in the 3rd quarter valued at $36,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Up 1.4%

RTX opened at $198.78 on Friday. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $206.48. The business has a 50 day moving average price of $187.63 and a two-hundred day moving average price of $172.10. The company has a quick ratio of 0.80, a current ratio of 1.03 and a debt-to-equity ratio of 0.51. The company has a market cap of $266.52 billion, a PE ratio of 40.08, a P/E/G ratio of 2.83 and a beta of 0.43.

RTX (NYSE:RTXGet Free Report) last released its earnings results on Tuesday, January 27th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.08. RTX had a return on equity of 13.08% and a net margin of 7.60%.The business had revenue of $24.24 billion for the quarter, compared to analyst estimates of $22.65 billion. During the same quarter in the previous year, the company posted $1.54 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, research analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on RTX shares. Royal Bank Of Canada boosted their price target on shares of RTX from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. JPMorgan Chase & Co. boosted their target price on RTX from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. The Goldman Sachs Group upped their target price on RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. TD Cowen reaffirmed a “buy” rating on shares of RTX in a research report on Tuesday, January 27th. Finally, BNP Paribas Exane initiated coverage on RTX in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $210.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and a consensus target price of $199.50.

Read Our Latest Report on RTX

RTX Company Profile

(Free Report)

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.

See Also

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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