Drucker Wealth 3.0 LLC Makes New $307,000 Investment in RTX Co. (NYSE:RTX)

Drucker Wealth 3.0 LLC acquired a new position in RTX Co. (NYSE:RTX) during the 2nd quarter, HoldingsChannel reports. The fund acquired 3,055 shares of the company’s stock, valued at approximately $307,000.

Other hedge funds have also bought and sold shares of the company. RFG Advisory LLC boosted its position in RTX by 96.1% in the 1st quarter. RFG Advisory LLC now owns 40,354 shares of the company’s stock worth $3,936,000 after purchasing an additional 19,779 shares in the last quarter. Robinson Smith Wealth Advisors LLC purchased a new position in shares of RTX during the 4th quarter valued at approximately $672,000. Gryphon Financial Partners LLC purchased a new position in shares of RTX during the 4th quarter valued at approximately $474,000. Edge Capital Group LLC lifted its position in shares of RTX by 37.7% during the 4th quarter. Edge Capital Group LLC now owns 188,929 shares of the company’s stock valued at $15,896,000 after buying an additional 51,735 shares in the last quarter. Finally, Rafferty Asset Management LLC lifted its position in shares of RTX by 7.0% during the 4th quarter. Rafferty Asset Management LLC now owns 360,036 shares of the company’s stock valued at $30,293,000 after buying an additional 23,662 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Down 0.5 %

Shares of RTX opened at $120.32 on Friday. RTX Co. has a 52-week low of $68.56 and a 52-week high of $123.70. The company has a market capitalization of $160.05 billion, a PE ratio of 47.18, a price-to-earnings-growth ratio of 2.11 and a beta of 0.82. The stock has a fifty day simple moving average of $117.22 and a two-hundred day simple moving average of $107.09. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.66.

RTX (NYSE:RTX) last issued its earnings results on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. RTX had a return on equity of 11.37% and a net margin of 3.12%. The business had revenue of $19.72 billion during the quarter, compared to the consensus estimate of $19.29 billion. During the same period last year, the company earned $1.29 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, equities analysts forecast that RTX Co. will post 5.45 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Melius Research increased their target price on RTX from $490.00 to $493.00 in a research report on Wednesday, July 24th. The Goldman Sachs Group increased their target price on RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Robert W. Baird increased their target price on RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Susquehanna increased their price objective on RTX from $119.00 to $140.00 and gave the company a “positive” rating in a research note on Friday, July 26th. Finally, TD Cowen increased their price objective on RTX from $115.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $157.31.

Insiders Place Their Bets

In related news, EVP Dantaya M. Williams sold 17,570 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $114.87, for a total transaction of $2,018,265.90. Following the completion of the sale, the executive vice president now directly owns 38,855 shares of the company’s stock, valued at approximately $4,463,273.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Shane G. Eddy sold 6,741 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $114.76, for a total transaction of $773,597.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dantaya M. Williams sold 17,570 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $114.87, for a total value of $2,018,265.90. Following the sale, the executive vice president now directly owns 38,855 shares of the company’s stock, valued at $4,463,273.85. The disclosure for this sale can be found here. Insiders sold 178,333 shares of company stock valued at $20,861,880 in the last three months. 0.13% of the stock is currently owned by insiders.

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.