RTX Co. (NYSE:RTX) Stock: Investor Activity and Analyst Outlook
Colaboradores
RTX Co. (NYSE:RTX), a prominent player in the aerospace and defense industry, has seen considerable activity in its stock, with institutional investors and analysts adjusting their positions and outlook. Several recent SEC filings and analyst reports provide a glimpse into the evolving sentiment surrounding RTX.
Institutional Investor Movements
Several institutional investors have recently adjusted their holdings in RTX. Cyndeo Wealth Partners LLC reduced its holdings by 8.1% during the first quarter, now owning 27,139 shares valued at $3.60 million. Union Bancaire Privee UBP SA lessened its holdings by 34.6%, holding 17,891 shares valued at $2,193,000. Hennessy Advisors Inc. decreased its position by 21.9%, owning 45,200 shares worth $5,987,000.
However, other institutions have increased their stakes or initiated new positions. GAMMA Investing LLC significantly boosted its stake by 14,838.5%, owning 4,163,218 shares valued at $551,460,000. T. Rowe Price Investment Management Inc. increased its stake by 43.1%, holding 10,508,662 shares valued at $1,216,063,000. Norges Bank established a new position valued at a substantial $1,745,644,000.
Smaller firms also contributed to the activity. 10Elms LLP, Fairway Wealth LLC, Picton Mahoney Asset Management, Greenline Partners LLC, and Millstone Evans Group LLC all initiated new positions or increased their holdings in the fourth quarter. Overall, institutional investors and hedge funds hold a significant 86.50% of the company's stock.
Analyst Ratings and Price Targets
Several equities analysts have weighed in on RTX shares recently. JPMorgan Chase & Co. lowered their target price from $150.00 to $145.00 but maintained an "overweight" rating. UBS Group boosted their price objective from $133.00 to $138.00, maintaining a "buy" rating. Wells Fargo & Company upped their target price from $136.00 to $144.00, also maintaining an "overweight" rating. DZ Bank upgraded RTX from a "sell" to a "hold" rating, setting a $129.00 price objective.
RTX Stock Performance
On a recent trading day, RTX stock traded up $0.94, reaching $147.40. The stock's trading volume was 1,578,231 shares, lower than its average volume. RTX Co. has a twelve-month low of $99.07 and a twelve-month high of $147.86. The company boasts a market cap of $196.92 billion, a P/E ratio of 41.52, a PEG ratio of 2.11, and a beta of 0.63.