Adell Harriman & Carpenter Inc. grew its stake in RTX Corporation (NYSE:RTX – Free Report) by 9.2% during the third quarter, HoldingsChannel.com reports. The firm owned 99,964 shares of the company’s stock after purchasing an additional 8,412 shares during the period. RTX makes up approximately 1.0% of Adell Harriman & Carpenter Inc.’s holdings, making the stock its 28th biggest holding. Adell Harriman & Carpenter Inc.’s holdings in RTX were worth $16,727,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Valley Wealth Managers Inc. bought a new position in RTX during the third quarter worth $30,000. SOA Wealth Advisors LLC. raised its holdings in shares of RTX by 57.4% during the third quarter. SOA Wealth Advisors LLC. now owns 192 shares of the company’s stock worth $32,000 after purchasing an additional 70 shares during the period. LFA Lugano Financial Advisors SA acquired a new stake in shares of RTX during the second quarter worth $29,000. Access Investment Management LLC bought a new position in shares of RTX in the 2nd quarter worth about $31,000. Finally, Clayton Financial Group LLC acquired a new position in shares of RTX in the 3rd quarter valued at about $36,000. 86.50% of the stock is owned by institutional investors.
RTX Price Performance
Shares of NYSE RTX opened at $203.95 on Wednesday. The stock has a market cap of $273.45 billion, a P/E ratio of 41.12, a P/E/G ratio of 2.92 and a beta of 0.43. The firm’s 50-day simple moving average is $186.22 and its 200 day simple moving average is $171.43. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $205.36. The company has a quick ratio of 0.80, a current ratio of 1.03 and a debt-to-equity ratio of 0.51.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the stock. TD Cowen reissued a “buy” rating on shares of RTX in a report on Tuesday, January 27th. Sanford C. Bernstein reissued a “market perform” rating and issued a $204.00 price target on shares of RTX in a report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $195.00 price objective on shares of RTX in a research note on Wednesday, October 8th. Vertical Research reiterated a “buy” rating and issued a $227.00 target price on shares of RTX in a research note on Tuesday, January 27th. Finally, Susquehanna reissued a “positive” rating and set a $230.00 price target on shares of RTX in a report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $198.89.
View Our Latest Research Report on RTX
RTX News Roundup
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Large U.S. missile-production award bolsters Raytheon’s (RTX business) near-term defense revenue and capacity ramp plans — supports backlog and recurring production revenue. Raytheon secures deal to build thousands of missiles for the US, including Tomahawks
- Positive Sentiment: Raytheon (RTX) signed five framework agreements with the U.S. Department of War to expand production of Tomahawk, AMRAAM and multiple SM-series missiles — multiyear, high-volume program upside. RTX’s Raytheon partners with Department of War on five landmark agreements to expand critical munition production
- Positive Sentiment: RTX won a $1.03B contract to supply the LTAMDS radar to the U.S. Army — a material order that improves medium-term defense revenue visibility. RTX Secures a $1.03B Contract to Supply LTAMDS System to U.S. Army
- Positive Sentiment: Vietjet ordered 44 additional GTF-powered A320neo-family aircraft from Pratt & Whitney (RTX), including a 12‑year maintenance deal — adds revenue from new engine deliveries and long-term MRO services. Vietjet selects RTX’s Pratt & Whitney to power 44 additional A320neo family aircraft
- Positive Sentiment: Collins Aerospace (RTX) landed multiple service contracts — Thai Airways connectivity rollout, Scoot APS5000 APU 15‑year maintenance deal, ANA FlightSense renewals and Singapore Airlines FlightSense extension — strengthening recurring-services revenue. RTX’s Collins Aerospace activates advanced connectivity services for Thai Airways fleet of A321neos
- Positive Sentiment: RTX announced a $139M investment plan and multiple MOUs with Singapore’s Economic Development Board to expand aerospace manufacturing and MRO capabilities in the region — strategic capex supporting long-term growth. RTX to invest $139 million in Singapore, signing multiple MOUs with Economic Development Board
- Positive Sentiment: Raytheon completed a successful ballistic test for the Army’s Next Generation Short Range Interceptor and was selected by DARPA for maritime-defense development — technology wins that can feed future defense programs. RTX’s Raytheon completes successful ballistic test for U.S. Army’s Next Generation Short Range Interceptor
- Neutral Sentiment: Several consumer-tech articles reference “RTX” in the context of Nvidia’s GeForce RTX GPUs or retail laptop/PC deals; these are unrelated to RTX Corporation’s earnings or defense/aerospace business. GeForce RTX 5070 joins the RTX 3060 as one of the most popular GPUs among PC gamers
About RTX
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.
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