McGuire Investment Group LLC Takes Position in Raytheon Technologies Co. (NYSE:RTX)

McGuire Investment Group LLC purchased a new stake in shares of Raytheon Technologies Co. (NYSE:RTXGet Rating) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 28,373 shares of the company’s stock, valued at approximately $2,727,000.

Other large investors also recently modified their holdings of the company. Stuart Chaussee & Associates Inc. increased its holdings in shares of Raytheon Technologies by 135.5% during the first quarter. Stuart Chaussee & Associates Inc. now owns 259 shares of the company’s stock valued at $26,000 after purchasing an additional 149 shares during the period. Nauset Wealth Management. LLC acquired a new position in Raytheon Technologies during the first quarter worth about $30,000. Steward Financial Group LLC grew its holdings in Raytheon Technologies by 760.4% during the first quarter. Steward Financial Group LLC now owns 413 shares of the company’s stock worth $40,000 after acquiring an additional 365 shares during the period. Rational Advisors LLC grew its holdings in Raytheon Technologies by 56.5% during the first quarter. Rational Advisors LLC now owns 435 shares of the company’s stock worth $43,000 after acquiring an additional 157 shares during the period. Finally, Roble Belko & Company Inc grew its holdings in Raytheon Technologies by 111.5% during the first quarter. Roble Belko & Company Inc now owns 442 shares of the company’s stock worth $44,000 after acquiring an additional 233 shares during the period. 79.89% of the stock is owned by institutional investors and hedge funds.

Raytheon Technologies Stock Down 1.7 %

NYSE RTX traded down $1.39 during trading on Friday, reaching $82.06. 296,335 shares of the company’s stock were exchanged, compared to its average volume of 4,894,739. Raytheon Technologies Co. has a fifty-two week low of $79.00 and a fifty-two week high of $106.02. The firm has a market capitalization of $121.16 billion, a PE ratio of 27.91, a P/E/G ratio of 1.72 and a beta of 1.04. The company has a current ratio of 1.10, a quick ratio of 0.83 and a debt-to-equity ratio of 0.43. The company’s fifty day simple moving average is $90.89 and its 200-day simple moving average is $94.56.

Raytheon Technologies (NYSE:RTXGet Rating) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.04. Raytheon Technologies had a return on equity of 9.48% and a net margin of 6.84%. The firm had revenue of $16.31 billion during the quarter, compared to analyst estimates of $16.61 billion. During the same period last year, the company posted $1.03 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. Sell-side analysts predict that Raytheon Technologies Co. will post 4.71 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. StockNews.com raised Raytheon Technologies from a “hold” rating to a “buy” rating in a report on Thursday, August 4th. Vertical Research decreased their price target on Raytheon Technologies to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, July 27th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $114.10.

Raytheon Technologies Company Profile

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Raytheon Technologies Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense.

See Also

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Institutional Ownership by Quarter for Raytheon Technologies (NYSE:RTX)

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