Turtle Creek Wealth Advisors LLC Buys 373 Shares of RTX Co. (NYSE:RTX)

Turtle Creek Wealth Advisors LLC boosted its stake in shares of RTX Co. (NYSE:RTX) by 3.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 12,121 shares of the company’s stock after buying an additional 373 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in RTX were worth $1,469,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Briaud Financial Planning Inc grew its holdings in RTX by 64.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Lynx Investment Advisory purchased a new stake in shares of RTX in the second quarter worth approximately $26,000. Mizuho Securities Co. Ltd. purchased a new position in RTX during the 2nd quarter valued at $32,000. Western Pacific Wealth Management LP purchased a new stake in RTX in the third quarter worth $41,000. Finally, Fairfield Financial Advisors LTD bought a new stake in shares of RTX during the second quarter worth $41,000. 86.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

RTX has been the subject of several research reports. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “sell” rating to a “hold” rating and boosted their price objective for the company from $109.00 to $129.00 in a research report on Thursday, October 3rd. Alembic Global Advisors upgraded RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price target on the stock in a research note on Tuesday, July 30th. The Goldman Sachs Group upped their price objective on shares of RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Susquehanna upped their price target on shares of RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a research report on Wednesday, October 23rd. Finally, Barclays lifted their price target on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Nine investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, RTX currently has an average rating of “Hold” and a consensus target price of $177.27.

RTX Stock Performance

Shares of RTX stock traded up $0.24 during trading on Friday, hitting $118.53. 6,970,495 shares of the company’s stock were exchanged, compared to its average volume of 6,669,619. RTX Co. has a 52-week low of $78.00 and a 52-week high of $128.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The stock has a market capitalization of $157.77 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 2.19 and a beta of 0.82. The business has a 50-day simple moving average of $122.20 and a 200-day simple moving average of $113.39.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The firm had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter in the prior year, the business earned $1.25 earnings per share. The company’s revenue was up 6.0% compared to the same quarter last year. On average, research analysts forecast that RTX Co. will post 5.56 EPS for the current year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s dividend payout ratio (DPR) is presently 72.00%.

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.