RTX Co. (NYSE:RTX) Shares Acquired by MWA Asset Management

MWA Asset Management increased its holdings in shares of RTX Co. (NYSE:RTX) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,197 shares of the company’s stock after acquiring an additional 187 shares during the quarter. RTX comprises 1.4% of MWA Asset Management’s investment portfolio, making the stock its 22nd biggest position. MWA Asset Management’s holdings in RTX were worth $2,084,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Edgestream Partners L.P. acquired a new stake in shares of RTX in the 1st quarter worth $325,000. Bessemer Group Inc. grew its holdings in shares of RTX by 1.4% in the first quarter. Bessemer Group Inc. now owns 86,243 shares of the company’s stock valued at $8,412,000 after purchasing an additional 1,225 shares during the period. Vident Advisory LLC increased its position in RTX by 132.2% during the first quarter. Vident Advisory LLC now owns 132,515 shares of the company’s stock worth $12,924,000 after purchasing an additional 75,449 shares during the last quarter. EntryPoint Capital LLC raised its stake in RTX by 46.0% during the first quarter. EntryPoint Capital LLC now owns 1,361 shares of the company’s stock worth $133,000 after purchasing an additional 429 shares during the period. Finally, CreativeOne Wealth LLC boosted its holdings in RTX by 178.1% in the 1st quarter. CreativeOne Wealth LLC now owns 18,858 shares of the company’s stock valued at $1,839,000 after purchasing an additional 12,076 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

RTX has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Royal Bank of Canada raised their target price on RTX from $115.00 to $130.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 23rd. Alembic Global Advisors raised 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. Morgan Stanley raised their price objective on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Finally, Melius Research upped their target price on shares of RTX from $490.00 to $493.00 in a research report on Wednesday, July 24th. Nine equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $177.27.

RTX Price Performance

RTX stock opened at $118.94 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. RTX Co. has a 52-week low of $78.00 and a 52-week high of $128.70. The firm has a market cap of $158.31 billion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 2.10 and a beta of 0.82. The company’s 50 day moving average is $122.13 and its two-hundred day moving average is $113.81.

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

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s dividend payout ratio 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.