RTX Co. (NYSE:RTX) Stock Position Lessened by Townsquare Capital LLC

Townsquare Capital LLC reduced its stake in shares of RTX Co. (NYSE:RTX) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 237,205 shares of the company’s stock after selling 1,003 shares during the quarter. Townsquare Capital LLC’s holdings in RTX were worth $28,740,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Briaud Financial Planning Inc raised its position in shares of RTX by 64.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after buying an additional 100 shares in the last quarter. Lynx Investment Advisory bought a new stake in RTX during the second quarter worth approximately $26,000. MidAtlantic Capital Management Inc. acquired a new stake in RTX in the third quarter worth approximately $29,000. Mizuho Securities Co. Ltd. bought a new position in RTX during the 2nd quarter valued at $32,000. Finally, Fairfield Financial Advisors LTD acquired a new position in shares of RTX during the 2nd quarter valued at $41,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Up 1.7 %

Shares of NYSE RTX opened at $120.62 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. RTX Co. has a one year low of $79.13 and a one year high of $128.70. The business has a 50-day moving average price of $122.16 and a two-hundred day moving average price of $114.26. The firm has a market capitalization of $160.55 billion, a PE ratio of 34.46, a PEG ratio of 2.10 and a beta of 0.82.

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

RTX Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, November 15th. This represents a $2.52 annualized dividend and a dividend yield of 2.09%. RTX’s dividend payout ratio is 72.00%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. StockNews.com raised RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. UBS Group lifted their price objective on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “sell” rating to a “hold” rating and increased their target price for the company from $109.00 to $129.00 in a research note on Thursday, October 3rd. Barclays lifted their price target on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Finally, Bank of America upgraded RTX from a “neutral” rating to a “buy” rating and increased their price objective for the company from $110.00 to $140.00 in a research report on Wednesday, July 31st. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $177.27.

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.