1,687 Shares in RTX Co. (NYSE:RTX) Purchased by Burt Wealth Advisors

Burt Wealth Advisors bought a new stake in RTX Co. (NYSE:RTX) during the 3rd quarter, Holdings Channel reports. The firm bought 1,687 shares of the company’s stock, valued at approximately $204,000.

A number of other large investors have also recently added to or reduced their stakes in RTX. Elgethun Capital Management grew its holdings in shares of RTX by 3.8% during the 2nd quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock worth $233,000 after purchasing an additional 85 shares during the period. Mowery & Schoenfeld Wealth Management LLC grew its stake in RTX by 20.1% during the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after buying an additional 86 shares during the period. Blackston Financial Advisory Group LLC raised its stake in shares of RTX by 3.7% in the 3rd quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock valued at $291,000 after acquiring an additional 86 shares during the period. Canal Capital Management LLC raised its stake in shares of RTX by 2.1% in the 3rd quarter. Canal Capital Management LLC now owns 4,253 shares of the company’s stock valued at $515,000 after acquiring an additional 87 shares during the period. Finally, Alpha Omega Wealth Management LLC lifted its holdings in shares of RTX by 0.6% during the 2nd quarter. Alpha Omega Wealth Management LLC now owns 15,126 shares of the company’s stock valued at $1,518,000 after acquiring an additional 89 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Performance

NYSE RTX traded up $3.03 during trading hours on Friday, reaching $123.11. The company’s stock had a trading volume of 823,973 shares, compared to its average volume of 6,688,036. The stock has a market cap of $163.86 billion, a PE ratio of 35.14, a PEG ratio of 2.15 and a beta of 0.82. The business has a 50-day simple moving average of $122.08 and a 200 day simple moving average of $112.54. RTX Co. has a 52 week low of $78.00 and a 52 week high of $128.70. 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 (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating 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 business had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. During the same quarter in the previous year, the firm posted $1.25 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities research 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 given a $0.63 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.05%. RTX’s dividend payout ratio is presently 72.00%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Susquehanna increased their price target on RTX from $140.00 to $150.00 and gave the company a “positive” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their price target on RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Barclays lifted their price objective on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Robert W. Baird raised their price target on shares of RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Finally, Morgan Stanley boosted their price objective on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Ten 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $177.27.

About RTX

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.