DRW Securities LLC Purchases 7,538 Shares of RTX Co. (NYSE:RTX)

DRW Securities LLC lifted its stake in RTX Co. (NYSE:RTX) by 212.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 11,092 shares of the company’s stock after purchasing an additional 7,538 shares during the quarter. DRW Securities LLC’s holdings in RTX were worth $1,343,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Briaud Financial Planning Inc increased its position 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 buying an additional 100 shares in the last quarter. Lynx Investment Advisory acquired a new position in RTX in the 2nd quarter worth about $26,000. MidAtlantic Capital Management Inc. acquired a new position in RTX in the 3rd quarter worth about $29,000. Mizuho Securities Co. Ltd. acquired a new position in RTX in the 2nd quarter worth about $32,000. Finally, Fairfield Financial Advisors LTD acquired a new position in shares of RTX during the second quarter valued at approximately $41,000. 86.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Barclays increased 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. Bank of America upgraded RTX from a “neutral” rating to a “buy” rating and raised their price target for the stock from $110.00 to $140.00 in a research report on Wednesday, July 31st. Alembic Global Advisors upgraded RTX from a “neutral” rating to an “overweight” rating and set a $134.00 target price for the company in a report on Tuesday, July 30th. Royal Bank of Canada lifted their target price on RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft raised RTX from a “sell” rating to a “hold” rating and lifted their price target for the stock from $109.00 to $129.00 in a report on Thursday, October 3rd. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and a consensus price target of $177.27.

RTX Stock Down 1.8 %

Shares of RTX stock opened at $118.65 on Tuesday. The company has a market capitalization of $157.93 billion, a PE ratio of 33.90, a P/E/G ratio of 2.14 and a beta of 0.82. RTX Co. has a 1-year low of $79.13 and a 1-year high of $128.70. The business has a 50-day moving average of $122.16 and a 200-day moving average of $114.26. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73.

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

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a yield of 2.12%. RTX’s dividend payout ratio is currently 72.00%.

RTX Company 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.