Yousif Capital Management LLC Purchases 214 Shares of RTX Co. (NYSE:RTX)

Yousif Capital Management LLC boosted its position in RTX Co. (NYSE:RTX) by 0.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,243 shares of the company’s stock after purchasing an additional 214 shares during the quarter. Yousif Capital Management LLC’s holdings in RTX were worth $13,915,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Czech National Bank boosted its holdings in RTX by 7.0% in the 3rd quarter. Czech National Bank now owns 270,983 shares of the company’s stock valued at $32,832,000 after purchasing an additional 17,645 shares during the period. Miracle Mile Advisors LLC boosted its stake in shares of RTX by 4.8% in the third quarter. Miracle Mile Advisors LLC now owns 19,844 shares of the company’s stock valued at $2,404,000 after buying an additional 900 shares during the period. Greenfield Savings Bank increased its stake in RTX by 3.6% during the 3rd quarter. Greenfield Savings Bank now owns 10,853 shares of the company’s stock worth $1,315,000 after acquiring an additional 374 shares during the period. Bath Savings Trust Co raised its holdings in RTX by 0.8% in the 3rd quarter. Bath Savings Trust Co now owns 20,062 shares of the company’s stock valued at $2,431,000 after acquiring an additional 169 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of RTX by 73.0% during the 3rd quarter. Versant Capital Management Inc now owns 2,313 shares of the company’s stock valued at $280,000 after acquiring an additional 976 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Performance

RTX stock opened at $128.42 on Wednesday. The business has a 50 day moving average of $119.52 and a 200-day moving average of $119.77. The company has a market capitalization of $170.93 billion, a P/E ratio of 36.18, a P/E/G ratio of 2.17 and a beta of 0.82. RTX Co. has a 1 year low of $88.90 and a 1 year high of $132.43. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. On average, equities research analysts predict that RTX Co. will post 6.12 earnings per share for the current year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be given a $0.63 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.96%. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on RTX shares. JPMorgan Chase & Co. upped their price objective on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and upped their price target for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and lifted their price objective for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Bank of America upped their target price on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, UBS Group lifted their price target on RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $163.07.

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.