US Financial Advisors LLC Grows Stock Holdings in RTX Co. (NYSE:RTX)

US Financial Advisors LLC lifted its position in RTX Co. (NYSE:RTX) by 10.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,927 shares of the company’s stock after purchasing an additional 374 shares during the period. US Financial Advisors LLC’s holdings in RTX were worth $476,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Briaud Financial Planning Inc boosted 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 acquiring an additional 100 shares in the last quarter. Lynx Investment Advisory bought a new position in RTX in the second quarter worth about $26,000. Mizuho Securities Co. Ltd. bought a new stake in shares of RTX in the 2nd quarter valued at about $32,000. Fairfield Financial Advisors LTD purchased a new position in shares of RTX in the 2nd quarter worth approximately $41,000. Finally, Stephens Consulting LLC lifted its position in RTX by 34.1% during the second quarter. Stephens Consulting LLC now owns 448 shares of the company’s stock valued at $45,000 after acquiring an additional 114 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

RTX Trading Up 2.2 %

RTX stock opened at $121.59 on Thursday. 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 company’s 50-day simple moving average is $122.13 and its 200-day simple moving average is $112.48. The firm has a market cap of $161.83 billion, a P/E ratio of 34.74, a PEG ratio of 2.09 and a beta of 0.82.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 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 analysts’ expectations of $19.84 billion. During the same period in the previous year, the business earned $1.25 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. As a group, equities analysts forecast that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be given a $0.63 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 annualized dividend and a dividend yield of 2.07%. RTX’s dividend payout ratio (DPR) is 72.00%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Bank of America raised 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 report on Wednesday, July 31st. Melius Research boosted their price objective on shares of RTX from $490.00 to $493.00 in a report on Wednesday, July 24th. 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 research note on Tuesday, July 30th. StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Finally, JPMorgan Chase & Co. lifted their target price on RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Ten analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.