Nwam LLC Makes New $1.63 Million Investment in RTX Co. (NYSE:RTX)

Nwam LLC bought a new position in shares of RTX Co. (NYSE:RTX) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 13,480 shares of the company’s stock, valued at approximately $1,633,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Napa Wealth Management purchased a new stake in shares of RTX in the third quarter worth about $1,307,000. Manning & Napier Advisors LLC purchased a new stake in shares of RTX in the second quarter worth about $30,837,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of RTX by 16.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock worth $9,510,000 after buying an additional 11,354 shares in the last quarter. Kennebec Savings Bank purchased a new stake in shares of RTX in the third quarter worth about $953,000. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of RTX by 36.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 365,221 shares of the company’s stock worth $44,250,000 after buying an additional 97,749 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Stock Up 0.2 %

Shares of NYSE RTX opened at $120.77 on Friday. RTX Co. has a one year low of $79.13 and a one year high of $128.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The firm’s 50 day simple moving average is $122.17 and its two-hundred day simple moving average is $114.02. The stock has a market capitalization of $160.75 billion, a P/E ratio of 34.51, a PEG ratio of 2.13 and a beta of 0.82.

RTX (NYSE:RTX) last issued its quarterly earnings results 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 net margin of 5.97% and a return on equity of 11.96%. The business had revenue of $20.09 billion for the quarter, compared to analysts’ expectations of $19.84 billion. During the same period last year, the business earned $1.25 earnings per share. The business’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, analysts expect that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s dividend payout ratio is 72.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on RTX shares. The Goldman Sachs Group increased their price target on shares of RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Citigroup raised their target price on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Morgan Stanley raised their target price on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Finally, UBS Group raised their target price on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.