RTX Co. (NYSE:RTX) Holdings Boosted by First Citizens Financial Corp

First Citizens Financial Corp increased its stake in RTX Co. (NYSE:RTX) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,777 shares of the company’s stock after purchasing an additional 175 shares during the period. First Citizens Financial Corp’s holdings in RTX were worth $437,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in RTX. Elgethun Capital Management lifted its position in RTX by 3.8% in the 2nd quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock valued at $233,000 after purchasing an additional 85 shares during the last quarter. Avestar Capital LLC grew its holdings in RTX by 0.6% in the 3rd quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock worth $1,752,000 after buying an additional 85 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC increased its position in RTX by 20.1% in the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock valued at $62,000 after acquiring an additional 86 shares during the period. Blackston Financial Advisory Group LLC raised its stake in RTX by 3.7% during 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 in the last quarter. Finally, Canal Capital Management LLC boosted its position in RTX by 2.1% during the 3rd quarter. Canal Capital Management LLC now owns 4,253 shares of the company’s stock worth $515,000 after acquiring an additional 87 shares during the period. 86.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RTX. Citigroup boosted their target price on RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $130.00 to $140.00 in a research note on Thursday, December 19th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and boosted their price target for the stock from $131.00 to $140.00 in a research report on Thursday. Wells Fargo & Company raised shares of RTX from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. Finally, Susquehanna increased their target price on shares of RTX from $140.00 to $150.00 and gave the company a “positive” rating in a research note on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $178.67.

RTX Stock Performance

RTX traded up $0.34 on Friday, hitting $116.35. The company had a trading volume of 716,078 shares, compared to its average volume of 1,922,175. 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 company’s fifty day moving average price is $119.05 and its 200 day moving average price is $116.35. The stock has a market cap of $154.86 billion, a price-to-earnings ratio of 33.24, a price-to-earnings-growth ratio of 2.08 and a beta of 0.80. RTX Co. has a 1-year low of $84.43 and a 1-year high of $128.70.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $19.84 billion. During the same quarter in the previous year, the firm posted $1.25 earnings per share. RTX’s revenue was up 6.0% compared to the same quarter last year. Equities analysts predict that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Friday, November 15th were issued a $0.63 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.17%. RTX’s dividend payout ratio (DPR) is 72.00%.

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.