Nwam LLC Invests $1.63 Million in RTX Co. (NYSE:RTX)

Nwam LLC bought a new position in RTX Co. (NYSE:RTX) during the 3rd quarter, Holdings Channel.com reports. The firm bought 13,480 shares of the company’s stock, valued at approximately $1,633,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Briaud Financial Planning Inc grew its holdings in shares of RTX by 64.1% in the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares during the last quarter. Lynx Investment Advisory purchased a new position in RTX during the 2nd quarter valued at $26,000. MidAtlantic Capital Management Inc. purchased a new position in RTX during the 3rd quarter valued at $29,000. Mizuho Securities Co. Ltd. purchased a new position in RTX during the 2nd quarter valued at $32,000. Finally, Fairfield Financial Advisors LTD purchased a new position in RTX during the 2nd quarter valued at $41,000. Institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $120.77 on Friday. The stock has a market cap of $160.75 billion, a price-to-earnings ratio of 34.51, a PEG ratio of 2.13 and a beta of 0.82. The firm’s 50-day moving average is $122.17 and its 200 day moving average is $114.02. RTX Co. has a 1 year low of $79.13 and a 1 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.

RTX (NYSE:RTX) last announced its quarterly 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. The company had revenue of $20.09 billion for the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. RTX’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.25 EPS. Sell-side analysts anticipate that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on RTX shares. TD Cowen raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Morgan Stanley boosted their price objective on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Alembic Global Advisors raised shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective on the stock in a research report on Tuesday, July 30th. Susquehanna boosted their price objective on shares of RTX from $140.00 to $150.00 and gave the company a “positive” rating in a research report on Wednesday, October 23rd. Finally, UBS Group boosted their target price on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” 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.