LRI Investments LLC Has $9.22 Million Position in RTX Co. (NYSE:RTX)

LRI Investments LLC lifted its position in shares of RTX Co. (NYSE:RTX) by 6.5% during the third quarter, Holdings Channel.com reports. The firm owned 77,543 shares of the company’s stock after purchasing an additional 4,732 shares during the period. RTX accounts for 0.8% of LRI Investments LLC’s holdings, making the stock its 18th biggest position. LRI Investments LLC’s holdings in RTX were worth $9,221,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in RTX. Briaud Financial Planning Inc grew its position in shares of 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 during the period. MidAtlantic Capital Management Inc. purchased a new position in shares of RTX in the 3rd quarter worth about $29,000. Mizuho Securities Co. Ltd. purchased a new position in shares of RTX during the second quarter worth approximately $32,000. Fairfield Financial Advisors LTD bought a new stake in RTX in the second quarter worth $41,000. Finally, Western Pacific Wealth Management LP purchased a new stake in RTX during the 3rd quarter valued at about $41,000. 86.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on RTX shares. Royal Bank of Canada upped their target price on RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Wells Fargo & Company upgraded RTX from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Finally, Morgan Stanley lifted their price target on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Eight 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 stock. Based on data from MarketBeat, RTX presently has an average rating of “Moderate Buy” and a consensus target price of $177.27.

RTX Stock Down 0.4 %

Shares of NYSE RTX opened at $117.99 on Monday. The business has a 50-day moving average price of $122.16 and a 200 day moving average price of $115.15. RTX Co. has a 52-week low of $79.67 and a 52-week high of $128.70. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The stock has a market cap of $157.05 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 2.09 and a beta of 0.80.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The firm had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same period in the previous year, the firm posted $1.25 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities research analysts forecast that RTX Co. will post 5.56 earnings per share for the current year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.14%. RTX’s payout ratio is 72.00%.

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.