RTX Co. (NYSE:RTX) Holdings Trimmed by SFG Wealth Management LLC.

SFG Wealth Management LLC. trimmed its position in shares of RTX Co. (NYSE:RTX) by 38.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,078 shares of the company’s stock after selling 1,289 shares during the period. SFG Wealth Management LLC.’s holdings in RTX were worth $252,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Briaud Financial Planning Inc grew its holdings 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 in the last quarter. Lynx Investment Advisory purchased a new position in shares of RTX during the 2nd quarter valued at $26,000. Mizuho Securities Co. Ltd. purchased a new position in shares of RTX during the 2nd quarter valued at $32,000. Fairfield Financial Advisors LTD purchased a new position in shares of RTX during the 2nd quarter valued at $41,000. Finally, Western Pacific Wealth Management LP purchased a new position in shares of RTX during the 3rd quarter valued at $41,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Price Performance

NYSE RTX traded up $2.67 on Friday, reaching $122.75. The company’s stock had a trading volume of 541,376 shares, compared to its average volume of 6,686,734. The firm has a market cap of $163.38 billion, a PE ratio of 34.31, a price-to-earnings-growth ratio of 2.15 and a beta of 0.82. The business has a 50-day moving average price of $122.08 and a 200 day moving average price of $112.54. RTX Co. has a 52 week low of $78.00 and a 52 week high of $128.70. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. The business 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%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.25 earnings per share. Sell-side analysts expect that RTX Co. will post 5.56 EPS for the current year.

RTX Announces Dividend

The company also recently disclosed 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 2.05%. RTX’s dividend payout ratio is 72.00%.

Analyst Ratings Changes

Several research firms have recently commented on RTX. Alembic Global Advisors upgraded shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price target on the stock in a report on Tuesday, July 30th. Melius Research upped their price objective on shares of RTX from $490.00 to $493.00 in a report on Wednesday, July 24th. Bank of America upgraded shares of RTX from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $110.00 to $140.00 in a report on Wednesday, July 31st. Susquehanna upped their price objective on shares of RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a report on Wednesday, October 23rd. Finally, Barclays upped their price objective on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Ten research 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. Based on data from MarketBeat.com, RTX currently has a consensus rating of “Hold” and an average 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.