Carrera Capital Advisors Invests $201,000 in RTX Co. (NYSE:RTX)

Carrera Capital Advisors acquired a new position in RTX Co. (NYSE:RTX) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,658 shares of the company’s stock, valued at approximately $201,000.

Other institutional investors have also recently modified their holdings of the company. Briaud Financial Planning Inc raised its stake 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 shares of RTX in the second quarter worth about $26,000. Mizuho Securities Co. Ltd. purchased a new position in shares of RTX in the second quarter worth about $32,000. Western Pacific Wealth Management LP purchased a new position in shares of RTX in the third quarter worth about $41,000. Finally, Fairfield Financial Advisors LTD purchased a new position in RTX during the second quarter valued at approximately $41,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RTX has been the subject of several recent research reports. Alembic Global Advisors upgraded RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price target for the company in a research report on Tuesday, July 30th. Royal Bank of Canada lifted their price target on RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. Barclays lifted their price target on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group lifted their price target on RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Finally, UBS Group lifted their price target on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Ten equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $177.27.

RTX Trading Down 1.3 %

Shares of RTX stock traded down $1.57 on Tuesday, hitting $122.99. The stock had a trading volume of 735,450 shares, compared to its average volume of 6,674,016. 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 has a market capitalization of $163.70 billion, a P/E ratio of 35.59, a P/E/G ratio of 2.19 and a beta of 0.82. RTX Co. has a 1 year low of $78.00 and a 1 year high of $128.70. The company’s 50 day moving average price is $122.11 and its 200-day moving average price is $113.01.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter in the previous year, the business earned $1.25 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. Analysts anticipate 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. Investors 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 payout ratio 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.