Havemeyer Place LP purchased a new stake in RTX Corporation (NYSE:RTX – Free Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 5,832 shares of the company’s stock, valued at approximately $1,070,000.
Other institutional investors have also added to or reduced their stakes in the company. Navalign LLC bought a new stake in RTX in the 4th quarter valued at $25,000. BNP Paribas bought a new stake in RTX in the 3rd quarter valued at $25,000. Core Wealth Advisors LLC bought a new stake in RTX in the 4th quarter valued at $31,000. Wexford Capital LP bought a new stake in RTX in the 3rd quarter valued at $33,000. Finally, Dogwood Wealth Management LLC raised its holdings in RTX by 57.3% in the 3rd quarter. Dogwood Wealth Management LLC now owns 206 shares of the company’s stock valued at $34,000 after acquiring an additional 75 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.
RTX Price Performance
Shares of NYSE RTX opened at $181.26 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78. RTX Corporation has a fifty-two week low of $135.43 and a fifty-two week high of $214.50. The stock has a market capitalization of $244.10 billion, a PE ratio of 34.01, a P/E/G ratio of 2.57 and a beta of 0.31. The business has a fifty day moving average price of $184.04 and a two-hundred day moving average price of $188.81.
RTX Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.73 per share. This is an increase from RTX’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.6%. RTX’s payout ratio is presently 54.78%.
Analysts Set New Price Targets
Several equities analysts have weighed in on RTX shares. Jefferies Financial Group raised RTX from a “hold” rating to a “buy” rating and lifted their price objective for the company from $210.00 to $220.00 in a report on Thursday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of RTX in a report on Friday, April 10th. Melius Research raised RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Wall Street Zen cut RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $240.00 price objective on shares of RTX in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $211.38.
Check Out Our Latest Research Report on RTX
RTX News Summary
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Jefferies upgraded RTX to Buy from Hold and raised its price target to $220, citing improving profit margins, strength in the defense business, and growth in commercial aerospace engine aftermarket revenue. RTX stock rises 4% after Jefferies upgrade, lifts target to $220
- Positive Sentiment: RTX won a $515 million U.S. Navy contract for its SPY-6 radar systems, expanding the program’s deployment across the Navy and allied governments and reinforcing the company’s defense electronics growth story. RTX SPY-6 Radar Win Expands Naval Role And Long Term Appeal
- Positive Sentiment: RTX is expanding landing gear production with a new Poland facility, a sign Collins Aerospace is investing to meet rising aircraft demand and support longer-term commercial aerospace growth. How Is RTX Expanding Landing Gear Production to Support Growth?
- Neutral Sentiment: Several articles repeated a broad “brokers suggest investing in RTX” theme, but these pieces mainly question the usefulness of average analyst ratings and do not add much new fundamental information. Brokers Suggest Investing in RTX (RTX): Read This Before Placing a Bet
- Neutral Sentiment: Tech headlines mentioning “RTX Spark” relate to NVIDIA’s product branding, not RTX Corporation, so they should not materially affect RTX stock. NVIDIA’s RTX Spark Superchip…
RTX Profile
RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.
RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.
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