DRW Securities LLC Has $1.34 Million Holdings in RTX Co. (NYSE:RTX)

DRW Securities LLC grew its holdings in RTX Co. (NYSE:RTX) by 212.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,092 shares of the company’s stock after purchasing an additional 7,538 shares during the quarter. DRW Securities LLC’s holdings in RTX were worth $1,343,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. MidAtlantic Capital Management Inc. bought a new position in RTX in the third quarter valued at approximately $29,000. Briaud Financial Planning Inc increased its holdings in RTX by 64.1% during the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after buying an additional 100 shares during the last quarter. Lynx Investment Advisory bought a new position in RTX during the second quarter worth $26,000. Mizuho Securities Co. Ltd. bought a new position in RTX during the second quarter worth $32,000. Finally, Western Pacific Wealth Management LP bought a new position in RTX during the third quarter worth $41,000. Institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

RTX has been the subject of several recent analyst reports. TD Cowen raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft raised RTX from a “sell” rating to a “hold” rating and upped their price objective for the company from $109.00 to $129.00 in a research note on Thursday, October 3rd. Citigroup raised their price objective on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. UBS Group raised their price target on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Morgan Stanley raised their price target on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Eight 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. According to MarketBeat, RTX has an average rating of “Moderate Buy” and a consensus price target of $177.27.

RTX Trading Down 1.8 %

RTX stock opened at $118.65 on Tuesday. The stock has a market capitalization of $157.93 billion, a PE ratio of 33.90, a price-to-earnings-growth ratio of 2.14 and a beta of 0.82. 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 business’s fifty day moving average is $122.16 and its 200 day moving average is $114.26. RTX Co. has a one year low of $79.13 and a one year high of $128.70.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 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 for the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter last year, the company earned $1.25 earnings per share. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, sell-side analysts predict that RTX Co. will post 5.56 EPS for the current year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s dividend payout ratio is presently 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.