Groupama Asset Managment Acquires 5,715 Shares of RTX Co. (NYSE:RTX)

Groupama Asset Managment lifted its holdings in shares of RTX Co. (NYSE:RTX) by 1.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 592,894 shares of the company’s stock after acquiring an additional 5,715 shares during the period. RTX makes up 1.4% of Groupama Asset Managment’s holdings, making the stock its 22nd biggest holding. Groupama Asset Managment’s holdings in RTX were worth $71,835,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Briaud Financial Planning Inc increased its position in shares of 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 acquiring an additional 100 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of RTX during the third quarter worth about $29,000. Mizuho Securities Co. Ltd. bought a new stake in RTX in the 2nd quarter worth about $32,000. Fairfield Financial Advisors LTD bought a new stake in RTX in the 2nd quarter worth about $41,000. Finally, Western Pacific Wealth Management LP bought a new stake in RTX in the 3rd quarter worth about $41,000. 86.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on RTX shares. Royal Bank of Canada upped their price objective on shares of RTX from $115.00 to $130.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “sell” rating to a “hold” rating and raised their price target for the stock from $109.00 to $129.00 in a research note on Thursday, October 3rd. Barclays upped their price objective on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Finally, Morgan Stanley upped their price objective on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Eight analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.27.

RTX Trading Down 0.4 %

RTX stock opened at $117.99 on Monday. The stock has a market cap of $157.05 billion, a P/E ratio of 33.71, a PEG ratio of 2.09 and a beta of 0.80. RTX Co. has a fifty-two week low of $79.67 and a fifty-two week high of $128.70. The firm’s fifty day moving average price is $122.16 and its 200-day moving average price is $115.15. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 22nd. The company reported $1.45 EPS 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 return on equity of 11.96% and a net margin of 5.97%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.25 earnings per share. Equities research analysts forecast that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Announces Dividend

The company 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 $0.63 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a yield of 2.14%. 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.