Unionview LLC Invests $203,000 in RTX Co. (NYSE:RTX)

Unionview LLC bought a new stake in RTX Co. (NYSE:RTX) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,675 shares of the company’s stock, valued at approximately $203,000.

A number of other hedge funds have also added to or reduced their stakes in RTX. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in RTX during the first quarter valued at approximately $730,000. Kingsview Wealth Management LLC grew its stake in shares of RTX by 1.6% in the first quarter. Kingsview Wealth Management LLC now owns 26,354 shares of the company’s stock valued at $2,570,000 after buying an additional 416 shares in the last quarter. Leo Wealth LLC increased its holdings in RTX by 14.2% during the first quarter. Leo Wealth LLC now owns 4,786 shares of the company’s stock worth $468,000 after buying an additional 596 shares during the last quarter. Fidelity National Financial Inc. raised its position in RTX by 100.0% during the first quarter. Fidelity National Financial Inc. now owns 100,000 shares of the company’s stock worth $9,753,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Motco lifted its stake in RTX by 7.2% in the first quarter. Motco now owns 1,475 shares of the company’s stock valued at $144,000 after acquiring an additional 99 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group upped their target price on shares of RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Alembic Global Advisors raised RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective for the company in a research report on Tuesday, July 30th. TD Cowen raised RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Royal Bank of Canada raised their price target on RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. Finally, Susquehanna increased their price objective on shares of RTX from $140.00 to $150.00 and gave the company a “positive” rating in a research report on Wednesday, October 23rd. Ten investment 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $177.27.

RTX Stock Performance

RTX opened at $123.52 on Thursday. 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 Co. has a 52-week low of $78.00 and a 52-week high of $128.70. The firm has a market cap of $164.41 billion, a P/E ratio of 35.36, a price-to-earnings-growth ratio of 2.18 and a beta of 0.82. The business’s fifty day moving average is $122.21 and its 200-day moving average is $113.24.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The firm had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same period last year, the firm earned $1.25 EPS. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. Sell-side analysts expect that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be given 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 dividend yield of 2.04%. RTX’s dividend payout ratio is currently 72.00%.

RTX Company 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.