Calamos Advisors LLC Increases Position in RTX Co. (NYSE:RTX)

Calamos Advisors LLC raised its holdings in shares of RTX Co. (NYSE:RTX) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 511,130 shares of the company’s stock after acquiring an additional 1,013 shares during the period. Calamos Advisors LLC’s holdings in RTX were worth $59,148,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Childress Capital Advisors LLC grew its position in RTX by 3.8% during the fourth quarter. Childress Capital Advisors LLC now owns 4,684 shares of the company’s stock valued at $542,000 after buying an additional 173 shares during the period. Alliance Wealth Advisors LLC UT lifted its stake in shares of RTX by 1.4% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 18,780 shares of the company’s stock worth $2,173,000 after buying an additional 251 shares in the last quarter. F&V Capital Management LLC increased its holdings in shares of RTX by 0.6% in the fourth quarter. F&V Capital Management LLC now owns 155,629 shares of the company’s stock valued at $18,009,000 after purchasing an additional 940 shares during the last quarter. Optas LLC grew its holdings in shares of RTX by 114.5% in the fourth quarter. Optas LLC now owns 7,062 shares of the company’s stock valued at $817,000 after purchasing an additional 3,770 shares during the period. Finally, Financial Life Planners purchased a new stake in RTX in the 4th quarter valued at about $389,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on RTX shares. Vertical Research upgraded shares of RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Morgan Stanley boosted their target price on RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. StockNews.com downgraded RTX from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Susquehanna boosted their price objective on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $163.07.

RTX Trading Up 0.8 %

Shares of RTX opened at $130.03 on Tuesday. The stock has a fifty day moving average price of $119.37 and a two-hundred day moving average price of $119.59. The company has a market cap of $173.07 billion, a price-to-earnings ratio of 36.63, a PEG ratio of 2.17 and a beta of 0.82. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. RTX Co. has a 52-week low of $88.90 and a 52-week high of $132.43.

RTX (NYSE:RTX) last released its earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. Analysts predict that RTX Co. will post 6.12 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be given a $0.63 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.94%. RTX’s payout ratio is 70.99%.

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.