Calamos Wealth Management LLC Purchases 330 Shares of RTX Co. (NYSE:RTX)

Calamos Wealth Management LLC increased its holdings in shares of RTX Co. (NYSE:RTX) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,718 shares of the company’s stock after purchasing an additional 330 shares during the period. Calamos Wealth Management LLC’s holdings in RTX were worth $1,009,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in RTX. MidAtlantic Capital Management Inc. acquired a new position in shares of RTX in the third quarter valued at approximately $29,000. Modus Advisors LLC acquired a new stake in RTX in the fourth quarter valued at $39,000. Western Pacific Wealth Management LP bought a new position in shares of RTX during the third quarter worth about $41,000. ORG Wealth Partners LLC acquired a new stake in RTX in the third quarter worth about $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its stake in RTX by 20.1% during the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock valued at $62,000 after buying an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Price Performance

Shares of RTX stock opened at $130.03 on Tuesday. The firm’s 50-day moving average price is $119.37 and its two-hundred day moving average price is $119.59. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $173.07 billion, a price-to-earnings ratio of 36.63, a P/E/G ratio of 2.17 and a beta of 0.82. RTX Co. has a 1-year low of $88.90 and a 1-year high of $132.43.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share 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%. On average, equities analysts predict that RTX Co. will post 6.12 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently announced 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. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio is presently 70.99%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. UBS Group increased their price objective on RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Vertical Research raised shares of RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. Bank of America raised their price objective on shares of RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Susquehanna lifted their target price on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Finally, Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and increased their price target for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.07.

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.