RTX Co. (NYSE:RTX) Shares Acquired by First Citizens Financial Corp

First Citizens Financial Corp grew its position in RTX Co. (NYSE:RTX) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,777 shares of the company’s stock after buying an additional 175 shares during the quarter. First Citizens Financial Corp’s holdings in RTX were worth $437,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RTX. LRI Investments LLC raised its position in shares of RTX by 6.5% during the 3rd quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock worth $9,221,000 after purchasing an additional 4,732 shares during the last quarter. Napa Wealth Management acquired a new position in shares of RTX in the third quarter worth $1,307,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of RTX by 16.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock valued at $9,510,000 after acquiring an additional 11,354 shares in the last quarter. Kennebec Savings Bank acquired a new stake in shares of RTX during the third quarter valued at $953,000. Finally, Point72 Hong Kong Ltd raised its stake in RTX by 83.5% in the 3rd quarter. Point72 Hong Kong Ltd now owns 82,803 shares of the company’s stock valued at $10,032,000 after purchasing an additional 37,671 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on RTX shares. Wells Fargo & Company raised RTX from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and increased their target price for the stock from $131.00 to $140.00 in a research report on Thursday. TD Cowen raised shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Barclays raised their target price on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Finally, Citigroup upped their price target on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $178.67.

RTX Stock Up 0.3 %

RTX traded up $0.34 during trading hours on Friday, reaching $116.35. 716,078 shares of the stock traded hands, compared to its average volume of 1,922,175. RTX Co. has a fifty-two week low of $84.43 and a fifty-two week high of $128.70. 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 company has a market cap of $154.86 billion, a price-to-earnings ratio of 33.24, a PEG ratio of 2.08 and a beta of 0.80. The firm’s fifty day simple moving average is $119.05 and its two-hundred day simple moving average is $116.35.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same period in the previous year, the company earned $1.25 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, analysts forecast that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Friday, November 15th were paid a dividend of $0.63 per share. The ex-dividend date was Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a yield of 2.17%. RTX’s dividend payout ratio (DPR) is 72.00%.

About RTX

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.