GAMMA Investing LLC Has $3.23 Million Stock Holdings in RTX Co. (NYSE:RTX)

GAMMA Investing LLC lifted its holdings in shares of RTX Co. (NYSE:RTX) by 5.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 27,869 shares of the company’s stock after acquiring an additional 1,528 shares during the period. GAMMA Investing LLC’s holdings in RTX were worth $3,225,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. MidAtlantic Capital Management Inc. acquired a new position in RTX during the third quarter worth about $29,000. Western Pacific Wealth Management LP bought a new stake in shares of RTX during the 3rd quarter valued at approximately $41,000. Fairfield Financial Advisors LTD acquired a new position in RTX during the 2nd quarter worth approximately $41,000. ORG Wealth Partners LLC bought a new position in RTX in the 3rd quarter valued at approximately $50,000. Finally, Kimelman & Baird LLC acquired a new stake in RTX in the second quarter valued at approximately $46,000. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Performance

Shares of RTX opened at $116.01 on Friday. The firm’s fifty day simple moving average is $119.05 and its two-hundred day simple moving average is $116.35. RTX Co. has a 12 month low of $84.43 and a 12 month high of $128.70. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $154.41 billion, a P/E ratio of 33.15, a price-to-earnings-growth ratio of 2.08 and a beta of 0.80.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $19.84 billion. During the same quarter last year, the firm posted $1.25 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. As a group, analysts predict that RTX Co. will post 5.56 EPS for the current year.

RTX Announces Dividend

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

Wall Street Analysts Forecast Growth

RTX has been the subject of several research analyst reports. Barclays upped their price target on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and increased their target price for the company from $131.00 to $140.00 in a research report on Thursday. Susquehanna boosted their price target on RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a report on Wednesday, October 23rd. Wells Fargo & Company upgraded shares of RTX from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 21st. Finally, UBS Group boosted their target price on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $178.67.

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.