Modus Advisors LLC Takes Position in RTX Co. (NYSE:RTX)

Modus Advisors LLC acquired a new position in shares of RTX Co. (NYSE:RTX) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 339 shares of the company’s stock, valued at approximately $39,000.

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

RTX Trading Down 0.1 %

NYSE:RTX opened at $115.87 on Friday. 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 1 year low of $84.43 and a 1 year high of $128.70. The stock has a market capitalization of $154.22 billion, a price-to-earnings ratio of 33.11, a PEG ratio of 2.08 and a beta of 0.80. The stock has a fifty day moving average price of $118.87 and a two-hundred day moving average price of $116.42.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $19.84 billion. During the same quarter in the previous year, the firm earned $1.25 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts anticipate that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $130.00 to $140.00 in a report on Thursday, December 19th. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Barclays boosted their target price on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. 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. Finally, UBS Group raised their target price on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $178.67.

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.