Sei Investments Co. Increases Holdings in RTX Corporation $RTX

Sei Investments Co. increased its position in RTX Corporation (NYSE:RTXFree Report) by 31.9% during the first quarter, HoldingsChannel.com reports. The fund owned 1,478,164 shares of the company’s stock after acquiring an additional 357,728 shares during the quarter. Sei Investments Co.’s holdings in RTX were worth $285,137,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of RTX by 24.3% in the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after buying an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after acquiring an additional 159 shares in the last quarter. United Bank increased its holdings in RTX by 68.0% during the 2nd quarter. United Bank now owns 10,202 shares of the company’s stock valued at $1,490,000 after acquiring an additional 4,131 shares in the last quarter. Schnieders Capital Management LLC. raised its position in RTX by 3.1% during the second quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company’s stock worth $3,052,000 after acquiring an additional 623 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in RTX during the second quarter worth about $5,157,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX News Summary

Here are the key news stories impacting RTX this week:

RTX Stock Performance

Shares of NYSE RTX opened at $194.56 on Thursday. The company has a 50-day simple moving average of $185.57 and a 200-day simple moving average of $191.89. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78. The company has a market cap of $262.01 billion, a PE ratio of 36.50, a price-to-earnings-growth ratio of 2.65 and a beta of 0.30. RTX Corporation has a 12 month low of $149.11 and a 12 month high of $214.50.

RTX (NYSE:RTXGet Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.26. RTX had a net margin of 8.03% and a return on equity of 13.50%. The business had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $21.38 billion. During the same quarter in the prior year, the firm posted $1.47 earnings per share. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities analysts anticipate that RTX Corporation will post 6.92 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be issued a $0.73 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.92 annualized dividend and a yield of 1.5%. RTX’s payout ratio is 54.78%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RTX. Wall Street Zen lowered shares of RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 26th. Morgan Stanley reduced their target price on RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Weiss Ratings cut RTX from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Jefferies Financial Group reissued a “buy” rating on shares of RTX in a research report on Wednesday, July 8th. Finally, Dbs Bank raised RTX from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $211.38.

View Our Latest Research Report on RTX

RTX Profile

(Free Report)

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.

Read More

Want to see what other hedge funds are holding RTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RTX Corporation (NYSE:RTXFree Report).

Institutional Ownership by Quarter for RTX (NYSE:RTX)

Receive News & Ratings for RTX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RTX and related companies with MarketBeat.com's FREE daily email newsletter.