Childress Capital Advisors LLC Increases Holdings in RTX Co. (NYSE:RTX)

Childress Capital Advisors LLC raised its position in RTX Co. (NYSE:RTX) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,684 shares of the company’s stock after purchasing an additional 173 shares during the period. Childress Capital Advisors LLC’s holdings in RTX were worth $542,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RTX. MidAtlantic Capital Management Inc. bought a new stake in shares of RTX during the 3rd quarter worth $29,000. Western Pacific Wealth Management LP purchased a new stake in RTX during the third quarter valued at about $41,000. Modus Advisors LLC purchased a new position in shares of RTX in the 4th quarter worth about $39,000. ORG Wealth Partners LLC bought a new position in shares of RTX during the 3rd quarter valued at about $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC raised its holdings in shares of RTX by 20.1% during the 3rd 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. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Citigroup raised RTX from a “neutral” rating to a “buy” rating and upped their target price for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. TD Cowen raised shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Susquehanna boosted their price target on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. UBS Group raised their price objective on RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company boosted their target price on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Six investment 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $163.07.

RTX Stock Performance

Shares of NYSE RTX opened at $130.03 on Tuesday. The firm’s 50-day moving average price is $119.37 and its 200-day moving average price is $119.59. RTX Co. has a 52-week low of $88.90 and a 52-week high of $132.43. The company has a market cap of $173.07 billion, a PE ratio of 36.63, a PEG ratio of 2.17 and a beta of 0.82. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. As a group, analysts anticipate that RTX Co. will post 6.12 EPS for the current year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders 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 yield of 1.94%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s payout ratio is 70.99%.

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.