RTX Co. (NYSE:RTX) Short Interest Update

RTX Co. (NYSE:RTX) saw a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 10,680,000 shares, a decline of 27.1% from the November 15th total of 14,650,000 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 5,020,000 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Investors Weigh In On RTX

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Marshall Wace LLP grew its holdings in shares of RTX by 1,247.1% in the 2nd quarter. Marshall Wace LLP now owns 2,053,706 shares of the company’s stock valued at $206,172,000 after acquiring an additional 1,901,256 shares in the last quarter. International Assets Investment Management LLC grew its stake in RTX by 11,235.6% in the third quarter. International Assets Investment Management LLC now owns 1,701,013 shares of the company’s stock valued at $206,095,000 after purchasing an additional 1,686,007 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of RTX by 4.8% during the 3rd quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock worth $2,238,004,000 after purchasing an additional 852,183 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of RTX by 47.9% during the 2nd quarter. Hsbc Holdings PLC now owns 2,448,780 shares of the company’s stock worth $246,300,000 after purchasing an additional 792,830 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of RTX by 256.6% in the third quarter. Janus Henderson Group PLC now owns 976,527 shares of the company’s stock valued at $118,309,000 after buying an additional 702,699 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RTX has been the subject of several recent research reports. Wells Fargo & Company raised RTX from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 21st. Morgan Stanley increased their target price on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Citigroup lifted their price target on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. UBS Group upped their target price on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Barclays boosted their price objective 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. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and an average price target of $177.27.

RTX Stock Up 1.5 %

Shares of RTX traded up $1.71 on Friday, hitting $117.76. The company’s stock had a trading volume of 5,060,054 shares, compared to its average volume of 6,490,409. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $156.74 billion, a price-to-earnings ratio of 33.27, a P/E/G ratio of 2.07 and a beta of 0.80. The firm’s fifty day moving average price is $121.64 and its 200-day moving average price is $115.33. RTX has a fifty-two week low of $79.67 and a fifty-two week high of $128.70.

RTX (NYSE:RTX) last issued 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. The business had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the business posted $1.25 earnings per share. On average, equities research analysts expect that RTX will post 5.56 EPS for the current year.

RTX Dividend Announcement

The firm also recently announced 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. This represents a $2.52 annualized dividend and a yield of 2.14%. The ex-dividend date was Friday, November 15th. RTX’s payout ratio is 72.00%.

RTX Company 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.