General Pension Society PZU Joint Stock Co boosted its stake in RTX Corporation (NYSE:RTX – Free Report) by 23.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 175,005 shares of the company’s stock after buying an additional 33,000 shares during the period. RTX makes up 8.3% of General Pension Society PZU Joint Stock Co’s portfolio, making the stock its 6th largest holding. General Pension Society PZU Joint Stock Co’s holdings in RTX were worth $33,758,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Alpha Cubed Investments LLC boosted its holdings in shares of RTX by 0.3% during the fourth quarter. Alpha Cubed Investments LLC now owns 14,720 shares of the company’s stock worth $2,700,000 after acquiring an additional 50 shares during the period. LeConte Wealth Management LLC increased its stake in shares of RTX by 2.3% during the fourth quarter. LeConte Wealth Management LLC now owns 2,247 shares of the company’s stock worth $412,000 after purchasing an additional 51 shares during the period. Rydar Equities Inc. lifted its holdings in RTX by 0.4% during the 4th quarter. Rydar Equities Inc. now owns 13,524 shares of the company’s stock worth $2,480,000 after purchasing an additional 52 shares during the last quarter. Schulhoff & Co. Inc. lifted its holdings in RTX by 1.7% during the 4th quarter. Schulhoff & Co. Inc. now owns 3,188 shares of the company’s stock worth $585,000 after purchasing an additional 52 shares during the last quarter. Finally, Howard Capital Management Inc. boosted its stake in RTX by 0.4% in the 4th quarter. Howard Capital Management Inc. now owns 12,340 shares of the company’s stock valued at $2,263,000 after purchasing an additional 53 shares during the period. 86.50% of the stock is owned by institutional investors.
RTX Stock Up 3.7%
RTX stock opened at $198.88 on Friday. The firm has a 50-day moving average price of $180.10 and a 200-day moving average price of $190.62. RTX Corporation has a 12 month low of $142.98 and a 12 month high of $214.50. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $267.83 billion, a P/E ratio of 37.31, a price-to-earnings-growth ratio of 2.72 and a beta of 0.30.
RTX Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be issued a dividend of $0.73 per share. The ex-dividend date is Friday, August 14th. This represents a $2.92 annualized dividend and a dividend yield of 1.5%. RTX’s dividend payout ratio is 54.78%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on RTX. Morgan Stanley reduced their target price on shares of RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Wells Fargo & Company assumed coverage on shares of RTX in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 price target on the stock. Erste Group Bank cut shares of RTX from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $240.00 price objective on shares of RTX in a report on Thursday, March 5th. Finally, Citigroup restated a “buy” rating on shares of RTX in a research report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $211.38.
RTX Profile
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.
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