Centaurus Financial Inc. Decreases Holdings in RTX Co. (NYSE:RTX)

Centaurus Financial Inc. lowered its stake in RTX Co. (NYSE:RTX) by 36.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 12,356 shares of the company’s stock after selling 7,036 shares during the period. Centaurus Financial Inc.’s holdings in RTX were worth $1,497,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RTX. Briaud Financial Planning Inc increased its position in shares of RTX by 64.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Lynx Investment Advisory bought a new position in RTX during the second quarter valued at $26,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of RTX in the third quarter valued at $29,000. Mizuho Securities Co. Ltd. bought a new stake in shares of RTX in the 2nd quarter worth about $32,000. Finally, Fairfield Financial Advisors LTD purchased a new position in shares of RTX during the 2nd quarter worth about $41,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on RTX. The Goldman Sachs Group increased their price objective on shares of RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Morgan Stanley raised their price target on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upgraded RTX from a “sell” rating to a “hold” rating and boosted their price objective for the company from $109.00 to $129.00 in a report on Thursday, October 3rd. Susquehanna increased their target price on RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a research note on Wednesday, October 23rd. Finally, Alembic Global Advisors raised shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 target price for the company in a research note on Tuesday, July 30th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, RTX currently has an average rating of “Moderate Buy” and a consensus target price of $177.27.

RTX Trading Up 0.2 %

NYSE:RTX opened at $120.77 on Monday. The firm has a 50-day simple moving average of $122.17 and a 200-day simple moving average of $114.17. RTX Co. has a one year low of $79.13 and a one year high of $128.70. The firm has a market cap of $160.75 billion, a P/E ratio of 34.51, a P/E/G ratio of 2.14 and a beta of 0.82. 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 (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 company had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. RTX’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.25 earnings per share. Equities analysts anticipate that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s payout ratio is currently 72.00%.

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.