Hantz Financial Services Inc. Sells 12,110 Shares of RTX Co. (NYSE:RTX)

Hantz Financial Services Inc. trimmed its stake in shares of RTX Co. (NYSE:RTX) by 9.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 109,715 shares of the company’s stock after selling 12,110 shares during the quarter. Hantz Financial Services Inc.’s holdings in RTX were worth $13,293,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. iA Global Asset Management Inc. grew its stake in RTX by 3.9% during the first quarter. iA Global Asset Management Inc. now owns 10,997 shares of the company’s stock valued at $1,073,000 after acquiring an additional 414 shares in the last quarter. Cetera Investment Advisers raised its position in shares of RTX by 174.0% in the first quarter. Cetera Investment Advisers now owns 365,483 shares of the company’s stock worth $35,646,000 after buying an additional 232,103 shares in the last quarter. Cetera Advisors LLC boosted its stake in RTX by 102.9% during the first quarter. Cetera Advisors LLC now owns 136,140 shares of the company’s stock valued at $13,278,000 after buying an additional 69,035 shares during the period. Cetera Advisor Networks LLC grew its position in RTX by 2.2% during the first quarter. Cetera Advisor Networks LLC now owns 170,775 shares of the company’s stock worth $16,656,000 after buying an additional 3,641 shares in the last quarter. Finally, Soltis Investment Advisors LLC increased its stake in RTX by 1.5% in the 1st quarter. Soltis Investment Advisors LLC now owns 13,413 shares of the company’s stock worth $1,308,000 after acquiring an additional 197 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RTX. Susquehanna lifted their price target on RTX from $140.00 to $150.00 and gave the company a “positive” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada raised their price objective on RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. Citigroup boosted their price target on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Wells Fargo & Company raised RTX from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. Finally, Morgan Stanley increased their target price on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $177.27.

RTX Price Performance

RTX stock opened at $120.34 on Friday. The firm has a 50 day moving average price of $122.24 and a 200-day moving average price of $114.40. The firm has a market capitalization of $160.17 billion, a price-to-earnings ratio of 34.38, a PEG ratio of 2.13 and a beta of 0.82. RTX Co. has a 52-week low of $79.57 and a 52-week high of $128.70. 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 posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. The firm had revenue of $20.09 billion for the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.25 earnings per share. Equities research analysts forecast that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Announces Dividend

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