TCW Group Inc. Has $2.62 Million Position in RTX Corporation (NYSE:RTX)

TCW Group Inc. raised its stake in RTX Corporation (NYSE:RTX) by 6.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,761 shares of the company’s stock after buying an additional 1,135 shares during the quarter. TCW Group Inc.’s holdings in RTX were worth $2,618,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in RTX. MorganRosel Wealth Management LLC purchased a new stake in shares of RTX during the first quarter worth $26,000. 10Elms LLP purchased a new stake in shares of RTX during the 4th quarter worth about $29,000. Greenline Partners LLC acquired a new stake in shares of RTX during the 4th quarter valued at about $34,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of RTX during the 4th quarter valued at about $43,000. Finally, Capital A Wealth Management LLC bought a new stake in shares of RTX in the 4th quarter valued at approximately $45,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on RTX shares. Wells Fargo & Company raised their price objective on shares of RTX from $136.00 to $144.00 and gave the company an “overweight” rating in a research report on Tuesday, April 15th. Royal Bank Of Canada restated an “outperform” rating and set a $170.00 price target (up previously from $165.00) on shares of RTX in a report on Wednesday. Wall Street Zen lowered shares of RTX from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. Citigroup increased their target price on shares of RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Finally, UBS Group boosted their price target on RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Six analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $155.69.

RTX Price Performance

Shares of RTX stock opened at $156.86 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The company has a market cap of $209.96 billion, a PE ratio of 34.47, a price-to-earnings-growth ratio of 2.89 and a beta of 0.64. The firm has a fifty day moving average price of $143.48 and a two-hundred day moving average price of $133.04. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $157.33.

RTX (NYSE:RTX) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $20.68 billion. During the same quarter last year, the company earned $1.41 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. Analysts expect that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.73%. RTX’s dividend payout ratio is presently 59.78%.

Insider Activity at RTX

In other news, VP Amy L. Johnson sold 4,146 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total transaction of $528,780.84. Following the completion of the transaction, the vice president directly owned 9,546 shares of the company’s stock, valued at approximately $1,217,496.84. This trade represents a 30.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ramsaran Maharajh sold 1,462 shares of RTX stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total transaction of $222,604.12. Following the sale, the executive vice president owned 13,184 shares in the company, valued at approximately $2,007,395.84. This trade represents a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,530 shares of company stock worth $3,080,191. 0.15% of the stock is owned by corporate insiders.

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.