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

Hantz Financial Services Inc. cut its holdings in RTX Co. (NYSE:RTX) by 9.9% during the 3rd quarter, Holdings Channel reports. The fund owned 109,715 shares of the company’s stock after selling 12,110 shares during the period. Hantz Financial Services Inc.’s holdings in RTX were worth $13,293,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. iA Global Asset Management Inc. lifted its position 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 purchasing an additional 414 shares in the last quarter. Cetera Investment Advisers increased its position in 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 raised its stake in shares of RTX by 102.9% in the first quarter. Cetera Advisors LLC now owns 136,140 shares of the company’s stock worth $13,278,000 after buying an additional 69,035 shares during the period. Cetera Advisor Networks LLC lifted its position in shares of RTX by 2.2% during the 1st quarter. Cetera Advisor Networks LLC now owns 170,775 shares of the company’s stock valued at $16,656,000 after buying an additional 3,641 shares in the last quarter. Finally, Soltis Investment Advisors LLC grew its stake in shares of RTX by 1.5% during the 1st quarter. Soltis Investment Advisors LLC now owns 13,413 shares of the company’s stock valued at $1,308,000 after acquiring an additional 197 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on RTX. Susquehanna lifted their price target on shares of RTX from $140.00 to $150.00 and gave the company a “positive” rating in a report on Wednesday, October 23rd. Citigroup raised their price objective on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Barclays upped their target price on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Wells Fargo & Company raised RTX from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 21st. Finally, UBS Group upped their price objective on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Eight analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.27.

RTX Stock Down 0.2 %

Shares of RTX opened at $120.34 on Friday. The business’s 50 day simple moving average is $122.24 and its 200-day simple moving average is $114.40. RTX Co. has a 1 year low of $79.57 and a 1 year high of $128.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The stock has a market capitalization of $160.17 billion, a price-to-earnings ratio of 34.38, a price-to-earnings-growth ratio of 2.13 and a beta of 0.82.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. During the same quarter last year, the business earned $1.25 earnings per share. RTX’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities analysts expect that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.09%. RTX’s 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.