MQS Management LLC Has $273,000 Holdings in RTX Co. (NYSE:RTX)

MQS Management LLC lowered its position in shares of RTX Co. (NYSE:RTX - Free Report) by 74.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,255 shares of the company's stock after selling 6,490 shares during the quarter. MQS Management LLC's holdings in RTX were worth $273,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Briaud Financial Planning Inc lifted its holdings in 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 buying an additional 100 shares in the last quarter. Lynx Investment Advisory acquired a new position in shares of RTX during the 2nd quarter worth about $26,000. Mizuho Securities Co. Ltd. acquired a new stake in RTX in the 2nd quarter valued at about $32,000. Fairfield Financial Advisors LTD acquired a new stake in shares of RTX in the 2nd quarter worth $41,000. Finally, Western Pacific Wealth Management LP purchased a new stake in shares of RTX during the 3rd quarter valued at approximately $41,000. Institutional investors own 86.50% of the company's stock.

RTX Stock Performance

RTX stock traded down $1.15 during trading on Friday, reaching $117.77. 2,143,604 shares of the stock were exchanged, compared to its average volume of 6,647,882. The company has a market capitalization of $156.75 billion, a P/E ratio of 33.98, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. RTX Co. has a twelve month low of $78.00 and a twelve month high of $128.70. The stock has a 50 day simple moving average of $122.20 and a 200-day simple moving average of $113.28.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.34 by $0.11. The business had revenue of $20.09 billion during the quarter, compared to analyst estimates 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 last year, the business posted $1.25 earnings per share. As a group, sell-side analysts anticipate that RTX Co. will post 5.56 earnings per share for the current year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be paid a $0.63 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.14%. RTX's dividend payout ratio (DPR) is presently 72.00%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on RTX shares. Deutsche Bank Aktiengesellschaft raised RTX from a "sell" rating to a "hold" rating and increased their target price for the stock from $109.00 to $129.00 in a research note on Thursday, October 3rd. The Goldman Sachs Group upped their price objective on RTX from $94.00 to $104.00 and gave the company a "neutral" rating in a research note on Monday, July 29th. UBS Group increased their price target on shares of RTX from $126.00 to $133.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. TD Cowen raised shares of RTX to a "strong-buy" rating in a research note on Tuesday, October 8th. Finally, Susquehanna raised 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. Ten research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $177.27.

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.