Corsair Capital Management L.P. Has $593,000 Holdings in RTX Co. (NYSE:RTX)

Corsair Capital Management L.P. increased its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 4,798.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,898 shares of the company's stock after purchasing an additional 4,798 shares during the period. Corsair Capital Management L.P.'s holdings in RTX were worth $593,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of RTX. Tidal Investments LLC lifted its position in shares of RTX by 58.9% during the 1st quarter. Tidal Investments LLC now owns 40,425 shares of the company's stock worth $3,943,000 after buying an additional 14,991 shares during the last quarter. iA Global Asset Management Inc. boosted its holdings in RTX by 3.9% in the first quarter. iA Global Asset Management Inc. now owns 10,997 shares of the company's stock worth $1,073,000 after acquiring an additional 414 shares in the last quarter. Strategic Wealth Partners Ltd. lifted its holdings in shares of RTX by 10.8% in the first quarter. Strategic Wealth Partners Ltd. now owns 86,450 shares of the company's stock valued at $8,431,000 after purchasing an additional 8,416 shares in the last quarter. LRI Investments LLC bought a new position in shares of RTX in the first quarter valued at approximately $6,574,000. Finally, Sanibel Captiva Trust Company Inc. lifted its holdings in RTX by 2.8% during the first quarter. Sanibel Captiva Trust Company Inc. now owns 119,346 shares of the company's stock worth $11,640,000 after acquiring an additional 3,306 shares during the period. Institutional investors own 86.50% of the company's stock.

RTX Stock Performance

Shares of RTX stock traded down $0.27 on Wednesday, reaching $120.34. 3,271,575 shares of the company were exchanged, compared to its average volume of 6,596,955. RTX Co. has a 1-year low of $79.57 and a 1-year high of $128.70. The firm has a market cap of $160.17 billion, a price-to-earnings ratio of 34.48, a P/E/G ratio of 2.10 and a beta of 0.82. The company's 50-day moving average is $122.19 and its two-hundred day moving average is $114.36. 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 - Get Free Report) last released its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.34 by $0.11. The company had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company'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 earned $1.25 earnings per share. As a group, research analysts expect that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently announced 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. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Friday, November 15th. RTX's dividend payout ratio (DPR) is currently 72.00%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on RTX shares. Citigroup raised their target price on RTX from $122.00 to $132.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. UBS Group lifted their price target on RTX from $126.00 to $133.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. Royal Bank of Canada boosted their target price on RTX from $115.00 to $130.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 23rd. Bank of America raised RTX from a "neutral" rating to a "buy" rating and boosted their target price for the company from $110.00 to $140.00 in a research note on Wednesday, July 31st. Finally, Morgan Stanley increased their price objective on RTX from $120.00 to $130.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 23rd. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $177.27.

RTX 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.