RTX Co. (NYSE:RTX) Short Interest Update

RTX Co. (NYSE:RTX - Get Free Report) was the recipient of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 10,680,000 shares, a drop of 27.1% from the November 15th total of 14,650,000 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,020,000 shares, the short-interest ratio is currently 2.1 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. StockNews.com upgraded RTX from a "hold" rating to a "buy" rating in a research report on Friday, September 6th. Royal Bank of Canada raised 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. Wells Fargo & Company upgraded shares of RTX from a "hold" rating to a "strong-buy" rating in a research report on Thursday, November 21st. UBS Group raised their price objective on shares of RTX from $126.00 to $133.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. Finally, Citigroup boosted their target price on shares of RTX from $122.00 to $132.00 and gave the stock a "neutral" rating in a report on Thursday, October 10th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $177.27.

Institutional Trading of RTX

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its position in RTX by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company's stock worth $3,290,622,000 after acquiring an additional 508,344 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of RTX by 4.8% during the 3rd quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company's stock worth $2,238,004,000 after purchasing an additional 852,183 shares during the last quarter. Legal & General Group Plc boosted its stake in RTX by 4.4% during the 2nd quarter. Legal & General Group Plc now owns 8,577,770 shares of the company's stock valued at $861,122,000 after purchasing an additional 362,340 shares during the period. Ameriprise Financial Inc. grew its holdings in RTX by 5.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,284,944 shares of the company's stock valued at $831,740,000 after buying an additional 408,551 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in RTX by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,444,471 shares of the company's stock worth $747,347,000 after buying an additional 417,789 shares during the period. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Stock Up 1.5 %

NYSE RTX traded up $1.71 on Friday, reaching $117.76. The stock had a trading volume of 5,060,054 shares, compared to its average volume of 6,490,409. 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 has a 1 year low of $79.67 and a 1 year high of $128.70. The business has a 50 day moving average price of $121.64 and a 200 day moving average price of $115.33. The company has a market capitalization of $156.74 billion, a price-to-earnings ratio of 33.27, a P/E/G ratio of 2.07 and a beta of 0.80.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.11. The firm had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The firm's revenue 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. On average, analysts forecast that RTX will post 5.56 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Friday, November 15th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend was Friday, November 15th. RTX's payout ratio is 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.

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