Tudor Financial Inc. Takes Position in RTX Co. (NYSE:RTX)

Tudor Financial Inc. bought a new stake in shares of RTX Co. (NYSE:RTX - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,578 shares of the company's stock, valued at approximately $797,000.

Other large investors have also recently made changes to their positions in the company. Briaud Financial Planning Inc grew its stake in shares of RTX by 64.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company's stock worth $25,000 after acquiring an additional 100 shares during the period. MidAtlantic Capital Management Inc. bought a new position in shares of RTX during the 3rd quarter worth $29,000. Mizuho Securities Co. Ltd. bought a new position in shares of RTX during the 2nd quarter worth $32,000. Fairfield Financial Advisors LTD bought a new position in shares of RTX during the 2nd quarter worth $41,000. Finally, Western Pacific Wealth Management LP bought a new position in shares of RTX during the 3rd quarter worth $41,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Trading Down 0.8 %

RTX stock traded down $0.89 during trading hours on Thursday, reaching $116.05. The company had a trading volume of 3,812,698 shares, compared to its average volume of 6,496,271. 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 company has a 50-day moving average price of $121.79 and a 200 day moving average price of $115.32. The firm has a market cap of $154.46 billion, a price-to-earnings ratio of 33.41, a P/E/G ratio of 2.09 and a beta of 0.80. RTX Co. has a 12-month low of $79.67 and a 12-month high of $128.70.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.11. The business had revenue of $20.09 billion for the quarter, compared to analysts' expectations of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business's quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.25 EPS. Equities analysts forecast that RTX Co. will post 5.56 earnings per share for the current year.

RTX Announces Dividend

The firm 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 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 dividend yield of 2.17%. RTX's dividend payout ratio (DPR) is presently 72.00%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. StockNews.com upgraded RTX from a "hold" rating to a "buy" rating in a research note on Friday, September 6th. UBS Group raised their target price on RTX from $126.00 to $133.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. TD Cowen upgraded RTX to a "strong-buy" rating in a research note on Tuesday, October 8th. Morgan Stanley lifted their price target on RTX from $120.00 to $130.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company upgraded RTX from a "hold" rating to a "strong-buy" rating in a research report on Thursday, November 21st. Eight investment 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. According to MarketBeat, RTX has an average 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.