RTX Corporation (NYSE:RTX) Stock Position Raised by Calamos Advisors LLC

Calamos Advisors LLC increased its stake in RTX Corporation (NYSE:RTX - Free Report) by 0.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 515,896 shares of the company's stock after buying an additional 4,766 shares during the quarter. Calamos Advisors LLC's holdings in RTX were worth $68,336,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of RTX. Brighton Jones LLC increased its position in shares of RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock worth $1,969,000 after acquiring an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of RTX by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock worth $564,000 after acquiring an additional 159 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its position in shares of RTX by 47.4% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 2,922 shares of the company's stock worth $338,000 after acquiring an additional 939 shares during the last quarter. Assetmark Inc. increased its position in shares of RTX by 19.3% during the fourth quarter. Assetmark Inc. now owns 171,103 shares of the company's stock worth $19,800,000 after acquiring an additional 27,728 shares during the last quarter. Finally, SPC Financial Inc. purchased a new stake in shares of RTX during the fourth quarter worth about $230,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on RTX shares. JPMorgan Chase & Co. lowered their price objective on RTX from $150.00 to $145.00 and set an "overweight" rating for the company in a report on Monday, April 28th. UBS Group boosted their price objective on RTX from $133.00 to $138.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. The Goldman Sachs Group boosted their price objective on RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a report on Monday, June 23rd. DZ Bank raised RTX from a "sell" rating to a "hold" rating and set a $129.00 price objective for the company in a report on Friday, April 25th. Finally, Benchmark raised RTX from a "hold" rating to a "buy" rating and set a $140.00 price objective for the company in a report on Wednesday, May 14th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $161.12.

RTX Stock Performance

Shares of NYSE RTX traded up $1.28 during midday trading on Friday, hitting $145.80. 1,888,713 shares of the company's stock were exchanged, compared to its average volume of 5,348,312. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The stock's 50 day moving average price is $136.83 and its 200-day moving average price is $129.07. The firm has a market cap of $194.78 billion, a P/E ratio of 24.83, a PEG ratio of 2.63 and a beta of 0.64. RTX Corporation has a twelve month low of $99.42 and a twelve month high of $149.26.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.12. The business had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion. RTX had a return on equity of 12.71% and a net margin of 5.63%. Equities research analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.87%. RTX's dividend payout ratio is presently 79.77%.

Insider Activity at RTX

In other RTX news, EVP Dantaya M. Williams sold 16,922 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $137.62, for a total value of $2,328,805.64. Following the completion of the sale, the executive vice president directly owned 16,538 shares in the company, valued at $2,275,959.56. This represents a 50.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Amy L. Johnson sold 4,146 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total value of $528,780.84. Following the completion of the sale, the vice president owned 9,546 shares of the company's stock, valued at $1,217,496.84. This trade represents a 30.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.15% of the company's stock.

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.