Calamos Wealth Management LLC Has $2.12 Million Holdings in RTX Corporation $RTX

Calamos Wealth Management LLC lifted its position in RTX Corporation (NYSE:RTX) by 28.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,687 shares of the company’s stock after buying an additional 2,806 shares during the quarter. Calamos Wealth Management LLC’s holdings in RTX were worth $2,123,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of RTX. Cornerstone Advisory LLC lifted its stake in RTX by 0.9% in the 2nd quarter. Cornerstone Advisory LLC now owns 7,490 shares of the company’s stock valued at $1,094,000 after purchasing an additional 64 shares during the last quarter. Briaud Financial Planning Inc raised its stake in RTX by 25.4% in the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock valued at $46,000 after buying an additional 65 shares during the period. AssuredPartners Investment Advisors LLC lifted its position in shares of RTX by 2.4% in the third quarter. AssuredPartners Investment Advisors LLC now owns 2,816 shares of the company’s stock valued at $471,000 after buying an additional 65 shares during the last quarter. Vista Investment Partners LLC boosted its stake in shares of RTX by 0.7% during the 3rd quarter. Vista Investment Partners LLC now owns 9,929 shares of the company’s stock worth $1,661,000 after acquiring an additional 65 shares during the period. Finally, Carr Financial Group Corp raised its stake in RTX by 1.8% in the 3rd quarter. Carr Financial Group Corp now owns 3,831 shares of the company’s stock valued at $641,000 after acquiring an additional 67 shares during the period. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

Shares of NYSE RTX opened at $183.93 on Wednesday. The business has a fifty day moving average price of $176.84 and a two-hundred day moving average price of $162.89. The stock has a market capitalization of $246.61 billion, a PE ratio of 37.77, a P/E/G ratio of 2.92 and a beta of 0.44. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $188.00.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.The business had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. During the same quarter in the previous year, the firm earned $1.45 earnings per share. RTX’s revenue for the quarter was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, equities analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Friday, November 21st were given a dividend of $0.68 per share. The ex-dividend date was Friday, November 21st. This represents a $2.72 annualized dividend and a dividend yield of 1.5%. RTX’s dividend payout ratio (DPR) is currently 55.85%.

Insider Transactions at RTX

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $180.15, for a total transaction of $873,547.35. Following the completion of the transaction, the executive vice president directly owned 59,556 shares in the company, valued at $10,729,013.40. The trade was a 7.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.15% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Citigroup started coverage on shares of RTX in a research report on Thursday, December 11th. They set a “buy” rating and a $211.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on shares of RTX from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. BNP Paribas raised shares of RTX to a “strong-buy” rating in a report on Tuesday, November 18th. Sanford C. Bernstein upped their target price on RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research report on Monday, October 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $195.00 target price on shares of RTX in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $184.18.

RTX Company Profile

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.