Calamos Wealth Management LLC Acquires 2,806 Shares of RTX Corporation $RTX

Calamos Wealth Management LLC lifted its stake in shares of RTX Corporation (NYSE:RTX) by 28.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,687 shares of the company’s stock after purchasing 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 filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cornerstone Advisory LLC increased its holdings in shares of RTX by 0.9% during the second quarter. Cornerstone Advisory LLC now owns 7,490 shares of the company’s stock worth $1,094,000 after buying an additional 64 shares in the last quarter. Briaud Financial Planning Inc grew its holdings in shares of RTX by 25.4% during the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock worth $46,000 after purchasing an additional 65 shares during the last quarter. AssuredPartners Investment Advisors LLC increased its stake 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 period. Vista Investment Partners LLC raised its holdings in RTX by 0.7% in the 3rd quarter. Vista Investment Partners LLC now owns 9,929 shares of the company’s stock valued at $1,661,000 after buying an additional 65 shares during the last quarter. Finally, Carr Financial Group Corp boosted its position in RTX by 1.8% during the 3rd quarter. Carr Financial Group Corp now owns 3,831 shares of the company’s stock worth $641,000 after buying an additional 67 shares during the period. Institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on RTX shares. UBS Group lifted their price target on shares of RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $195.00 price target on shares of RTX in a research report on Wednesday, October 8th. The Goldman Sachs Group lifted their price objective on RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Robert W. Baird set a $203.00 price target on shares of RTX in a research note on Wednesday, October 22nd. Finally, Susquehanna upped their target price on RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $184.18.

Insider Buying and Selling

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

RTX Stock Down 0.3%

RTX stock opened at $183.93 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. The stock has a market cap of $246.61 billion, a PE ratio of 37.77, a price-to-earnings-growth ratio of 2.92 and a beta of 0.44. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $188.00. The firm’s 50-day simple moving average is $176.84 and its 200 day simple moving average is $162.89.

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

RTX Announces Dividend

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

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.