Danica Pension Livsforsikringsaktieselskab Acquires New Position in RTX Corporation $RTX

Danica Pension Livsforsikringsaktieselskab bought a new position in RTX Corporation (NYSE:RTX) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 93,385 shares of the company’s stock, valued at approximately $18,014,000.

A number of other large investors have also made changes to their positions in RTX. World Investment Advisors grew its position in RTX by 8.7% in the fourth quarter. World Investment Advisors now owns 62,448 shares of the company’s stock worth $11,453,000 after acquiring an additional 5,020 shares during the period. Milestone Asset Management Group LLC grew its holdings in shares of RTX by 34.7% during the 4th quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company’s stock worth $5,504,000 after purchasing an additional 7,738 shares during the period. New Age Alpha Advisors LLC acquired a new stake in shares of RTX during the 4th quarter worth about $2,308,000. Truist Financial Corp raised its holdings in RTX by 2.3% in the 4th quarter. Truist Financial Corp now owns 2,315,021 shares of the company’s stock valued at $424,575,000 after buying an additional 53,045 shares during the period. Finally, Wealth Science Advisors LLC acquired a new position in RTX in the fourth quarter valued at about $1,439,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Citigroup reissued a “buy” rating on shares of RTX in a research note on Wednesday, June 17th. Wall Street Zen cut RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. Erste Group Bank cut RTX from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings downgraded RTX from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Finally, Dbs Bank raised RTX from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $211.38.

RTX Stock Performance

Shares of RTX stock opened at $193.63 on Wednesday. The company has a market cap of $260.76 billion, a P/E ratio of 36.33, a PEG ratio of 2.66 and a beta of 0.30. The firm has a fifty day moving average price of $185.24 and a 200 day moving average price of $191.81. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48. RTX Corporation has a 12 month low of $143.56 and a 12 month high of $214.50.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.26. The firm had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.The firm’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.47 earnings per share. Sell-side analysts predict that RTX Corporation will post 6.92 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be issued a $0.73 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.92 annualized dividend and a dividend yield of 1.5%. RTX’s dividend payout ratio is presently 54.78%.

RTX News Roundup

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon UK, part of RTX, won a £2 billion, 15-year British Army collective training contract, adding a large long-term defense revenue stream. RTX (RTX) Could Be 10% Undervalued After The British Army Training Contract
• Positive Sentiment: RTX’s Raytheon unit received a $1.8 billion contract extension for SPY-6 radar production and sustainment for the U.S. Navy, reinforcing defense demand and backlog strength. RTX’s Raytheon awarded $1.8 billion hardware production and sustainment contract for SPY-6 family of radars
• Positive Sentiment: Pratt & Whitney Canada announced a C$275 million investment in its Longueuil facility, with government support, which should help expand manufacturing capacity and long-term production efficiency. RTX’s Pratt & Whitney Canada to invest $275 million CAD in Longueuil facility, with support from the Canadian and Quebec governments
• Positive Sentiment: Pratt & Whitney GTF engines were selected for 15 additional Tigerair Taiwan A321neo aircraft, and BOC Aviation confirmed an order for up to 220 GTF engines, both of which add to future engine sales and services revenue. RTX’s Pratt & Whitney GTF™ engines to power 15 additional Tigerair Taiwan A320neo family aircraft BOC Aviation confirms order for up to 220 engines from RTX’s Pratt & Whitney
• Positive Sentiment: British Airways selected RTX’s Pratt & Whitney GTF engines for up to 63 A320neo aircraft, with a long-term maintenance agreement that should support recurring aftermarket revenue. British Airways selects RTX’s Pratt & Whitney GTF™ engines to power up to 63 Airbus A320neo aircraft
• Positive Sentiment: RTX also announced a nacelle MRO joint venture in Abu Dhabi with Etihad Engineering, expanding its maintenance footprint in a growing market. RTX’s Collins Aerospace and Etihad Engineering create nacelle MRO joint venture
• Neutral Sentiment: RTX heads into upcoming Q2 earnings with analysts expecting revenue and EPS growth, supported by a strong backlog and continued aerospace/defense demand. Should You Buy, Hold or Sell RTX Stock Ahead of Q2 Earnings?

RTX 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.