RTX Co. (NYSE:RTX) Shares Sold by Narwhal Capital Management

Narwhal Capital Management cut its position in shares of RTX Co. (NYSE:RTX) by 2.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 67,461 shares of the company’s stock after selling 1,810 shares during the quarter. Narwhal Capital Management’s holdings in RTX were worth $6,772,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of RTX. Gryphon Financial Partners LLC acquired a new position in RTX during the fourth quarter worth about $474,000. Principal Securities Inc. acquired a new position in shares of RTX during the 4th quarter worth approximately $1,685,000. Northwest Financial Advisors purchased a new stake in RTX in the 4th quarter valued at approximately $96,000. Johnson Investment Counsel Inc. grew its holdings in RTX by 5.1% during the 4th quarter. Johnson Investment Counsel Inc. now owns 32,486 shares of the company’s stock valued at $2,733,000 after buying an additional 1,574 shares during the last quarter. Finally, JFS Wealth Advisors LLC raised its holdings in shares of RTX by 8.8% in the fourth quarter. JFS Wealth Advisors LLC now owns 4,126 shares of the company’s stock worth $347,000 after acquiring an additional 332 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Christopher T. Calio sold 4,235 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $114.00, for a total value of $482,790.00. Following the sale, the chief executive officer now owns 88,509 shares in the company, valued at approximately $10,090,026. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Chairman Gregory Hayes sold 134,887 shares of RTX stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $117.74, for a total value of $15,881,595.38. Following the completion of the transaction, the chairman now directly owns 566,723 shares of the company’s stock, valued at approximately $66,725,966.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher T. Calio sold 4,235 shares of RTX stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $114.00, for a total value of $482,790.00. Following the completion of the transaction, the chief executive officer now owns 88,509 shares of the company’s stock, valued at $10,090,026. The disclosure for this sale can be found here. Insiders sold a total of 178,333 shares of company stock valued at $20,861,880 in the last ninety days. Corporate insiders own 0.13% of the company’s stock.

RTX Stock Down 1.0 %

Shares of NYSE RTX opened at $118.47 on Friday. The firm has a market cap of $157.59 billion, a price-to-earnings ratio of 46.46, a PEG ratio of 2.13 and a beta of 0.82. RTX Co. has a 1 year low of $68.56 and a 1 year high of $123.70. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.99. The stock’s 50-day simple moving average is $112.14 and its 200-day simple moving average is $104.23.

RTX (NYSE:RTX) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.11. The company had revenue of $19.72 billion for the quarter, compared to the consensus estimate of $19.29 billion. RTX had a return on equity of 11.37% and a net margin of 3.12%. RTX’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.29 EPS. As a group, equities analysts anticipate that RTX Co. will post 5.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wells Fargo & Company dropped their price objective on RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Melius Research boosted their price target on RTX from $490.00 to $493.00 in a report on Wednesday, July 24th. JPMorgan Chase & Co. upped their target price on RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Royal Bank of Canada raised their price target on RTX from $102.00 to $115.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. Finally, Bank of America upgraded shares of RTX from a “neutral” rating to a “buy” rating and boosted their target price for the company from $110.00 to $140.00 in a report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $153.47.

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.