RTX Co. (NYSE:RTX) Stock Position Raised by Advisory Alpha LLC

Advisory Alpha LLC grew its position in shares of RTX Co. (NYSE:RTX) by 2.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,992 shares of the company’s stock after buying an additional 179 shares during the quarter. Advisory Alpha LLC’s holdings in RTX were worth $877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Grandfield & Dodd LLC raised its holdings in shares of RTX by 4.9% during the 1st quarter. Grandfield & Dodd LLC now owns 358,529 shares of the company’s stock valued at $34,967,000 after purchasing an additional 16,604 shares in the last quarter. Financial Council LLC acquired a new stake in shares of RTX in the first quarter worth about $208,000. Broderick Brian C boosted its stake in shares of RTX by 8.9% during the 1st quarter. Broderick Brian C now owns 117,612 shares of the company’s stock worth $11,471,000 after acquiring an additional 9,620 shares in the last quarter. Biechele Royce Advisors acquired a new position in shares of RTX during the 1st quarter valued at about $248,000. Finally, Howland Capital Management LLC raised its stake in shares of RTX by 63.0% in the 1st quarter. Howland Capital Management LLC now owns 20,929 shares of the company’s stock valued at $2,041,000 after acquiring an additional 8,092 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In other news, CEO Gregory Hayes sold 89,762 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $101.44, for a total value of $9,105,457.28. Following the sale, the chief executive officer now owns 636,759 shares in the company, valued at approximately $64,592,832.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Gregory Hayes sold 89,762 shares of RTX stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $101.44, for a total value of $9,105,457.28. Following the completion of the transaction, the chief executive officer now owns 636,759 shares in the company, valued at $64,592,832.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen J. Timm sold 19,880 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $105.72, for a total value of $2,101,713.60. Following the sale, the insider now owns 149,050 shares in the company, valued at $15,757,566. The disclosure for this sale can be found here. Insiders have sold 119,937 shares of company stock worth $12,256,952 over the last three months. Company insiders own 0.13% of the company’s stock.

RTX Stock Performance

RTX stock traded up $0.20 on Friday, hitting $101.92. The company’s stock had a trading volume of 437,847 shares, compared to its average volume of 7,455,959. The company has a fifty day moving average price of $104.24 and a 200-day moving average price of $96.64. The firm has a market cap of $135.50 billion, a P/E ratio of 39.90, a price-to-earnings-growth ratio of 1.79 and a beta of 0.82. RTX Co. has a one year low of $68.56 and a one year high of $108.65. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.68.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.11. The firm had revenue of $19.30 billion during the quarter, compared to analyst estimates of $18.44 billion. RTX had a net margin of 4.90% and a return on equity of 10.81%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.22 earnings per share. On average, equities analysts anticipate that RTX Co. will post 5.4 earnings per share for the current year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Friday, August 16th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.47%. The ex-dividend date is Friday, August 16th. RTX’s dividend payout ratio is 98.82%.

Analysts Set New Price Targets

Several equities analysts have commented on RTX shares. Bank of America increased their price target on RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. TD Cowen boosted their target price on shares of RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 19th. Susquehanna upped their price target on shares of RTX from $110.00 to $119.00 and gave the company a “positive” rating in a report on Wednesday, April 24th. Wells Fargo & Company lifted their price objective on RTX from $119.00 to $141.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. Finally, Citigroup increased their target price on RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $98.33.

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.