Truist Financial Corp Has $259.37 Million Holdings in RTX Co. (NYSE:RTX)

Truist Financial Corp lessened its position in shares of RTX Co. (NYSE:RTX) by 0.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,241,341 shares of the company’s stock after selling 672 shares during the quarter. Truist Financial Corp’s holdings in RTX were worth $259,368,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RTX. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX during the 3rd quarter worth approximately $29,000. Modus Advisors LLC acquired a new stake in shares of RTX during the 4th quarter worth approximately $39,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of RTX during the 4th quarter worth approximately $40,000. Western Pacific Wealth Management LP acquired a new stake in shares of RTX during the 3rd quarter worth approximately $41,000. Finally, Iron Horse Wealth Management LLC grew its position in shares of RTX by 296.8% during the 4th quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock worth $43,000 after buying an additional 279 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Down 2.5 %

NYSE RTX opened at $122.68 on Monday. The stock has a market capitalization of $163.42 billion, a price-to-earnings ratio of 34.56, a PEG ratio of 2.17 and a beta of 0.82. RTX Co. has a one year low of $88.90 and a one year high of $132.43. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The business’s fifty day moving average is $120.79 and its 200-day moving average is $120.68.

RTX (NYSE:RTX) last released its earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Equities research analysts predict that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.05%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Analyst Ratings Changes

RTX has been the subject of several research reports. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and lifted their price target for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. Vertical Research raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Barclays lifted their price target on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Susquehanna lifted their price target on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and lifted their price target for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $163.07.

Insider Buying and Selling at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the sale, the executive vice president now directly owns 44,415 shares in the company, valued at $5,739,750.45. This represents a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.13% of the company’s stock.

About RTX

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.