WP Advisors LLC Acquires Shares of 1,964 RTX Co. (NYSE:RTX)

WP Advisors LLC acquired a new stake in RTX Co. (NYSE:RTX) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 1,964 shares of the company’s stock, valued at approximately $227,000.

A number of other hedge funds have also recently bought and sold shares of RTX. MidAtlantic Capital Management Inc. bought a new position in RTX in the 3rd quarter valued at $29,000. Modus Advisors LLC acquired a new position in shares of RTX in the 4th quarter valued at $39,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of RTX in the 4th quarter valued at $40,000. Western Pacific Wealth Management LP acquired a new position in shares of RTX in the 3rd quarter valued at $41,000. Finally, Iron Horse Wealth Management LLC lifted its stake in shares of RTX by 296.8% in the 4th quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock valued at $43,000 after purchasing an additional 279 shares during the period. 86.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on RTX shares. Argus raised RTX from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. StockNews.com downgraded RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and increased their price target for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Susquehanna increased their price target on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. increased their price target on RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $163.07.

RTX Stock Performance

RTX opened at $125.25 on Friday. The business’s 50-day moving average price is $121.38 and its two-hundred day moving average price is $120.83. RTX Co. has a 1 year low of $88.90 and a 1 year high of $132.43. The company has a market capitalization of $166.85 billion, a price-to-earnings ratio of 35.28, a P/E/G ratio of 2.12 and a beta of 0.82. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74.

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

RTX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio is 70.99%.

Insider Buying and Selling at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total value of $1,813,226.13. Following the completion of the transaction, the executive vice president now owns 44,415 shares in the company, valued at $5,739,750.45. This trade represents a 24.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company 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.