Courier Capital LLC Has $4.68 Million Position in RTX Co. (NYSE:RTX)

Courier Capital LLC grew its stake in shares of RTX Co. (NYSE:RTX) by 17.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 55,622 shares of the company’s stock after buying an additional 8,444 shares during the period. Courier Capital LLC’s holdings in RTX were worth $4,680,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Strengthening Families & Communities LLC acquired a new position in shares of RTX during the third quarter valued at about $28,000. Quarry LP acquired a new position in shares of RTX during the first quarter valued at about $28,000. Financial Gravity Asset Management Inc. raised its position in shares of RTX by 352.0% during the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock valued at $32,000 after buying an additional 345 shares during the last quarter. Valley National Advisers Inc. increased its stake in RTX by 37.4% in the third quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock valued at $34,000 after acquiring an additional 127 shares during the period. Finally, Legacy Financial Group LLC bought a new stake in RTX in the third quarter valued at about $35,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Price Performance

RTX opened at $97.45 on Thursday. RTX Co. has a one year low of $68.56 and a one year high of $104.91. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 0.78. The company’s 50 day simple moving average is $91.16 and its 200-day simple moving average is $83.42. The stock has a market capitalization of $129.57 billion, a P/E ratio of 43.50, a price-to-earnings-growth ratio of 1.75 and a beta of 0.87.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.04. RTX had a net margin of 4.64% and a return on equity of 10.34%. The business had revenue of $19.93 billion for the quarter, compared to analyst estimates of $19.74 billion. During the same period in the prior year, the business posted $1.27 earnings per share. RTX’s revenue was up 10.1% compared to the same quarter last year. Sell-side analysts anticipate that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were issued a $0.59 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 annualized dividend and a yield of 2.42%. RTX’s dividend payout ratio is currently 105.36%.

Analysts Set New Price Targets

RTX has been the topic of a number of analyst reports. Wells Fargo & Company raised shares of RTX from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $100.00 to $120.00 in a research note on Thursday, March 14th. UBS Group upped their target price on shares of RTX from $93.00 to $96.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. TheStreet raised shares of RTX from a “c” rating to a “b-” rating in a research note on Tuesday, January 23rd. Barclays upped their target price on shares of RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Finally, Royal Bank of Canada upped their target price on shares of RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a research note on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, RTX currently has a consensus rating of “Hold” and an average target price of $95.12.

Insider Activity at RTX

In related news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total value of $142,696.20. Following the transaction, the chief financial officer now directly owns 49,894 shares in the company, valued at $4,608,209.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other RTX news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total value of $142,696.20. Following the sale, the chief financial officer now directly owns 49,894 shares in the company, valued at $4,608,209.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Christopher T. Calio sold 367 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total transaction of $33,995.21. Following the completion of the sale, the chief operating officer now owns 56,707 shares in the company, valued at $5,252,769.41. The disclosure for this sale can be found here. Insiders have sold 37,785 shares of company stock worth $3,448,188 over the last ninety days. 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.