Legacy Advisors LLC Buys New Stake in RTX Co. (NYSE:RTX)

Legacy Advisors LLC bought a new stake in shares of RTX Co. (NYSE:RTXFree Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,574 shares of the company’s stock, valued at approximately $217,000.

Other institutional investors also recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC grew its stake in shares of RTX by 26.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 140,022 shares of the company’s stock worth $10,077,000 after buying an additional 28,910 shares in the last quarter. TCW Group Inc. bought a new position in RTX during the 4th quarter valued at about $1,912,000. Mather Group LLC. grew its holdings in RTX by 8.5% during the 4th quarter. Mather Group LLC. now owns 13,703 shares of the company’s stock valued at $1,153,000 after purchasing an additional 1,079 shares during the last quarter. Rockline Wealth Management LLC bought a new position in RTX during the 4th quarter valued at about $2,438,000. Finally, AllGen Financial Advisors Inc. grew its holdings in RTX by 12.8% during the 4th quarter. AllGen Financial Advisors Inc. now owns 32,325 shares of the company’s stock valued at $2,720,000 after purchasing an additional 3,657 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Stock Performance

RTX stock traded up $0.90 during mid-day trading on Thursday, reaching $105.47. 461,904 shares of the company traded hands, compared to its average volume of 7,649,077. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 0.79. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $107.82. The company has a market capitalization of $140.22 billion, a price-to-earnings ratio of 41.27, a price-to-earnings-growth ratio of 1.85 and a beta of 0.84. The firm’s fifty day moving average is $101.71 and its two-hundred day moving average is $91.83.

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

RTX Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 17th will be paid a $0.63 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.39%. This is a positive change from RTX’s previous quarterly dividend of $0.59. RTX’s dividend payout ratio is presently 98.82%.

Analysts Set New Price Targets

RTX has been the topic of several analyst reports. Robert W. Baird upped their price target on shares of RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Barclays boosted their price objective on shares of RTX from $90.00 to $100.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 30th. Susquehanna upped their price target on shares of RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a research report on Wednesday, April 24th. TD Cowen upped their price target 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. Finally, Wells Fargo & Company upped their price target on shares of RTX from $119.00 to $141.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. 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. According to data from MarketBeat.com, RTX currently has a consensus rating of “Hold” and a consensus price target of $98.33.

Get Our Latest Stock Analysis on RTX

Insider Transactions at RTX

In related news, CEO Gregory Hayes sold 89,762 shares of the stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the sale, the chief executive officer now directly owns 636,759 shares of the company’s stock, valued at $64,592,832.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Gregory Hayes sold 89,762 shares of the stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the sale, the chief executive officer now directly owns 636,759 shares of the company’s stock, valued at $64,592,832.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen J. Timm sold 19,880 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $105.72, for a total transaction of $2,101,713.60. Following the sale, the insider now directly owns 149,050 shares in the company, valued at $15,757,566. The disclosure for this sale can be found here. Insiders have sold 120,042 shares of company stock worth $12,266,459 over the last 90 days. 0.13% of the stock is currently owned by company insiders.

RTX Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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