RTX Co. (NYSE:RTX) Position Boosted by Birmingham Capital Management Co. Inc. AL

Birmingham Capital Management Co. Inc. AL grew its holdings in shares of RTX Co. (NYSE:RTXFree Report) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,275 shares of the company’s stock after purchasing an additional 1,300 shares during the period. RTX makes up 1.8% of Birmingham Capital Management Co. Inc. AL’s portfolio, making the stock its 19th biggest holding. Birmingham Capital Management Co. Inc. AL’s holdings in RTX were worth $4,567,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Bear Mountain Capital Inc. acquired a new position in shares of RTX in the fourth quarter worth about $25,000. Planned Solutions Inc. acquired a new position in shares of RTX in the fourth quarter worth about $30,000. Financial Gravity Asset Management Inc. boosted its holdings in shares of RTX by 352.0% in the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock worth $32,000 after buying an additional 345 shares during the period. Valley National Advisers Inc. boosted its holdings in shares of RTX by 37.4% in the third quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock worth $34,000 after buying an additional 127 shares during the period. Finally, Tennessee Valley Asset Management Partners acquired a new position in shares of RTX in the fourth quarter worth about $38,000. Institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Citigroup raised their target price on shares of RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. UBS Group raised their price target on shares of RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Bank of America raised their price target on shares of RTX from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Susquehanna raised their price target on shares of RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a report on Wednesday, April 24th. Finally, Wells Fargo & Company raised their price target on shares of RTX from $119.00 to $141.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, RTX currently has a consensus rating of “Hold” and an average price target of $98.33.

Get Our Latest Stock Report on RTX

RTX Stock Performance

Shares of RTX stock traded down $0.80 during trading on Friday, reaching $104.23. The company had a trading volume of 4,912,180 shares, compared to its average volume of 7,492,552. The firm’s 50 day simple moving average is $103.95 and its two-hundred day simple moving average is $93.82. 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 one year low of $68.56 and a one year high of $108.65. The company has a market capitalization of $138.57 billion, a PE ratio of 40.86, a PEG ratio of 1.87 and a beta of 0.83.

RTX (NYSE:RTXGet Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. RTX had a return on equity of 10.81% and a net margin of 4.90%. The business had revenue of $19.30 billion for the quarter, compared to the consensus estimate of $18.44 billion. During the same period last year, the business earned $1.22 EPS. The firm’s revenue was up 12.1% compared to the same quarter last year. Sell-side analysts forecast that RTX Co. will post 5.39 earnings per share for the current year.

RTX Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Friday, August 16th. RTX’s payout ratio is 98.82%.

Insider Activity at RTX

In other RTX news, CEO Gregory Hayes sold 89,762 shares of RTX stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $101.44, for a total value of $9,105,457.28. Following the transaction, the chief executive officer now directly owns 636,759 shares of the company’s stock, valued at approximately $64,592,832.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other RTX news, CEO Gregory Hayes sold 89,762 shares of RTX stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $101.44, for a total value of $9,105,457.28. Following the transaction, the chief executive officer now directly owns 636,759 shares of the company’s stock, valued at approximately $64,592,832.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Stephen J. Timm sold 19,880 shares of RTX 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 completion of the transaction, 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. In the last ninety days, insiders have sold 119,937 shares of company stock valued at $12,256,952. Corporate insiders own 0.13% of the company’s stock.

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.

Further Reading

Institutional Ownership by Quarter for RTX (NYSE:RTX)

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