RTX Co. (NYSE:RTX) Holdings Raised by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT lifted its stake in shares of RTX Co. (NYSE:RTX) by 9.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 15,221 shares of the company’s stock after acquiring an additional 1,350 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in RTX were worth $1,281,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bear Mountain Capital Inc. bought a new stake in RTX in the fourth quarter worth about $25,000. Strengthening Families & Communities LLC bought a new stake in RTX in the third quarter worth about $28,000. Planned Solutions Inc. bought a new stake in RTX in the fourth quarter worth about $30,000. Financial Gravity Asset Management Inc. raised its position in 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 acquiring an additional 345 shares in the last quarter. Finally, Valley National Advisers Inc. increased its stake in RTX by 37.4% in the 3rd quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock worth $34,000 after purchasing an additional 127 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on RTX. Barclays lifted their price target on RTX from $75.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. Robert W. Baird lifted their price target on RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. UBS Group lifted their price target on RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday. Bank of America lifted their target price on RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Royal Bank of Canada lifted their target price on 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, twelve have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, RTX presently has a consensus rating of “Hold” and a consensus price target of $96.27.

Insider Activity

In other news, insider Shane G. Eddy sold 35,456 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the sale, the insider now directly owns 6,741 shares of the company’s stock, valued at $614,711.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Shane G. Eddy sold 35,456 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the transaction, the insider now directly owns 6,741 shares of the company’s stock, valued at $614,711.79. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ramsaran Maharajh sold 312 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total value of $28,757.04. Following the completion of the transaction, the executive vice president now directly owns 11,676 shares of the company’s stock, valued at $1,076,176.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,785 shares of company stock valued at $3,448,188. 0.13% of the stock is owned by company insiders.

RTX Stock Performance

RTX stock traded down $0.30 during midday trading on Friday, hitting $101.41. 4,428,318 shares of the company traded hands, compared to its average volume of 8,154,806. RTX Co. has a twelve month low of $68.56 and a twelve month high of $103.89. The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.68. The business has a 50 day simple moving average of $95.57 and a 200-day simple moving average of $87.51. The stock has a market capitalization of $134.83 billion, a price-to-earnings ratio of 39.76, a price-to-earnings-growth ratio of 1.84 and a beta of 0.88.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.11. RTX had a return on equity of 10.81% and a net margin of 4.90%. The company had revenue of $19.30 billion during the quarter, compared to analysts’ expectations of $18.44 billion. During the same period in the prior year, the business earned $1.22 earnings per share. RTX’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, equities research analysts predict that RTX Co. will post 5.39 earnings per share for the current year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were given a $0.59 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.36 annualized dividend and a dividend yield of 2.33%. RTX’s dividend payout ratio is 92.55%.

RTX Company Profile

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.