RTX Co. (NYSE:RTX) CEO Gregory Hayes Sells 89,762 Shares

RTX Co. (NYSE:RTX) CEO Gregory Hayes sold 89,762 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The stock was 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 owns 636,759 shares in the company, valued at approximately $64,592,832.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

RTX Trading Up 1.0 %

Shares of RTX stock traded up $1.04 during trading hours on Monday, reaching $102.45. 4,470,152 shares of the stock traded hands, compared to its average volume of 8,139,442. RTX Co. has a 1-year low of $68.56 and a 1-year high of $103.89. The business has a fifty day moving average price of $95.57 and a 200 day moving average price of $87.71. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $136.21 billion, a PE ratio of 39.77, a PEG ratio of 1.83 and a beta of 0.88.

RTX (NYSE:RTX) last released 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 previous year, the business earned $1.22 earnings per share. The firm’s revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts forecast that RTX Co. will post 5.39 EPS for the current year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were paid a $0.59 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 annualized dividend and a yield of 2.30%. RTX’s dividend payout ratio is presently 92.55%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of RTX by 26.0% during 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 during the period. Rockline Wealth Management LLC acquired a new position in RTX during the 4th quarter valued at $2,438,000. B&D White Capital Company LLC acquired a new position in RTX during the 3rd quarter valued at $14,186,000. PDS Planning Inc acquired a new position in RTX during the 4th quarter valued at $356,000. Finally, Cullen Investment Group LTD. acquired a new position in RTX during the 4th quarter valued at $843,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Bank of America raised their target price on shares of RTX from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. UBS Group lifted their price target on shares of RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Robert W. Baird lifted 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. TD Cowen lifted their price target on shares of RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, March 19th. Finally, Royal Bank of Canada lifted their price target on shares of RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $96.27.

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.