RTX Co. (NYSE:RTX) Shares Bought by Teewinot Capital Advisers L.L.C.

Teewinot Capital Advisers L.L.C. lifted its holdings in shares of RTX Co. (NYSE:RTX) by 188.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 605,150 shares of the company’s stock after buying an additional 395,434 shares during the quarter. RTX comprises approximately 7.1% of Teewinot Capital Advisers L.L.C.’s investment portfolio, making the stock its 6th biggest holding. Teewinot Capital Advisers L.L.C.’s holdings in RTX were worth $70,028,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of RTX. Fairway Wealth LLC acquired a new position in RTX during the fourth quarter valued at approximately $31,000. Picton Mahoney Asset Management boosted its holdings in shares of RTX by 2,944.4% in the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock valued at $31,000 after buying an additional 265 shares during the period. Greenline Partners LLC acquired a new position in shares of RTX in the fourth quarter valued at approximately $34,000. Millstone Evans Group LLC acquired a new position in shares of RTX in the fourth quarter valued at approximately $39,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new position in shares of RTX in the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

RTX has been the subject of several research analyst reports. Bank of America upped their price target on shares of RTX from $145.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 30th. DZ Bank upgraded shares of RTX from a “sell” rating to a “hold” rating and set a $129.00 price target for the company in a report on Friday, April 25th. Benchmark upgraded shares of RTX from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a report on Wednesday. Robert W. Baird upgraded shares of RTX from a “neutral” rating to an “outperform” rating and upped their price target for the company from $136.00 to $160.00 in a report on Wednesday, March 19th. Finally, Royal Bank of Canada cut their price objective on shares of RTX from $150.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, RTX currently has a consensus rating of “Buy” and a consensus price target of $159.82.

Insider Activity

In other news, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.36, for a total value of $3,569,126.44. Following the transaction, the chief executive officer now directly owns 81,508 shares of the company’s stock, valued at $10,625,382.88. This represents a 25.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Troy D. Brunk sold 2,872 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $125.95, for a total transaction of $361,728.40. Following the completion of the transaction, the insider now directly owns 5,272 shares in the company, valued at $664,008.40. The trade was a 35.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 69,946 shares of company stock valued at $9,024,856 over the last ninety days. 0.15% of the stock is currently owned by company insiders.

RTX Stock Performance

NYSE RTX opened at $135.37 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The firm’s fifty day moving average price is $128.66 and its two-hundred day moving average price is $124.20. RTX Co. has a 1 year low of $99.07 and a 1 year high of $136.40. The firm has a market capitalization of $180.85 billion, a P/E ratio of 38.13, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.12. RTX had a net margin of 5.91% and a return on equity of 12.45%. The firm had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.80 billion. As a group, research analysts anticipate that RTX Co. will post 6.11 EPS for the current year.

RTX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.68 per share. This is a positive change from RTX’s previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a yield of 2.01%. The ex-dividend date is Friday, May 23rd. RTX’s dividend payout ratio is 79.77%.

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.