Huntleigh Advisors Inc. Has $3.72 Million Position in RTX Corporation (NYSE:RTX)

Huntleigh Advisors Inc. raised its stake in RTX Corporation (NYSE:RTX) by 2.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 28,111 shares of the company’s stock after purchasing an additional 595 shares during the quarter. Huntleigh Advisors Inc.’s holdings in RTX were worth $3,724,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of RTX by 2.6% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 452,719 shares of the company’s stock worth $59,967,000 after acquiring an additional 11,640 shares during the last quarter. IFM Investors Pty Ltd increased its position in RTX by 18.5% in the 1st quarter. IFM Investors Pty Ltd now owns 131,552 shares of the company’s stock worth $15,939,000 after purchasing an additional 20,534 shares during the last quarter. Carmel Capital Management L.L.C. raised its stake in shares of RTX by 1.1% during the 1st quarter. Carmel Capital Management L.L.C. now owns 79,196 shares of the company’s stock worth $10,490,000 after purchasing an additional 850 shares in the last quarter. Avantax Planning Partners Inc. lifted its holdings in shares of RTX by 2.8% during the 1st quarter. Avantax Planning Partners Inc. now owns 7,569 shares of the company’s stock valued at $1,003,000 after buying an additional 208 shares during the last quarter. Finally, Silver Oak Securities Incorporated grew its stake in shares of RTX by 10.6% in the 1st quarter. Silver Oak Securities Incorporated now owns 13,533 shares of the company’s stock valued at $1,783,000 after buying an additional 1,296 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Price Performance

Shares of RTX stock opened at $145.80 on Friday. RTX Corporation has a 12 month low of $99.42 and a 12 month high of $149.26. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The stock has a 50 day moving average of $136.83 and a two-hundred day moving average of $129.07. The company has a market capitalization of $194.78 billion, a P/E ratio of 42.76, a P/E/G ratio of 2.61 and a beta of 0.64.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.12. The company had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion. RTX had a net margin of 5.63% and a return on equity of 12.71%. As a group, equities analysts expect that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.87%. RTX’s dividend payout ratio is currently 79.77%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on RTX. Wells Fargo & Company increased their price target on shares of RTX from $136.00 to $144.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 15th. Cowen restated a “buy” rating on shares of RTX in a report on Friday, May 23rd. Royal Bank Of Canada decreased their price target on RTX from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. lowered their price objective on RTX from $150.00 to $145.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Finally, Wall Street Zen lowered RTX from a “buy” rating to a “hold” rating in a report on Saturday, June 21st. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $161.12.

Insider Buying and Selling

In other news, VP Amy L. Johnson sold 4,146 shares of the business’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total value of $528,780.84. Following the transaction, the vice president directly owned 9,546 shares of the company’s stock, valued at $1,217,496.84. The trade was a 30.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dantaya M. Williams sold 16,922 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total value of $2,328,805.64. Following the sale, the executive vice president directly owned 16,538 shares of the company’s stock, valued at $2,275,959.56. This represents a 50.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company’s stock.

About RTX

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.