Advyzon Investment Management LLC Makes New $320,000 Investment in RTX Co. (NYSE:RTX)

Advyzon Investment Management LLC purchased a new stake in shares of RTX Co. (NYSE:RTX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,763 shares of the company's stock, valued at approximately $320,000.

A number of other large investors also recently modified their holdings of RTX. MidAtlantic Capital Management Inc. acquired a new position in RTX during the third quarter worth about $29,000. Modus Advisors LLC acquired a new position in RTX during the fourth quarter worth about $39,000. Comprehensive Financial Planning Inc. PA acquired a new position in RTX during the fourth quarter worth about $40,000. Western Pacific Wealth Management LP acquired a new position in RTX during the third quarter worth about $41,000. Finally, Iron Horse Wealth Management LLC grew its holdings in RTX by 296.8% during the fourth quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company's stock worth $43,000 after acquiring an additional 279 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Performance

Shares of RTX stock traded down $1.88 during trading on Friday, reaching $123.23. The company had a trading volume of 4,845,158 shares, compared to its average volume of 4,781,505. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The firm's 50 day simple moving average is $121.49 and its two-hundred day simple moving average is $120.89. The company has a market capitalization of $164.16 billion, a PE ratio of 34.71, a PEG ratio of 2.12 and a beta of 0.82. RTX Co. has a one year low of $88.90 and a one year high of $132.43.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Sell-side analysts forecast that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Friday, February 21st. RTX's payout ratio is presently 70.99%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on RTX. Royal Bank of Canada lifted their target price on RTX from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. UBS Group increased their price target on RTX from $128.00 to $142.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Argus upgraded RTX from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. Vertical Research upgraded RTX to a "strong-buy" rating in a research report on Tuesday, January 28th. Finally, Bank of America increased their price target on RTX from $145.00 to $155.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, RTX presently has an average rating of "Moderate Buy" and an average target price of $163.07.

Insider Transactions at RTX

In related news, EVP Dantaya M. Williams sold 14,031 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total value of $1,813,226.13. Following the sale, the executive vice president now owns 44,415 shares of the company's stock, valued at $5,739,750.45. The trade was a 24.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is owned by insiders.

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.