Bray Capital Advisors Sells 5,469 Shares of RTX Co. (NYSE:RTX)

Bray Capital Advisors decreased its position in RTX Co. (NYSE:RTX - Free Report) by 18.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 24,510 shares of the company's stock after selling 5,469 shares during the period. Bray Capital Advisors' holdings in RTX were worth $2,836,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. purchased a new stake in RTX in the 3rd quarter worth approximately $29,000. Western Pacific Wealth Management LP bought a new position in shares of RTX during the 3rd quarter valued at $41,000. Modus Advisors LLC bought a new position in shares of RTX during the 4th quarter valued at $39,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of RTX during the 4th quarter valued at $40,000. Finally, Iron Horse Wealth Management LLC raised its holdings in shares of RTX by 296.8% during the 4th quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company's stock valued at $43,000 after purchasing an additional 279 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on RTX shares. Bank of America raised 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. Susquehanna raised their target price on shares of RTX from $139.00 to $147.00 and gave the company a "positive" rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a "hold" rating to a "buy" rating and raised their target price for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. raised their target price on shares of RTX from $140.00 to $150.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Finally, Vertical Research upgraded shares of RTX to a "strong-buy" rating in a research note on Tuesday, January 28th. Six investment 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 stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $163.07.

Insider Activity at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total value of $1,813,226.13. Following the completion of the transaction, the executive vice president now owns 44,415 shares in the company, valued at $5,739,750.45. This represents a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.13% of the company's stock.

RTX Trading Down 1.5 %

NYSE RTX traded down $1.88 during trading on Friday, reaching $123.23. 4,845,158 shares of the stock traded hands, compared to its average volume of 4,781,505. The firm has a market cap of $164.16 billion, a price-to-earnings ratio of 34.71, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82. The stock's 50-day moving average price is $121.49 and its 200 day moving average price is $120.89. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. RTX Co. has a fifty-two week low of $88.90 and a fifty-two week high of $132.43.

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

RTX Dividend Announcement

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

RTX 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.