Broadway Wealth Solutions Inc. Purchases Shares of 10,439 RTX Co. (NYSE:RTX)

Broadway Wealth Solutions Inc. bought a new position in shares of RTX Co. (NYSE:RTX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,439 shares of the company's stock, valued at approximately $1,208,000. RTX comprises approximately 0.9% of Broadway Wealth Solutions Inc.'s investment portfolio, making the stock its 16th largest holding.

Several other hedge funds also recently added to or reduced their stakes in RTX. New Age Alpha Advisors LLC purchased a new stake in RTX during the fourth quarter worth $1,754,000. Powszechne Towarzystwo Emerytalne Allianz Polska S.A. acquired a new stake in RTX in the fourth quarter valued at approximately $10,709,000. Norges Bank acquired a new position in shares of RTX during the 4th quarter worth approximately $1,745,644,000. Caisse Des Depots ET Consignations purchased a new stake in RTX in the 4th quarter worth $8,189,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in shares of RTX by 0.9% in the fourth quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 22,952 shares of the company's stock valued at $2,656,000 after purchasing an additional 198 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Price Performance

Shares of NYSE RTX traded down $1.75 during midday trading on Friday, hitting $131.68. The company had a trading volume of 3,934,907 shares, compared to its average volume of 5,648,342. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The business has a 50-day simple moving average of $128.59 and a two-hundred day simple moving average of $123.03. RTX Co. has a twelve month low of $97.03 and a twelve month high of $136.17. The firm has a market capitalization of $175.81 billion, a price-to-earnings ratio of 37.09, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78.

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

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a yield of 1.91%. RTX's payout ratio is 70.99%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on RTX. Vertical Research upgraded shares of RTX to a "strong-buy" rating in a research report on Tuesday, January 28th. Baird R W raised shares of RTX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. Citigroup raised shares of RTX from a "neutral" rating to a "buy" rating and upped their target price for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. Bank of America upped their price target on RTX from $145.00 to $155.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Finally, StockNews.com downgraded shares of RTX from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $166.40.

Insider Buying and Selling at RTX

In other RTX news, CEO Christopher T. Calio sold 27,379 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the completion of the transaction, the chief executive officer now owns 81,508 shares of the company's stock, valued at approximately $10,625,382.88. This trade represents a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the company's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $130.35, for a total value of $2,100,981.30. Following the completion of the sale, the chief financial officer now owns 59,556 shares in the company, valued at $7,763,124.60. This represents a 21.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 79,831 shares of company stock worth $10,309,302. 0.15% of the stock is owned by corporate insiders.

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.