Corps Capital Advisors LLC purchased a new stake in shares of RTX Co. (NYSE:RTX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 11,464 shares of the company's stock, valued at approximately $1,327,000. RTX comprises approximately 1.3% of Corps Capital Advisors LLC's portfolio, making the stock its 28th biggest holding.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX during the 3rd quarter worth approximately $29,000. Modus Advisors LLC purchased a new position in RTX in the fourth quarter worth approximately $39,000. Comprehensive Financial Planning Inc. PA acquired a new stake in RTX during the fourth quarter worth $40,000. Western Pacific Wealth Management LP acquired a new position in shares of RTX in the 3rd quarter valued at $41,000. Finally, Iron Horse Wealth Management LLC grew 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 worth $43,000 after purchasing an additional 279 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada boosted their price target on shares of RTX from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Argus upgraded RTX from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Citigroup raised RTX from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. StockNews.com downgraded RTX from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Finally, Bank of America raised their target price on RTX from $145.00 to $155.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, RTX has an average rating of "Moderate Buy" and a consensus price target of $163.07.
Read Our Latest Stock Report on RTX
Insider Activity
In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the completion of the sale, the executive vice president now directly owns 44,415 shares of the company's stock, valued at approximately $5,739,750.45. This trade represents a 24.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company's stock.
RTX Stock Down 1.0 %
Shares of NYSE:RTX traded down $1.23 during trading on Friday, hitting $123.25. 2,504,058 shares of the company were exchanged, compared to its average volume of 4,706,941. 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 moving average price is $121.38 and its 200-day moving average price is $120.83. The stock has a market capitalization of $164.19 billion, a P/E ratio of 34.79, a PEG ratio of 2.12 and a beta of 0.82. RTX Co. has a 12-month low of $88.90 and a 12-month 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, 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%. On average, research analysts predict that RTX Co. will post 6.11 earnings per share for the current fiscal 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 $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Friday, February 21st. RTX's payout ratio is currently 70.99%.
About RTX
(
Free Report)
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.
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