Groupama Asset Managment Grows Stock Holdings in RTX Co. (NYSE:RTX)

Groupama Asset Managment raised its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 17.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 697,407 shares of the company's stock after purchasing an additional 104,513 shares during the period. Groupama Asset Managment owned 0.05% of RTX worth $80,357,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RTX. Fairway Wealth LLC acquired a new position in RTX during the 4th quarter valued at approximately $31,000. Picton Mahoney Asset Management lifted its position in RTX by 2,944.4% during the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after acquiring an additional 265 shares during the period. Modus Advisors LLC purchased a new stake in RTX during the 4th quarter valued at about $39,000. Millstone Evans Group LLC acquired a new position in shares of RTX in the fourth quarter valued at about $39,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in shares of RTX in the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Bank of America increased their price target on shares of RTX from $145.00 to $155.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Argus raised shares of RTX from a "hold" rating to a "buy" rating in a report on Tuesday, February 11th. Morgan Stanley boosted their target price on shares of RTX from $130.00 to $135.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 29th. Citigroup upgraded 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. Finally, Deutsche Bank Aktiengesellschaft raised RTX from a "hold" rating to a "buy" rating and boosted their price objective for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $166.40.

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RTX Price Performance

Shares of NYSE RTX traded down $3.01 during trading on Thursday, hitting $130.14. The company had a trading volume of 4,587,366 shares, compared to its average volume of 5,611,466. The firm has a market capitalization of $173.75 billion, a price-to-earnings ratio of 36.66, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The stock has a fifty day simple moving average of $129.13 and a two-hundred day simple moving average of $123.31. 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 $97.03 and a fifty-two week high of $136.17.

RTX (NYSE:RTX - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating 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%. On average, research analysts expect that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend was Friday, February 21st. RTX's dividend payout ratio is currently 70.99%.

Insider Activity at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of the company's stock in a transaction dated 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 sale, the executive vice president now directly owns 44,415 shares of the company's stock, valued at approximately $5,739,750.45. This represents a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Troy D. Brunk sold 2,872 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the completion of the sale, the insider now owns 5,272 shares of the company's stock, valued at $664,008.40. This trade represents a 35.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,831 shares of company stock valued at $10,309,302. 0.15% of the stock is currently 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.