Legacy Capital Group California Inc. Has $1.80 Million Stock Position in RTX Co. (NYSE:RTX)

Legacy Capital Group California Inc. lifted its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 103.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,593 shares of the company's stock after buying an additional 7,910 shares during the period. Legacy Capital Group California Inc.'s holdings in RTX were worth $1,804,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX during the 3rd quarter worth approximately $29,000. Modus Advisors LLC bought a new stake in RTX in the fourth quarter valued at $39,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of RTX during the fourth quarter valued at $40,000. Western Pacific Wealth Management LP bought a new position in shares of RTX during the third quarter worth about $41,000. Finally, Iron Horse Wealth Management LLC increased its holdings in shares of RTX by 296.8% in the 4th 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. Institutional investors and hedge funds own 86.50% of the company's stock.

Analyst Upgrades and Downgrades

RTX has been the subject of several analyst reports. Citigroup upgraded RTX from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $132.00 to $153.00 in a research report on Tuesday, January 21st. Barclays increased their price target on RTX from $108.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 29th. Morgan Stanley lifted their price objective on shares of RTX from $130.00 to $135.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. Vertical Research upgraded shares of RTX to a "strong-buy" rating in a research report on Tuesday, January 28th. Finally, StockNews.com downgraded shares of RTX from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $163.07.

Insider Transactions at RTX

In related news, EVP Dantaya M. Williams sold 14,031 shares of the firm'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 transaction of $1,813,226.13. Following the completion of the sale, the executive vice president now directly owns 44,415 shares in the company, valued at approximately $5,739,750.45. This trade represents a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by insiders.

RTX Trading Down 1.5 %

Shares of NYSE:RTX traded down $1.88 during midday 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 fifty day simple moving average of $121.49 and a two-hundred day simple moving average of $120.89. 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. RTX Co. has a 1-year low of $88.90 and a 1-year high of $132.43. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99.

RTX (NYSE:RTX - Get Free Report) last announced its 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 net margin of 5.91% and a return on equity of 12.45%. Research analysts predict that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The firm also recently announced 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. The ex-dividend date is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.04%. RTX's 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.