RFG Bristol Wealth Advisors LLC Takes $1.10 Million Position in RTX Co. (NYSE:RTX)

RFG Bristol Wealth Advisors LLC purchased a new stake in RTX Co. (NYSE:RTX - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 9,521 shares of the company's stock, valued at approximately $1,102,000.

Several other large investors have also recently made changes to their positions in the stock. Fairway Wealth LLC acquired a new position in shares of RTX during the fourth quarter valued at about $31,000. Picton Mahoney Asset Management grew 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 purchasing an additional 265 shares during the last quarter. Modus Advisors LLC acquired a new position in RTX during the 4th quarter valued at approximately $39,000. Millstone Evans Group LLC purchased a new position in shares of RTX in the fourth quarter worth $39,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new stake in shares of RTX during the fourth quarter valued at $40,000. 86.50% of the stock is owned by institutional investors.

Insider Transactions at RTX

In other RTX news, insider Troy D. Brunk sold 2,872 shares of the business'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 transaction, the insider now owns 5,272 shares of the company's stock, valued at approximately $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Dantaya M. Williams sold 14,031 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was 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 $5,739,750.45. This trade represents a 24.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 79,831 shares of company stock worth $10,309,302 in the last ninety days. Insiders own 0.15% of the company's stock.

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RTX Price Performance

Shares of RTX traded up $0.45 during trading hours on Wednesday, hitting $133.30. 3,349,299 shares of the stock were exchanged, compared to its average volume of 5,615,515. The stock's 50-day moving average price is $129.13 and its two-hundred day moving average price is $123.31. RTX Co. has a 12-month low of $97.03 and a 12-month high of $136.17. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The company has a market cap of $177.97 billion, a price-to-earnings ratio of 37.55, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78.

RTX (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping 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%. Research analysts expect 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 was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Friday, February 21st. RTX's dividend payout ratio (DPR) is 70.99%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on RTX. Robert W. Baird raised shares of RTX from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $136.00 to $160.00 in a report on Wednesday, March 19th. UBS Group raised RTX from a "neutral" rating to a "buy" rating in a report on Monday, March 24th. StockNews.com lowered shares of RTX from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Citigroup raised shares of RTX from a "neutral" rating to a "buy" rating and increased their price target for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. Finally, Vertical Research upgraded shares of RTX to a "strong-buy" rating in a research report on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, RTX has a consensus rating of "Moderate Buy" and an average price target of $166.40.

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.