RTX Co. (NYSE:RTX) Position Increased by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC increased its stake in shares of RTX Co. (NYSE:RTX - Free Report) by 43.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,329 shares of the company's stock after acquiring an additional 7,987 shares during the quarter. Thoroughbred Financial Services LLC's holdings in RTX were worth $3,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new position in shares of RTX during the fourth quarter valued at about $31,000. Picton Mahoney Asset Management raised its holdings in RTX by 2,944.4% in the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after buying an additional 265 shares during the last quarter. Modus Advisors LLC bought a new position in RTX in the 4th quarter valued at approximately $39,000. Millstone Evans Group LLC bought a new stake in RTX in the 4th quarter worth about $39,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in RTX during the fourth quarter valued at approximately $40,000. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Performance

RTX traded down $12.80 during trading on Friday, hitting $117.43. 8,524,627 shares of the stock were exchanged, compared to its average volume of 5,558,578. The stock has a fifty day moving average price of $129.05 and a two-hundred day moving average price of $123.35. RTX Co. has a 1-year low of $99.07 and a 1-year high of $136.17. The firm has a market capitalization of $156.78 billion, a P/E ratio of 33.08, a PEG ratio of 2.11 and a beta of 0.58. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

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RTX (NYSE:RTX - Get Free Report) last issued its quarterly 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%. As a group, sell-side analysts predict 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. 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 2.15%. The ex-dividend date of this dividend was Friday, February 21st. RTX's dividend payout ratio (DPR) is 70.99%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on RTX. Royal Bank of Canada increased their price objective on shares of RTX from $140.00 to $150.00 and gave the stock 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. JPMorgan Chase & Co. boosted their target price on RTX from $140.00 to $150.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. UBS Group raised shares of RTX from a "neutral" rating to a "buy" rating in a research note on Monday, March 24th. Finally, StockNews.com downgraded RTX from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, RTX has a consensus rating of "Moderate Buy" and an average price target of $166.40.

Insider Activity at RTX

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

RTX Company 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.