Thrivent Financial for Lutherans Sells 2,023 Shares of RTX Co. (NYSE:RTX)

Thrivent Financial for Lutherans lowered its position in shares of RTX Co. (NYSE:RTX - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 257,461 shares of the company's stock after selling 2,023 shares during the period. Thrivent Financial for Lutherans' holdings in RTX were worth $29,891,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Fusion Capital LLC raised its holdings in shares of RTX by 0.5% in the 4th quarter. Fusion Capital LLC now owns 15,156 shares of the company's stock valued at $1,754,000 after acquiring an additional 80 shares in the last quarter. McDonough Capital Management Inc increased its position in shares of RTX by 1.6% in the fourth quarter. McDonough Capital Management Inc now owns 5,215 shares of the company's stock worth $603,000 after purchasing an additional 80 shares during the last quarter. New England Professional Planning Group Inc. raised its stake in RTX by 3.8% in the fourth quarter. New England Professional Planning Group Inc. now owns 2,187 shares of the company's stock valued at $253,000 after purchasing an additional 81 shares in the last quarter. Pointe Capital Management LLC lifted its holdings in shares of RTX by 0.5% during the 4th quarter. Pointe Capital Management LLC now owns 17,691 shares of the company's stock worth $2,047,000 after acquiring an additional 81 shares during the last quarter. Finally, Avestar Capital LLC increased its stake in RTX by 0.6% in the third quarter. Avestar Capital LLC now owns 14,461 shares of the company's stock valued at $1,752,000 after acquiring an additional 85 shares during the last quarter. Institutional investors own 86.50% of the company's stock.

Remove Ads

Analyst Ratings Changes

A number of research firms have recently issued reports on RTX. Deutsche Bank Aktiengesellschaft upgraded RTX from a "hold" rating to a "buy" rating and upped their price objective for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Robert W. Baird upgraded shares of RTX from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $136.00 to $160.00 in a research report on Wednesday, March 19th. Argus upgraded shares of RTX from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. StockNews.com downgraded RTX from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Finally, Bank of America increased 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. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $166.40.

RTX Stock Up 0.9 %

RTX stock traded up $1.15 during midday trading on Tuesday, hitting $135.84. The stock had a trading volume of 3,988,922 shares, compared to its average volume of 5,370,216. 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 has a market cap of $181.36 billion, a price-to-earnings ratio of 38.26, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The business has a 50-day moving average of $127.48 and a two-hundred day moving average of $122.66. RTX Co. has a 52-week low of $95.27 and a 52-week high of $135.74.

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 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%. As a group, equities research analysts forecast that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Friday, February 21st. RTX's dividend payout ratio (DPR) is presently 70.99%.

Insiders Place Their Bets

In other news, insider Troy D. Brunk sold 2,872 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the transaction, the insider now owns 5,272 shares in the company, valued at approximately $664,008.40. This represents a 35.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 sale, the chief executive officer now directly owns 81,508 shares of the company's stock, valued at $10,625,382.88. This trade represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,831 shares of company stock valued at $10,309,302. 0.15% of the stock is currently owned by corporate 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.