Caliber Wealth Management LLC KS Invests $927,000 in RTX Corporation (NYSE:RTX)

Key Points

• Caliber Wealth Management LLC acquired 6,997 shares of RTX Corporation during the 1st quarter, valued at approximately $927,000, contributing to the trend of institutional investment in the stock.
• RTX has received a mix of ratings from analysts, with a consensus target price of $154.88 and several firms, including Citigroup and Bank of America, upgrading their price targets and maintaining a "buy" rating.
• RTX recently declared a quarterly dividend of $0.68, yielding approximately 1.73%, which indicates the company's ongoing commitment to returning value to its shareholders.

Caliber Wealth Management LLC KS acquired a new position in shares of RTX Corporation (NYSE:RTX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,997 shares of the company's stock, valued at approximately $927,000.

Several other hedge funds also recently modified their holdings of RTX. MorganRosel Wealth Management LLC bought a new stake in shares of RTX during the first quarter valued at approximately $26,000. 10Elms LLP bought a new stake in shares of RTX during the fourth quarter valued at approximately $29,000. Greenline Partners LLC bought a new stake in shares of RTX during the fourth quarter valued at approximately $34,000. Mpwm Advisory Solutions LLC bought a new stake in shares of RTX during the fourth quarter valued at approximately $43,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of RTX during the first quarter valued at approximately $50,000. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Stock Up 0.6%

RTX traded up $0.92 during trading on Wednesday, hitting $158.04. The company had a trading volume of 940,690 shares, compared to its average volume of 5,387,543. The company has a market capitalization of $211.54 billion, a PE ratio of 34.71, a PEG ratio of 2.87 and a beta of 0.64. RTX Corporation has a one year low of $112.27 and a one year high of $158.79. The firm's 50-day moving average price is $144.25 and its 200 day moving average price is $133.50. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.45 by $0.11. The business had revenue of $21.58 billion for the quarter, compared to analysts' expectations of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The firm's revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.41 EPS. As a group, equities analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 15th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.72%. RTX's payout ratio is currently 59.78%.

Insider Buying and Selling at RTX

In other RTX news, VP Amy L. Johnson sold 4,146 shares of RTX stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total value of $528,780.84. Following the sale, the vice president directly owned 9,546 shares in the company, valued at approximately $1,217,496.84. The trade was a 30.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ramsaran Maharajh sold 1,462 shares of RTX stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total transaction of $222,604.12. Following the completion of the sale, the executive vice president owned 13,184 shares in the company, valued at $2,007,395.84. The trade was a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,234 shares of company stock valued at $4,439,755 over the last quarter. 0.15% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Benchmark raised shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 price target on the stock in a research note on Wednesday, May 14th. Cowen reaffirmed a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Jefferies Financial Group reaffirmed a "hold" rating on shares of RTX in a research note on Monday, July 21st. Susquehanna raised their price objective on shares of RTX from $160.00 to $175.00 and gave the company a "positive" rating in a research note on Wednesday, July 23rd. Finally, Wall Street Zen cut shares of RTX from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Six research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $157.13.

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.