Atlantic Union Bankshares Corp Has $10.52 Million Stock Holdings in RTX Corporation (NYSE:RTX)

Atlantic Union Bankshares Corp decreased its position in RTX Corporation (NYSE:RTX - Free Report) by 2.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,427 shares of the company's stock after selling 2,206 shares during the quarter. Atlantic Union Bankshares Corp's holdings in RTX were worth $10,521,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bay Capital Advisors LLC bought a new position in RTX during the first quarter worth $224,000. Dynamic Advisor Solutions LLC boosted its stake in RTX by 8.4% during the first quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company's stock worth $4,591,000 after buying an additional 2,686 shares in the last quarter. Deutsche Bank AG boosted its stake in RTX by 46.0% during the fourth quarter. Deutsche Bank AG now owns 2,973,342 shares of the company's stock worth $344,075,000 after buying an additional 936,953 shares in the last quarter. LBP AM SA boosted its stake in RTX by 17.7% during the first quarter. LBP AM SA now owns 279,179 shares of the company's stock worth $36,980,000 after buying an additional 41,990 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in RTX by 1.4% during the first quarter. Arizona State Retirement System now owns 390,617 shares of the company's stock worth $51,741,000 after buying an additional 5,356 shares in the last quarter. Institutional investors own 86.50% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. UBS Group boosted their price objective on RTX from $133.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Morgan Stanley upped their price target on RTX from $135.00 to $165.00 and gave the company an "equal weight" rating in a research note on Thursday. Cowen reaffirmed a "buy" rating on shares of RTX in a research note on Friday, May 23rd. JPMorgan Chase & Co. decreased their price objective on RTX from $150.00 to $145.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Finally, Wall Street Zen lowered RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $164.28.

RTX Stock Up 0.1%

RTX stock opened at $151.68 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. RTX Corporation has a fifty-two week low of $102.62 and a fifty-two week high of $152.85. The stock has a market capitalization of $202.64 billion, a price-to-earnings ratio of 44.48, a PEG ratio of 2.82 and a beta of 0.64. The business's fifty day moving average price is $141.35 and its two-hundred day moving average price is $131.59.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.12. The company had revenue of $20.31 billion for the quarter, compared to analysts' expectations of $19.80 billion. RTX had a return on equity of 12.71% and a net margin of 5.63%. On average, equities analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.79%. RTX's payout ratio is 79.77%.

Insider Transactions at RTX

In other news, EVP Dantaya M. Williams sold 16,922 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the completion of the transaction, the executive vice president directly owned 16,538 shares in the company, valued at $2,275,959.56. This trade represents a 50.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Amy L. Johnson sold 4,146 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total value of $528,780.84. Following the transaction, the vice president owned 9,546 shares of the company's stock, valued at $1,217,496.84. This trade represents a 30.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.15% of the company's stock.

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.

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