Aurdan Capital Management LLC purchased a new position in shares of RTX Co. (NYSE:RTX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,943 shares of the company's stock, valued at approximately $341,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RTX. Vermillion Wealth Management Inc. acquired a new position in shares of RTX during the fourth quarter worth $55,000. AlphaCore Capital LLC boosted its stake in RTX by 2.4% in the fourth quarter. AlphaCore Capital LLC now owns 14,133 shares of the company's stock valued at $1,635,000 after acquiring an additional 335 shares in the last quarter. Forum Financial Management LP grew its holdings in shares of RTX by 41.7% during the fourth quarter. Forum Financial Management LP now owns 19,020 shares of the company's stock worth $2,201,000 after purchasing an additional 5,596 shares during the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in shares of RTX in the 4th quarter valued at about $1,198,000. Finally, Parr Mcknight Wealth Management Group LLC acquired a new stake in shares of RTX in the 4th quarter valued at about $294,000. Hedge funds and other institutional investors own 86.50% of the company's stock.
RTX Stock Performance
Shares of RTX stock traded up $1.99 during trading hours on Thursday, reaching $134.84. 3,634,288 shares of the company's stock were exchanged, compared to its average volume of 5,389,919. 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 company's 50 day moving average is $129.08 and its two-hundred day moving average is $124.95. The company has a market cap of $180.14 billion, a P/E ratio of 37.98, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60. RTX Co. has a 1 year low of $99.07 and a 1 year high of $138.82.
RTX (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.12. The company had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion. RTX had a return on equity of 12.45% and a net margin of 5.91%. Equities research analysts anticipate that RTX Co. will post 6.11 EPS for the current fiscal year.
RTX Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.68 per share. This is a positive change from RTX's previous quarterly dividend of $0.63. This represents a $2.72 annualized dividend and a yield of 2.02%. The ex-dividend date is Friday, May 23rd. RTX's dividend payout ratio is presently 79.77%.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on RTX. Citigroup reduced their price objective on RTX from $153.00 to $148.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Wall Street Zen upgraded shares of RTX from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. Cowen reiterated a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Robert W. Baird upgraded shares of RTX from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $136.00 to $160.00 in a research note on Wednesday, March 19th. Finally, Susquehanna reduced their target price on shares of RTX from $147.00 to $140.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, RTX currently has a consensus rating of "Buy" and a consensus price target of $159.82.
Check Out Our Latest Analysis on RTX
Insider Buying and Selling at RTX
In related news, VP Amy L. Johnson sold 4,146 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total value of $528,780.84. Following the sale, the vice president now owns 9,546 shares in the company, valued at $1,217,496.84. This represents a 30.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.15% of the stock is currently owned by corporate insiders.
About RTX
(
Free Report)
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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