Brookwood Investment Group LLC Buys Shares of 9,722 RTX Corporation (NYSE:RTX)

Brookwood Investment Group LLC bought a new position in shares of RTX Corporation (NYSE:RTX - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,722 shares of the company's stock, valued at approximately $1,288,000.

A number of other hedge funds also recently modified their holdings of RTX. Geode Capital Management LLC boosted its stake in shares of RTX by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 28,264,502 shares of the company's stock valued at $3,263,610,000 after purchasing an additional 1,000,722 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of RTX by 3.8% in the 4th quarter. Franklin Resources Inc. now owns 16,611,341 shares of the company's stock valued at $1,922,264,000 after acquiring an additional 603,159 shares in the last quarter. Norges Bank bought a new stake in shares of RTX in the 4th quarter valued at $1,745,644,000. Northern Trust Corp increased its stake in RTX by 8.4% during the 4th quarter. Northern Trust Corp now owns 12,912,698 shares of the company's stock valued at $1,494,257,000 after purchasing an additional 997,806 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its stake in RTX by 43.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,508,662 shares of the company's stock valued at $1,216,063,000 after purchasing an additional 3,164,844 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Stock Performance

NYSE RTX traded up $1.64 during trading hours on Friday, hitting $156.86. The company's stock had a trading volume of 4,727,235 shares, compared to its average volume of 4,909,235. The company's 50 day simple moving average is $143.48 and its two-hundred day simple moving average is $132.93. The company has a market cap of $209.96 billion, a P/E ratio of 34.47, a price-to-earnings-growth ratio of 2.89 and a beta of 0.64. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $157.33. 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 (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.11. RTX had a return on equity of 12.89% and a net margin of 7.35%. The company had revenue of $21.58 billion for the quarter, compared to analysts' expectations of $20.68 billion. During the same period in the previous year, the firm earned $1.41 EPS. The firm's revenue was up 9.4% compared to the same quarter last year. As a group, sell-side analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 15th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.73%. RTX's dividend payout ratio (DPR) is presently 59.78%.

Insider Buying and Selling at RTX

In related news, VP Amy L. Johnson sold 4,146 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total transaction of $528,780.84. Following the completion of the transaction, the vice president directly owned 9,546 shares in the company, valued at $1,217,496.84. The trade was a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ramsaran Maharajh sold 1,462 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the sale, the executive vice president directly owned 13,184 shares in the company, valued at $2,007,395.84. This trade represents a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,530 shares of company stock valued at $3,080,191 in the last quarter. 0.15% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Royal Bank Of Canada reiterated an "outperform" rating and issued a $170.00 target price (up previously from $165.00) on shares of RTX in a report on Wednesday. Citigroup increased their price target on shares of RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a report on Monday, July 14th. JPMorgan Chase & Co. increased their price target on shares of RTX from $145.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday. Bank of America increased their price target on shares of RTX from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Morgan Stanley raised their price target on RTX from $165.00 to $180.00 and gave the stock an "overweight" rating in a research note on Wednesday. Six research analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, RTX has an average rating of "Moderate Buy" and an average price target of $154.88.

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.