Groupama Asset Managment Grows Stock Holdings in RTX Corporation $RTX

Key Points

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Groupama Asset Managment grew its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 14.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 798,419 shares of the company's stock after acquiring an additional 101,012 shares during the period. RTX accounts for approximately 0.8% of Groupama Asset Managment's portfolio, making the stock its 27th largest holding. Groupama Asset Managment owned 0.06% of RTX worth $105,168,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Guardian Wealth Advisors LLC NC lifted its holdings in shares of RTX by 1.7% in the fourth quarter. Guardian Wealth Advisors LLC NC now owns 4,978 shares of the company's stock worth $576,000 after buying an additional 82 shares in the last quarter. Foster Victor Wealth Advisors LLC increased its holdings in RTX by 2.1% during the 1st quarter. Foster Victor Wealth Advisors LLC now owns 3,934 shares of the company's stock worth $505,000 after acquiring an additional 82 shares during the period. Weatherly Asset Management L. P. lifted its stake in RTX by 0.4% in the 1st quarter. Weatherly Asset Management L. P. now owns 20,888 shares of the company's stock worth $2,767,000 after purchasing an additional 82 shares in the last quarter. CLG LLC boosted its holdings in RTX by 2.3% in the 1st quarter. CLG LLC now owns 3,686 shares of the company's stock valued at $488,000 after purchasing an additional 83 shares during the period. Finally, Lcnb Corp grew its position in shares of RTX by 1.2% during the 1st quarter. Lcnb Corp now owns 7,117 shares of the company's stock valued at $943,000 after purchasing an additional 83 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

RTX Trading Up 1.0%

NYSE RTX opened at $155.56 on Tuesday. The firm has a market cap of $208.22 billion, a PE ratio of 34.19, a price-to-earnings-growth ratio of 2.84 and a beta of 0.69. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $158.79. The stock has a 50-day moving average of $149.83 and a 200-day moving average of $136.71. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60.

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

RTX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 15th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.7%. RTX's dividend payout ratio (DPR) is presently 59.78%.

Analysts Set New Price Targets

RTX has been the topic of a number of recent analyst reports. DZ Bank upgraded RTX from a "sell" rating to a "hold" rating and set a $129.00 price objective on the stock in a research report on Friday, April 25th. Jefferies Financial Group reiterated a "hold" rating on shares of RTX in a research report on Monday, July 21st. Cowen reissued a "buy" rating on shares of RTX in a report on Friday, May 23rd. Sanford C. Bernstein set a $154.00 target price on shares of RTX and gave the company a "market perform" rating in a research note on Friday, July 11th. Finally, Citigroup boosted their price target on shares of RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, RTX currently has a consensus rating of "Moderate Buy" and a consensus price target of $158.67.

Insiders Place Their Bets

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the transaction, the insider owned 16,442 shares in the company, valued at approximately $2,551,798.40. The trade was a 31.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the sale, the insider owned 17,684 shares of the company's stock, valued at approximately $2,790,888.88. This represents a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,589 shares of company stock worth $7,126,389. 0.15% of the stock is currently owned by insiders.

RTX 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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