Matthew Goff Investment Advisor LLC Has $9.91 Million Position in RTX Corporation (NYSE:RTX)

Matthew Goff Investment Advisor LLC increased its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 2.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,829 shares of the company's stock after purchasing an additional 2,131 shares during the quarter. RTX makes up approximately 1.8% of Matthew Goff Investment Advisor LLC's holdings, making the stock its 20th biggest holding. Matthew Goff Investment Advisor LLC's holdings in RTX were worth $9,912,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. 10Elms LLP bought a new stake in RTX during the 4th quarter worth about $29,000. Fairway Wealth LLC bought a new stake in RTX during the 4th quarter worth about $31,000. Picton Mahoney Asset Management grew its holdings in RTX by 2,944.4% during the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after acquiring an additional 265 shares during the last quarter. Greenline Partners LLC bought a new stake in RTX during the 4th quarter worth about $34,000. Finally, Millstone Evans Group LLC bought a new stake in RTX during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Insider Activity at RTX

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

RTX Stock Up 0.6%

RTX stock traded up $0.88 during mid-day trading on Friday, hitting $146.75. 9,218,508 shares of the company were exchanged, compared to its average volume of 5,445,506. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The firm has a market cap of $196.05 billion, a P/E ratio of 43.04, a P/E/G ratio of 2.64 and a beta of 0.63. The firm's 50 day simple moving average is $133.43 and its 200 day simple moving average is $127.42. RTX Corporation has a 1-year low of $99.07 and a 1-year high of $149.26.

RTX (NYSE:RTX - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.35 by $0.12. RTX had a net margin of 5.63% and a return on equity of 12.71%. The firm had revenue of $20.31 billion for the quarter, compared to the consensus estimate of $19.80 billion. On average, sell-side analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd were issued a $0.68 dividend. The ex-dividend date was Friday, May 23rd. This is an increase from RTX's previous quarterly dividend of $0.63. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.85%. RTX's dividend payout ratio (DPR) is 79.77%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on RTX shares. Royal Bank Of Canada decreased their price objective on shares of RTX from $150.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their price objective on shares of RTX from $150.00 to $145.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Robert W. Baird raised shares of RTX from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $136.00 to $160.00 in a report on Wednesday, March 19th. Susquehanna decreased their price objective on shares of RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Finally, Wall Street Zen raised shares of RTX from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $159.82.

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.