Mutual of America Capital Management LLC Sells 5,012 Shares of RTX Corporation (NYSE:RTX)

Mutual of America Capital Management LLC lowered its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 3.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,008 shares of the company's stock after selling 5,012 shares during the quarter. Mutual of America Capital Management LLC's holdings in RTX were worth $21,592,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of RTX. MorganRosel Wealth Management LLC bought a new stake in RTX in the 1st quarter worth about $26,000. 10Elms LLP purchased a new position in shares of RTX in the 4th quarter worth approximately $29,000. Greenline Partners LLC bought a new position in shares of RTX in the fourth quarter valued at approximately $34,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of RTX during the fourth quarter valued at approximately $43,000. Finally, Capital A Wealth Management LLC bought a new stake in RTX during the fourth quarter worth $45,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Price Performance

RTX stock traded down $0.25 during midday trading on Thursday, reaching $155.50. The company had a trading volume of 5,102,942 shares, compared to its average volume of 5,047,802. The firm has a 50-day moving average price of $147.50 and a 200-day moving average price of $135.19. The company has a market capitalization of $208.14 billion, a P/E ratio of 34.18, a P/E/G ratio of 2.87 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 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 announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The firm had revenue of $21.58 billion during the quarter, compared to analyst estimates of $20.68 billion. During the same period in the previous year, the business posted $1.41 EPS. The business's quarterly revenue was up 9.4% on a year-over-year basis. On average, research analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 15th will be paid 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 currently 59.78%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RTX. The Goldman Sachs Group boosted their target price on shares of RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research note on Monday, June 23rd. Jefferies Financial Group reissued a "hold" rating on shares of RTX in a report on Monday, July 21st. Bank of America increased their price target on RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada restated an "outperform" rating and issued a $170.00 price objective (up from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Finally, Cowen reiterated a "buy" rating on shares of RTX in a research report on Friday, May 23rd. Six 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $158.67.

Insider Buying and Selling

In other RTX news, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the sale, the vice president owned 30,004 shares of the company's stock, valued at $4,686,624.80. This represents a 22.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Philip J. Jasper sold 12,847 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the completion of the transaction, the insider owned 17,684 shares in the company, valued at $2,790,888.88. The trade was a 42.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold 39,935 shares of company stock valued at $5,938,488 over the last quarter. Company insiders own 0.15% of the company's stock.

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.