WCG Wealth Advisors LLC Boosts Stock Position in RTX Co. (NYSE:RTX)

WCG Wealth Advisors LLC grew its position in RTX Co. (NYSE:RTX - Free Report) by 26.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,934 shares of the company's stock after acquiring an additional 3,118 shares during the period. WCG Wealth Advisors LLC's holdings in RTX were worth $1,728,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of RTX. LaFleur & Godfrey LLC grew its stake in RTX by 0.5% in the 4th quarter. LaFleur & Godfrey LLC now owns 178,191 shares of the company's stock valued at $20,620,000 after buying an additional 900 shares during the last quarter. Traynor Capital Management Inc. boosted its holdings in RTX by 19.3% in the 4th quarter. Traynor Capital Management Inc. now owns 2,410 shares of the company's stock valued at $279,000 after purchasing an additional 390 shares during the period. Red Door Wealth Management LLC boosted its holdings in RTX by 2.6% in the 4th quarter. Red Door Wealth Management LLC now owns 8,415 shares of the company's stock valued at $974,000 after purchasing an additional 215 shares during the period. New Century Financial Group LLC boosted its holdings in RTX by 502.3% in the 4th quarter. New Century Financial Group LLC now owns 10,492 shares of the company's stock valued at $1,216,000 after purchasing an additional 8,750 shares during the period. Finally, Cerro Pacific Wealth Advisors LLC boosted its holdings in RTX by 10.1% in the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 4,766 shares of the company's stock valued at $577,000 after purchasing an additional 438 shares during the period. Institutional investors own 86.50% of the company's stock.

Insider Transactions 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 stock was 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 owns 9,546 shares in the company, valued at $1,217,496.84. The trade was a 30.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.15% of the company's stock.

RTX Price Performance

NYSE:RTX traded up $1.67 during trading hours on Thursday, reaching $134.52. The stock had a trading volume of 1,360,382 shares, compared to its average volume of 5,381,086. The stock has a market capitalization of $179.71 billion, a PE ratio of 37.92, a PEG ratio of 2.11 and a beta of 0.60. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The company has a 50 day moving average price of $129.08 and a two-hundred day moving average price of $124.95. RTX Co. has a 52 week low of $99.07 and a 52 week high of $138.82.

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 analysts' consensus estimates of $1.35 by $0.12. The firm had revenue of $20.31 billion during the quarter, compared to analysts' expectations of $19.80 billion. RTX had a return on equity of 12.45% and a net margin of 5.91%. As a group, sell-side analysts anticipate that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd will be issued a $0.68 dividend. This is a boost from RTX's previous quarterly dividend of $0.63. The ex-dividend date is Friday, May 23rd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.02%. RTX's payout ratio is 79.77%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Royal Bank of Canada cut their price objective on shares of RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Citigroup reduced their price objective on shares of RTX from $153.00 to $148.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. UBS Group upped their target price on RTX from $133.00 to $138.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their price target on RTX from $150.00 to $145.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Finally, Cowen reiterated a "buy" rating on shares of RTX in a research note on Friday, May 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 stock. According to data from MarketBeat, the company presently 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.