First National Corp MA ADV Sells 3,875 Shares of RTX Co. (NYSE:RTX)

First National Corp MA ADV cut its position in RTX Co. (NYSE:RTX) by 40.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,748 shares of the company’s stock after selling 3,875 shares during the quarter. First National Corp MA ADV’s holdings in RTX were worth $484,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in RTX. Norges Bank bought a new stake in RTX in the 4th quarter valued at $1,580,608,000. Moneta Group Investment Advisors LLC boosted its stake in RTX by 87,932.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 13,614,259 shares of the company’s stock valued at $1,373,951,000 after purchasing an additional 13,598,794 shares during the period. Boston Partners bought a new stake in RTX in the 3rd quarter valued at $355,350,000. Morgan Stanley boosted its stake in RTX by 11.3% in the 4th quarter. Morgan Stanley now owns 30,509,436 shares of the company’s stock valued at $3,079,013,000 after purchasing an additional 3,104,282 shares during the period. Finally, Capital World Investors lifted its position in shares of RTX by 32.8% during the 1st quarter. Capital World Investors now owns 9,130,557 shares of the company’s stock valued at $904,564,000 after acquiring an additional 2,256,475 shares during the period. 86.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling at RTX

In other RTX news, EVP Ramsaran Maharajh sold 312 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total value of $28,757.04. Following the completion of the sale, the executive vice president now owns 11,676 shares of the company’s stock, valued at $1,076,176.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Christopher T. Calio sold 367 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total value of $33,995.21. Following the transaction, the chief operating officer now owns 56,707 shares in the company, valued at $5,252,769.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ramsaran Maharajh sold 312 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total value of $28,757.04. Following the completion of the transaction, the executive vice president now owns 11,676 shares in the company, valued at approximately $1,076,176.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,785 shares of company stock valued at $3,448,188. Company insiders own 0.13% of the company’s stock.

RTX Price Performance

RTX stock opened at $97.65 on Thursday. The company has a current ratio of 1.04, a quick ratio of 0.78 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $129.84 billion, a PE ratio of 43.50, a P/E/G ratio of 1.75 and a beta of 0.87. RTX Co. has a 12 month low of $68.56 and a 12 month high of $104.91. The stock has a 50-day moving average price of $91.16 and a two-hundred day moving average price of $83.42.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, January 23rd. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.25 by $0.04. RTX had a return on equity of 10.34% and a net margin of 4.64%. The firm had revenue of $19.93 billion during the quarter, compared to the consensus estimate of $19.74 billion. During the same period last year, the company earned $1.27 earnings per share. The business’s quarterly revenue was up 10.1% on a year-over-year basis. Analysts expect that RTX Co. will post 5.39 EPS for the current year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.36 annualized dividend and a yield of 2.42%. RTX’s dividend payout ratio is currently 105.36%.

Analyst Ratings Changes

A number of research firms have recently weighed in on RTX. Robert W. Baird reiterated a “neutral” rating and set a $94.00 target price (up from $88.00) on shares of RTX in a research report on Tuesday, January 16th. Wells Fargo & Company upgraded RTX from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $100.00 to $120.00 in a research report on Thursday, March 14th. TD Cowen upped their target price on RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, March 19th. Bank of America upgraded RTX from an “underperform” rating to a “neutral” rating and upped their target price for the company from $78.00 to $100.00 in a research report on Thursday, January 25th. Finally, TheStreet upgraded RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $95.12.

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.