Good Life Advisors LLC Increases Stock Position in RTX Co. (NYSE:RTX)

Good Life Advisors LLC lifted its holdings in RTX Co. (NYSE:RTX) by 35.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,788 shares of the company’s stock after purchasing an additional 2,038 shares during the period. Good Life Advisors LLC’s holdings in RTX were worth $655,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of RTX. Strengthening Families & Communities LLC bought a new position in shares of RTX during the 3rd quarter worth approximately $28,000. Quarry LP bought a new position in shares of RTX during the 1st quarter worth approximately $28,000. Planned Solutions Inc. bought a new position in shares of RTX during the 4th quarter worth approximately $30,000. Financial Gravity Asset Management Inc. raised its stake in shares of RTX by 352.0% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock worth $32,000 after acquiring an additional 345 shares in the last quarter. Finally, Valley National Advisers Inc. raised its stake in shares of RTX by 37.4% during the 3rd quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock worth $34,000 after acquiring an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Up 0.1 %

RTX stock traded up $0.08 during trading on Thursday, reaching $97.53. The stock had a trading volume of 8,255,943 shares, compared to its average volume of 8,081,846. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.69. RTX Co. has a 52-week low of $68.56 and a 52-week high of $104.91. The business has a 50 day moving average price of $91.16 and a 200 day moving average price of $83.42. The stock has a market cap of $129.68 billion, a PE ratio of 43.50, a P/E/G ratio of 1.75 and a beta of 0.87.

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

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.42%. RTX’s dividend payout ratio is currently 105.36%.

Analyst Ratings Changes

Several research firms recently commented on RTX. Barclays boosted their price objective on shares of RTX from $75.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. TD Cowen upped their price target on shares of RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, March 19th. Royal Bank of Canada upped their price target on shares of RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a research note on Monday, January 22nd. TheStreet upgraded shares of RTX from a “c” rating to a “b-” rating in a research note on Tuesday, January 23rd. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $94.00 price objective (up from $88.00) on shares of RTX in a report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $95.12.

Insider Activity

In other RTX news, insider Shane G. Eddy sold 35,456 shares of RTX stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the transaction, the insider now owns 6,741 shares of the company’s stock, valued at $614,711.79. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other RTX news, EVP Ramsaran Maharajh sold 312 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total value of $28,757.04. Following the sale, the executive vice president now directly owns 11,676 shares in the company, valued at $1,076,176.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the completion of the sale, the insider now owns 6,741 shares in the company, valued at $614,711.79. The disclosure for this sale can be found here. Insiders have sold 37,785 shares of company stock worth $3,448,188 over the last 90 days. Company insiders own 0.13% 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.