Bison Wealth LLC Purchases 629 Shares of RTX Co. (NYSE:RTX)

Bison Wealth LLC raised its position in RTX Co. (NYSE:RTX) by 5.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 11,342 shares of the company’s stock after acquiring an additional 629 shares during the period. Bison Wealth LLC’s holdings in RTX were worth $954,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Quarry LP bought a new stake in shares of RTX during the 1st quarter worth approximately $28,000. Bear Mountain Capital Inc. bought a new stake in shares of RTX during the 4th quarter worth approximately $25,000. Planned Solutions Inc. bought a new stake in shares of RTX during the 4th quarter worth approximately $30,000. Strengthening Families & Communities LLC bought a new stake in shares of RTX during the 3rd quarter worth approximately $28,000. Finally, 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 purchasing an additional 345 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

RTX opened at $100.02 on Tuesday. The firm has a market cap of $132.99 billion, a P/E ratio of 44.65, a price-to-earnings-growth ratio of 1.82 and a beta of 0.88. RTX Co. has a 52-week low of $68.56 and a 52-week high of $104.91. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.78 and a current ratio of 1.04. The business’s fifty day moving average is $93.79 and its 200-day moving average is $85.82.

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

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were given 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 dividend yield of 2.36%. RTX’s dividend payout ratio is currently 105.36%.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of analyst reports. Royal Bank of Canada upped their price objective on RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Monday, January 22nd. Bank of America raised RTX from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $78.00 to $100.00 in a report on Thursday, January 25th. TD Cowen boosted their target price on RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, March 19th. Barclays boosted their target price on RTX from $75.00 to $90.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 30th. Finally, UBS Group boosted their target price on RTX from $93.00 to $96.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, RTX has an average rating of “Hold” and a consensus target price of $94.44.

Insider Buying and Selling

In related news, EVP Ramsaran Maharajh sold 312 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total transaction of $28,757.04. Following the completion of the sale, the executive vice president now directly owns 11,676 shares in the company, valued at approximately $1,076,176.92. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, COO Christopher T. Calio sold 367 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total transaction of $33,995.21. Following the completion of the sale, the chief operating officer now directly owns 56,707 shares in the company, valued at approximately $5,252,769.41. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Ramsaran Maharajh sold 312 shares of the 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 completion of the transaction, the executive vice president now owns 11,676 shares of the company’s stock, valued at $1,076,176.92. The disclosure for this sale can be found here. Insiders sold a total of 37,785 shares of company stock worth $3,448,188 in the last ninety days. 0.13% of the stock is owned by insiders.

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.