HF Advisory Group LLC Buys 990 Shares of RTX Co. (NYSE:RTX)

HF Advisory Group LLC boosted its stake in shares of RTX Co. (NYSE:RTX) by 6.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,665 shares of the company’s stock after acquiring an additional 990 shares during the period. HF Advisory Group LLC’s holdings in RTX were worth $1,318,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Cary Street Partners Investment Advisory LLC lifted its stake in shares of RTX by 26.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 140,022 shares of the company’s stock valued at $10,077,000 after acquiring an additional 28,910 shares during the last quarter. Rockline Wealth Management LLC bought a new position in shares of RTX in the 4th quarter valued at $2,438,000. B&D White Capital Company LLC bought a new position in shares of RTX in the 3rd quarter valued at $14,186,000. Cullen Investment Group LTD. bought a new position in shares of RTX in the 4th quarter valued at $843,000. Finally, Hurlow Wealth Management Group Inc. bought a new position in shares of RTX in the 4th quarter valued at $206,000. Institutional investors own 86.50% of the company’s stock.

RTX Stock Up 0.6 %

RTX stock traded up $0.56 during mid-day trading on Thursday, reaching $101.31. 850,747 shares of the company traded hands, compared to its average volume of 8,193,175. The stock has a market cap of $134.71 billion, a price-to-earnings ratio of 44.98, a P/E/G ratio of 1.84 and a beta of 0.88. 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 fifty-two week low of $68.56 and a fifty-two week high of $104.91. The firm’s 50 day moving average price is $94.13 and its 200 day moving average price is $86.13.

RTX (NYSE:RTX) last released its quarterly 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. The business had revenue of $19.93 billion during the quarter, compared to the consensus estimate of $19.74 billion. RTX had a return on equity of 10.34% and a net margin of 4.64%. The company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.27 EPS. As a group, equities research analysts predict that RTX Co. will post 5.39 EPS for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders 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 yield of 2.33%. RTX’s dividend payout ratio (DPR) is currently 105.36%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Robert W. Baird increased their price target on RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Barclays increased their price target on RTX from $75.00 to $90.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 30th. Bank of America upgraded RTX from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $78.00 to $100.00 in a report on Thursday, January 25th. TheStreet upgraded RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. Finally, UBS Group increased their price target 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 given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $94.44.

Insiders Place Their Bets

In other RTX news, COO Christopher T. Calio sold 367 shares of RTX stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total transaction of $33,995.21. Following the transaction, the chief operating officer now owns 56,707 shares of the company’s stock, valued at approximately $5,252,769.41. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Ramsaran Maharajh sold 312 shares of RTX 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 sale, the executive vice president now owns 11,676 shares of the company’s stock, valued at approximately $1,076,176.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Christopher T. Calio sold 367 shares of RTX stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders have sold a total of 37,785 shares of company stock valued at $3,448,188 in the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

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.