BIP Wealth LLC Has $392,000 Stake in RTX Co. (NYSE:RTX)

BIP Wealth LLC raised its stake in RTX Co. (NYSE:RTX) by 5.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,657 shares of the company’s stock after buying an additional 250 shares during the period. BIP Wealth LLC’s holdings in RTX were worth $392,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in RTX. Exchange Traded Concepts LLC increased its holdings in shares of RTX by 8,351.8% in the third quarter. Exchange Traded Concepts LLC now owns 7,184 shares of the company’s stock worth $517,000 after acquiring an additional 7,099 shares in the last quarter. Roman Butler Fullerton & Co. increased its holdings in shares of RTX by 5.1% in the third quarter. Roman Butler Fullerton & Co. now owns 3,614 shares of the company’s stock worth $265,000 after acquiring an additional 174 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in shares of RTX by 2.8% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 20,838 shares of the company’s stock worth $1,500,000 after acquiring an additional 558 shares in the last quarter. Builder Investment Group Inc. ADV increased its holdings in shares of RTX by 15.5% in the third quarter. Builder Investment Group Inc. ADV now owns 45,445 shares of the company’s stock worth $3,271,000 after acquiring an additional 6,107 shares in the last quarter. Finally, Ballast Inc. increased its holdings in shares of RTX by 17.7% in the third quarter. Ballast Inc. now owns 11,477 shares of the company’s stock worth $826,000 after acquiring an additional 1,729 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. UBS Group increased their price target on RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday. Citigroup increased their price objective on RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday. Robert W. Baird lifted their target price on RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Wells Fargo & Company reissued an “overweight” rating and issued a $120.00 target price on shares of RTX in a research report on Monday, April 1st. Finally, Susquehanna lifted their target price on RTX from $110.00 to $119.00 and gave the company a “positive” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $96.27.

RTX Stock Up 0.6 %

Shares of NYSE:RTX traded up $0.63 during trading on Thursday, hitting $101.65. 3,432,455 shares of the company were exchanged, compared to its average volume of 8,195,600. The stock has a market cap of $135.16 billion, a price-to-earnings ratio of 39.62, a P/E/G ratio of 1.84 and a beta of 0.88. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $103.89. The firm has a fifty day moving average price of $95.16 and a two-hundred day moving average price of $87.21. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.68.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.11. RTX had a return on equity of 10.81% and a net margin of 4.90%. The firm had revenue of $19.30 billion for the quarter, compared to analyst estimates of $18.44 billion. During the same quarter in the previous year, the firm earned $1.22 EPS. The business’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, research analysts anticipate that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were paid a $0.59 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.36 annualized dividend and a yield of 2.32%. RTX’s dividend payout ratio (DPR) is presently 92.55%.

Insider Activity at RTX

In related news, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the sale, the insider now directly owns 6,741 shares in the company, valued at approximately $614,711.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total transaction of $142,696.20. Following the completion of the sale, the chief financial officer now directly owns 49,894 shares in the company, valued at approximately $4,608,209.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Shane G. Eddy sold 35,456 shares of the company’s 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 sale, the insider now owns 6,741 shares of the company’s stock, valued at $614,711.79. The disclosure for this sale can be found here. Insiders sold 37,785 shares of company stock worth $3,448,188 in the last ninety days. 0.13% of the stock is owned by company 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.