FLC Capital Advisors Acquires 3,784 Shares of RTX Co. (NYSE:RTX)

FLC Capital Advisors boosted its position in RTX Co. (NYSE:RTX) by 51.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,182 shares of the company’s stock after acquiring an additional 3,784 shares during the quarter. FLC Capital Advisors’ holdings in RTX were worth $941,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in RTX. Strengthening Families & Communities LLC acquired a new position in shares of RTX during the third quarter worth $28,000. Quarry LP bought a new stake in shares of RTX during the first quarter worth about $28,000. Planned Solutions Inc. bought a new stake in RTX in the 4th quarter worth about $30,000. Financial Gravity Asset Management Inc. grew its position in RTX by 352.0% in 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. Finally, Valley National Advisers Inc. grew its position in RTX by 37.4% in the 3rd quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock worth $34,000 after purchasing an additional 127 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

Insider Transactions at RTX

In other news, 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 completion of the transaction, the insider now directly owns 6,741 shares in the company, valued at $614,711.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, 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 completion of the transaction, the insider now directly owns 6,741 shares in the company, valued at $614,711.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Christopher T. Calio sold 367 shares of the stock in a transaction 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 in the company, valued at $5,252,769.41. The disclosure for this sale can be found here. Insiders sold 37,785 shares of company stock valued at $3,448,188 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.

RTX Trading Up 1.4 %

RTX stock traded up $1.39 on Wednesday, hitting $97.45. 7,147,693 shares of the company were exchanged, compared to its average volume of 8,077,323. RTX Co. has a twelve month low of $68.56 and a twelve month high of $104.91. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 0.78. The business’s fifty day moving average is $91.16 and its two-hundred day moving average is $83.42. The stock has a market capitalization of $129.57 billion, a price-to-earnings ratio of 43.50, a price-to-earnings-growth ratio of 1.74 and a beta of 0.87.

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

RTX Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on RTX shares. Wells Fargo & Company upgraded shares of RTX from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $100.00 to $120.00 in a research note on Thursday, March 14th. TheStreet upgraded shares of RTX from a “c” rating to a “b-” rating in a research note on Tuesday, January 23rd. Royal Bank of Canada increased their target price on shares of RTX from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research note on Monday, January 22nd. TD Cowen increased their target price on shares of RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, March 19th. Finally, Bank of America raised shares of RTX from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $78.00 to $100.00 in a report on Thursday, January 25th. 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.