Sivia Capital Partners LLC Acquires 194 Shares of RTX Co. (NYSE:RTX)

Sivia Capital Partners LLC increased its stake in RTX Co. (NYSE:RTX) by 6.6% during the second quarter, Holdings Channel.com reports. The firm owned 3,138 shares of the company’s stock after purchasing an additional 194 shares during the quarter. Sivia Capital Partners LLC’s holdings in RTX were worth $315,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lake Street Advisors Group LLC lifted its position in shares of RTX by 15.7% during the 2nd quarter. Lake Street Advisors Group LLC now owns 12,290 shares of the company’s stock valued at $1,234,000 after buying an additional 1,666 shares in the last quarter. Opes Wealth Management LLC raised its stake in RTX by 4.4% during the 2nd quarter. Opes Wealth Management LLC now owns 2,939 shares of the company’s stock worth $295,000 after acquiring an additional 125 shares during the period. Private Advisor Group LLC lifted its holdings in RTX by 2.0% during the second quarter. Private Advisor Group LLC now owns 168,190 shares of the company’s stock valued at $16,885,000 after purchasing an additional 3,272 shares in the last quarter. New York Life Investment Management LLC boosted its position in shares of RTX by 0.7% in the second quarter. New York Life Investment Management LLC now owns 183,507 shares of the company’s stock worth $18,422,000 after purchasing an additional 1,273 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in shares of RTX by 0.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 12,521 shares of the company’s stock valued at $1,257,000 after buying an additional 102 shares in the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on RTX. The Goldman Sachs Group boosted their price target on RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Robert W. Baird upped their target price on shares of RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Wells Fargo & Company cut their target price on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Friday. Finally, TD Cowen raised their price objective on RTX from $115.00 to $142.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, RTX currently has an average rating of “Hold” and a consensus target price of $153.47.

RTX Price Performance

NYSE:RTX opened at $118.47 on Friday. The firm has a market capitalization of $157.59 billion, a price-to-earnings ratio of 46.46, a PEG ratio of 2.13 and a beta of 0.82. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.99 and a quick ratio of 0.73. The business has a 50 day simple moving average of $112.14 and a 200-day simple moving average of $104.23. RTX Co. has a 1 year low of $68.56 and a 1 year high of $123.70.

RTX (NYSE:RTX) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.30 by $0.11. RTX had a net margin of 3.12% and a return on equity of 11.37%. The company had revenue of $19.72 billion during the quarter, compared to analyst estimates of $19.29 billion. During the same period in the previous year, the firm earned $1.29 earnings per share. RTX’s quarterly revenue was up 7.7% compared to the same quarter last year. Equities analysts forecast that RTX Co. will post 5.45 EPS for the current year.

Insiders Place Their Bets

In other news, Chairman Gregory Hayes sold 134,887 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $117.74, for a total transaction of $15,881,595.38. Following the completion of the sale, the chairman now directly owns 566,723 shares of the company’s stock, valued at $66,725,966.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Kevin G. Dasilva sold 8,166 shares of RTX stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $114.96, for a total value of $938,763.36. Following the completion of the sale, the vice president now directly owns 45,208 shares in the company, valued at $5,197,111.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Gregory Hayes sold 134,887 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $117.74, for a total transaction of $15,881,595.38. Following the transaction, the chairman now directly owns 566,723 shares in the company, valued at approximately $66,725,966.02. The disclosure for this sale can be found here. Insiders have sold a total of 178,333 shares of company stock worth $20,861,880 over the last quarter. Company insiders own 0.13% of the company’s stock.

RTX Company 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.