Bay Colony Advisory Group Inc d b a Bay Colony Advisors Boosts Holdings in RTX Co. (NYSE:RTX)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in RTX Co. (NYSE:RTX) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,748 shares of the company’s stock after purchasing an additional 2,063 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in RTX were worth $3,327,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JNBA Financial Advisors increased its stake in shares of RTX by 7.4% in the 3rd quarter. JNBA Financial Advisors now owns 1,685 shares of the company’s stock worth $204,000 after acquiring an additional 116 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC bought a new position in shares of RTX in the 3rd quarter worth about $540,000. Graypoint LLC increased its stake in shares of RTX by 1.3% in the 3rd quarter. Graypoint LLC now owns 16,665 shares of the company’s stock worth $2,019,000 after acquiring an additional 213 shares in the last quarter. US Financial Advisors LLC increased its stake in shares of RTX by 10.5% in the 3rd quarter. US Financial Advisors LLC now owns 3,927 shares of the company’s stock worth $476,000 after acquiring an additional 374 shares in the last quarter. Finally, WoodTrust Financial Corp bought a new position in shares of RTX in the 3rd quarter worth about $205,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RTX. Morgan Stanley increased their price target on shares of RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Wells Fargo & Company raised their price objective on shares of RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Susquehanna raised their price objective on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. UBS Group upgraded shares of RTX from a “neutral” rating to a “buy” rating and raised their price objective for the company from $142.00 to $147.00 in a research note on Monday, February 24th. Finally, StockNews.com lowered shares of RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $163.40.

RTX Stock Performance

RTX opened at $128.27 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The company has a market cap of $170.87 billion, a price-to-earnings ratio of 36.13, a PEG ratio of 2.11 and a beta of 0.78. The company’s 50 day moving average is $123.56 and its 200 day moving average is $121.65. RTX Co. has a 12-month low of $89.44 and a 12-month high of $135.36.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. On average, equities research analysts predict that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.96%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio is currently 70.99%.

Insider Buying and Selling at RTX

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the transaction, the executive vice president now owns 44,415 shares of the company’s stock, valued at $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the transaction, the chief executive officer now directly owns 81,508 shares in the company, valued at $10,625,382.88. This represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 79,831 shares of company stock valued at $10,309,302 over 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.