GWN Securities Inc. Takes $1.13 Million Position in RTX Co. (NYSE:RTX)

GWN Securities Inc. acquired a new stake in shares of RTX Co. (NYSE:RTX) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 9,046 shares of the company’s stock, valued at approximately $1,128,000.

A number of other large investors have also recently made changes to their positions in RTX. KBC Group NV lifted its position in shares of RTX by 5.4% during the 3rd quarter. KBC Group NV now owns 105,297 shares of the company’s stock valued at $12,758,000 after buying an additional 5,374 shares in the last quarter. CIBC Asset Management Inc raised its stake in RTX by 6.8% during the 3rd quarter. CIBC Asset Management Inc now owns 246,986 shares of the company’s stock valued at $29,925,000 after purchasing an additional 15,756 shares during the period. Signature Estate & Investment Advisors LLC raised its stake in RTX by 4.5% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 7,388 shares of the company’s stock valued at $895,000 after purchasing an additional 321 shares during the period. Natixis Advisors LLC raised its stake in RTX by 1.9% during the 3rd quarter. Natixis Advisors LLC now owns 1,238,447 shares of the company’s stock valued at $150,050,000 after purchasing an additional 23,311 shares during the period. Finally, RIA Advisory Group LLC bought a new stake in RTX during the 3rd quarter valued at approximately $250,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at RTX

In other RTX news, insider Troy D. Brunk sold 2,872 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the sale, the insider now directly owns 5,272 shares in the company, valued at approximately $664,008.40. This represents a 35.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.35, for a total value of $2,100,981.30. Following the completion of the sale, the chief financial officer now owns 59,556 shares of the company’s stock, valued at $7,763,124.60. This represents a 21.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,831 shares of company stock worth $10,309,302 in the last quarter. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

RTX has been the topic of several recent analyst reports. UBS Group raised RTX from a “neutral” rating to a “buy” rating and lifted their target price for the company from $142.00 to $147.00 in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and lifted their target price for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Susquehanna lifted their target price on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Argus raised RTX from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Finally, Royal Bank of Canada lifted their price objective on RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $163.40.

RTX Stock Performance

NYSE RTX opened at $130.00 on Friday. The company has a market cap of $173.56 billion, a P/E ratio of 36.62, a P/E/G ratio of 2.11 and a beta of 0.78. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The business’s 50 day moving average price is $125.33 and its 200-day moving average price is $122.16. RTX Co. has a fifty-two week low of $92.35 and a fifty-two week 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, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Sell-side analysts predict that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Friday, February 21st. RTX’s payout ratio is currently 70.99%.

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.